Creative Planning Purchases 4,850 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Creative Planning increased its position in VeriSign, Inc. (NASDAQ:VRSN) by 40.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,984 shares of the information services provider’s stock after buying an additional 4,850 shares during the period. Creative Planning’s holdings in VeriSign were worth $3,226,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VRSN. Troy Asset Management Ltd bought a new position in shares of VeriSign during the 2nd quarter valued at about $109,040,000. Mackenzie Financial Corp boosted its holdings in shares of VeriSign by 836.8% during the 2nd quarter. Mackenzie Financial Corp now owns 473,187 shares of the information services provider’s stock valued at $84,133,000 after purchasing an additional 422,676 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of VeriSign during the 2nd quarter valued at about $67,914,000. TD Asset Management Inc boosted its holdings in shares of VeriSign by 94.7% during the 1st quarter. TD Asset Management Inc now owns 643,173 shares of the information services provider’s stock valued at $121,888,000 after purchasing an additional 312,882 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of VeriSign by 44.5% during 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 purchasing an additional 242,884 shares during the last quarter. Institutional investors own 92.90% of the company’s stock.

Insider Activity at VeriSign

In related news, EVP Thomas C. Indelicarto sold 3,684 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $190.00, for a total value of $699,960.00. Following the completion of the transaction, the executive vice president now owns 37,774 shares of the company’s stock, valued at approximately $7,177,060. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction that occurred 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 directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas C. Indelicarto sold 3,684 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the transaction, the executive vice president now directly owns 37,774 shares in the company, valued at approximately $7,177,060. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,368 shares of company stock valued at $1,399,920. Insiders own 0.84% of the company’s stock.

VeriSign Stock Down 2.1 %

VRSN opened at $181.26 on Friday. The firm has a 50-day simple moving average of $184.10 and a two-hundred day simple moving average of $179.77. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91. The company has a market capitalization of $18.05 billion, a PE ratio of 22.27 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.06. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The firm had revenue of $390.60 million during the quarter, compared to the consensus estimate of $390.19 million. During the same quarter last year, the firm earned $1.83 EPS. The firm’s revenue for the quarter was up 3.8% 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.