VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 37.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,786 shares of the information services provider’s stock after selling 10,783 shares during the quarter. Raymond James & Associates’ holdings in VeriSign were worth $3,379,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in VeriSign by 291.1% during the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock worth $33,000 after purchasing an additional 131 shares in the last quarter. UMB Bank n.a. raised its holdings in VeriSign by 117.2% during the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after purchasing an additional 109 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of VeriSign in the 2nd quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VeriSign in the 2nd quarter valued at $39,000. Finally, Versant Capital Management Inc increased its holdings in shares of VeriSign by 55.7% in the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock valued at $58,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Activity

In other news, 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 transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at $6,382,670. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Thomas C. Indelicarto sold 2,456 shares of VeriSign stock in a transaction 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 transaction, the executive vice president now directly owns 34,821 shares in the company, valued at $6,615,990. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $233,320.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

VeriSign Price Performance

Shares of VeriSign stock opened at $176.68 on Monday. The firm’s fifty day simple moving average is $183.84 and its 200-day simple moving average is $179.40. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 20.54 and a beta of 0.91. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91.

VeriSign (NASDAQ:VRSN) last announced its 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. The business had revenue of $390.60 million for the quarter, compared to analysts’ expectations of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 EPS.

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.