Sumitomo Mitsui DS Asset Management Company Ltd Has $2.13 Million Position in VeriSign, Inc. (NASDAQ:VRSN)

Sumitomo Mitsui DS Asset Management Company Ltd cut its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,196 shares of the information services provider’s stock after selling 166 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in VeriSign were worth $2,127,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. D. E. Shaw & Co. Inc. increased its position in VeriSign by 0.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,472,803 shares of the information services provider’s stock valued at $261,864,000 after acquiring an additional 11,606 shares in the last quarter. Liontrust Investment Partners LLP raised its position in VeriSign by 5.8% in the 2nd quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider’s stock worth $156,707,000 after purchasing an additional 48,344 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in VeriSign by 6.7% during the 1st quarter. Lazard Asset Management LLC now owns 793,507 shares of the information services provider’s stock worth $150,376,000 after buying an additional 49,967 shares in the last quarter. AQR Capital Management LLC boosted its position in VeriSign by 44.5% in the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock valued at $139,771,000 after buying an additional 242,884 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in shares of VeriSign by 2.6% in the 2nd quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock valued at $117,382,000 after buying an additional 17,018 shares during the period. 92.90% of the stock is owned by institutional investors.

VeriSign Stock Performance

Shares of VRSN stock opened at $187.17 on Tuesday. The firm’s 50 day moving average price is $183.46 and its two-hundred day moving average price is $179.74. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The stock has a market cap of $18.64 billion, a PE ratio of 22.99 and a beta of 0.90.

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

Insider Activity 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 shares were 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 approximately $6,615,990. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Thomas C. Indelicarto sold 3,684 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the sale, the executive vice president now owns 37,774 shares of the company’s stock, valued at $7,177,060. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the transaction, the executive vice president now owns 34,821 shares of the company’s stock, valued at $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,368 shares of company stock worth $1,399,920 in the last ninety days. Company insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

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

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.