Robeco Institutional Asset Management B.V. grew its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,737 shares of the information services provider's stock after purchasing an additional 3,588 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of VeriSign worth $25,215,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in VRSN. ProShare Advisors LLC grew its position in VeriSign by 0.3% in the first quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider's stock worth $4,077,000 after buying an additional 62 shares during the last quarter. Larson Financial Group LLC lifted its position in VeriSign by 4.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider's stock worth $329,000 after buying an additional 71 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of VeriSign by 6.7% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,172 shares of the information services provider's stock valued at $208,000 after buying an additional 74 shares during the period. Gateway Advisory LLC grew its holdings in shares of VeriSign by 5.6% during the 2nd quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider's stock valued at $273,000 after acquiring an additional 81 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in shares of VeriSign by 4.8% in the second quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider's stock worth $319,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company's stock.
In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the transaction, the executive vice president now owns 33,593 shares in the company, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $190.00, for a total transaction of $466,640.00. Following the transaction, the executive vice president now owns 34,821 shares in the company, valued at $6,615,990. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the sale, the executive vice president now owns 33,593 shares of the company's stock, valued at $6,382,670. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.84% of the company's stock.
VRSN opened at $179.15 on Wednesday. The stock has a fifty day moving average price of $183.72 and a 200 day moving average price of $179.33. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The stock has a market cap of $17.22 billion, a price-to-earnings ratio of 20.83 and a beta of 0.91.
VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The business had revenue of $390.60 million during the quarter, compared to analyst estimates of $390.19 million. During the same period in the previous year, the company earned $1.83 EPS. The firm's revenue was up 3.8% on a year-over-year basis.
VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.
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