VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by CX Institutional

CX Institutional reduced its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 92.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,116 shares of the information services provider’s stock after selling 14,356 shares during the quarter. CX Institutional’s holdings in VeriSign were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Sivia Capital Partners LLC raised its holdings in shares of VeriSign by 6.5% in the 3rd quarter. Sivia Capital Partners LLC now owns 1,363 shares of the information services provider’s stock worth $259,000 after purchasing an additional 83 shares during the period. Capricorn Fund Managers Ltd raised its position in VeriSign by 17.1% in the third quarter. Capricorn Fund Managers Ltd now owns 14,959 shares of the information services provider’s stock valued at $2,842,000 after purchasing an additional 2,181 shares during the period. Willis Investment Counsel lifted its stake in shares of VeriSign by 8.0% during the third quarter. Willis Investment Counsel now owns 1,961 shares of the information services provider’s stock worth $373,000 after purchasing an additional 145 shares in the last quarter. Crestmont Private Wealth LLC lifted its position in VeriSign by 6.1% during the 3rd quarter. Crestmont Private Wealth LLC now owns 2,623 shares of the information services provider’s stock worth $498,000 after acquiring an additional 151 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of VeriSign by 3,272.7% in the third quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the information services provider’s stock valued at $352,000 after purchasing an additional 1,800 shares during the period. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at VeriSign

In related news, EVP Thomas C. Indelicarto sold 2,456 shares of the business’s 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 completion of the transaction, the executive vice president now owns 34,821 shares in the company, valued at $6,615,990. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Thomas C. Indelicarto sold 2,456 shares of VeriSign 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 sale, the executive vice president now owns 34,821 shares of the company’s stock, valued at approximately $6,615,990. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total value of $233,320.00. Following the sale, the executive vice president now directly owns 33,593 shares in the company, valued at $6,382,670. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,368 shares of company stock worth $1,399,920 over the last ninety days. Company insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reaffirmed a “neutral” rating and set a $200.00 target price on shares of VeriSign in a research report on Thursday, June 27th.

VeriSign Stock Performance

Shares of VRSN stock opened at $185.88 on Friday. The company’s 50-day simple moving average is $182.96 and its 200-day simple moving average is $179.90. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91. The stock has a market capitalization of $18.51 billion, a price-to-earnings ratio of 22.84 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.08. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company had revenue of $387.10 million for the quarter, compared to analysts’ expectations of $385.80 million. During the same period in the prior year, the company earned $1.79 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year.

About VeriSign

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.