ING Groep NV Trims Position in VeriSign, Inc. (NASDAQ:VRSN)

ING Groep NV trimmed its position in VeriSign, Inc. (NASDAQ:VRSN) by 25.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 113,726 shares of the information services provider’s stock after selling 39,034 shares during the period. ING Groep NV’s holdings in VeriSign were worth $21,603,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in VeriSign by 21.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,224 shares of the information services provider’s stock worth $20,320,000 after purchasing an additional 19,215 shares during the period. Sei Investments Co. increased its holdings in VeriSign by 133.6% in the 1st quarter. Sei Investments Co. now owns 37,213 shares of the information services provider’s stock worth $7,052,000 after acquiring an additional 21,285 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in VeriSign by 99.1% during the first quarter. Janus Henderson Group PLC now owns 24,199 shares of the information services provider’s stock valued at $4,585,000 after purchasing an additional 12,042 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of VeriSign by 7,443.1% in the first quarter. Acadian Asset Management LLC now owns 29,946 shares of the information services provider’s stock worth $5,673,000 after purchasing an additional 29,549 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of VeriSign by 245.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 334,652 shares of the information services provider’s stock valued at $63,420,000 after purchasing an additional 237,770 shares during the period. 92.90% of the stock is currently owned by institutional investors.

Insider Activity at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following 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 3.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.84% of the stock is currently owned by corporate insiders.

VeriSign Stock Performance

Shares of VeriSign stock opened at $184.36 on Friday. The company has a fifty day moving average of $183.91 and a 200 day moving average of $179.45. The company has a market capitalization of $17.72 billion, a P/E ratio of 21.44 and a beta of 0.91. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91.

VeriSign (NASDAQ:VRSN) last issued its 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 company had revenue of $390.60 million for the quarter, compared to the consensus estimate of $390.19 million. During the same quarter last year, the company earned $1.83 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis.

VeriSign Profile

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.