BNP Paribas Financial Markets Acquires 120,958 Shares of VeriSign, Inc. (NASDAQ:VRSN)

BNP Paribas Financial Markets raised its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 26.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 580,613 shares of the information services provider’s stock after acquiring an additional 120,958 shares during the period. BNP Paribas Financial Markets’ holdings in VeriSign were worth $110,293,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of VRSN. Brooklyn Investment Group purchased a new stake in shares of VeriSign during the third quarter valued at approximately $138,000. Qsemble Capital Management LP raised its holdings in VeriSign by 360.1% during the 3rd quarter. Qsemble Capital Management LP now owns 5,646 shares of the information services provider’s stock valued at $1,073,000 after buying an additional 4,419 shares during the last quarter. Trust Asset Management LLC purchased a new stake in VeriSign during the 3rd quarter valued at $200,000. Daiwa Securities Group Inc. grew its holdings in VeriSign by 8.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,229 shares of the information services provider’s stock worth $2,323,000 after acquiring an additional 942 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of VeriSign by 18.5% in the third quarter. Algert Global LLC now owns 3,655 shares of the information services provider’s stock valued at $694,000 after acquiring an additional 570 shares during the period. Institutional investors own 92.90% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the 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 completion of the transaction, the executive vice president now owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This represents a 3.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is currently owned by company insiders.

VeriSign Trading Up 1.8 %

VeriSign stock opened at $185.16 on Wednesday. The firm has a market cap of $17.79 billion, a P/E ratio of 21.53 and a beta of 0.91. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $220.91. The firm has a 50-day moving average of $183.87 and a 200-day moving average of $180.27.

VeriSign (NASDAQ:VRSN) last posted 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 firm had revenue of $390.60 million for the quarter, compared to analysts’ expectations of $390.19 million. During the same period in the previous year, the firm earned $1.83 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year.

VeriSign Company 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.