Point72 Hong Kong Ltd Invests $1.80 Million in VeriSign, Inc. (NASDAQ:VRSN)

Point72 Hong Kong Ltd bought a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,465 shares of the information services provider’s stock, valued at approximately $1,798,000.

Other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in VeriSign by 99.1% during the 1st quarter. Janus Henderson Group PLC now owns 24,199 shares of the information services provider’s stock worth $4,585,000 after acquiring an additional 12,042 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in VeriSign by 26.3% during the third quarter. BNP Paribas Financial Markets now owns 580,613 shares of the information services provider’s stock worth $110,293,000 after purchasing an additional 120,958 shares during the last quarter. KBC Group NV increased its stake in VeriSign by 56.3% in the 3rd quarter. KBC Group NV now owns 17,495 shares of the information services provider’s stock valued at $3,323,000 after buying an additional 6,303 shares during the last quarter. Prudential PLC lifted its position in shares of VeriSign by 50.4% during the 2nd quarter. Prudential PLC now owns 69,563 shares of the information services provider’s stock worth $12,368,000 after buying an additional 23,306 shares in the last quarter. Finally, Ibex Investors LLC purchased a new position in shares of VeriSign in the 2nd quarter worth approximately $622,000. Institutional investors own 92.90% of the company’s stock.

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the transaction, the executive vice president now owns 33,593 shares of the company’s stock, valued at $6,382,670. This represents a 3.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.84% of the company’s stock.

VeriSign Trading Down 2.3 %

Shares of VRSN opened at $187.18 on Monday. The stock has a 50 day moving average of $184.42 and a 200 day moving average of $180.70. The company has a market capitalization of $17.99 billion, a price-to-earnings ratio of 21.77 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.06. The firm had revenue of $390.60 million during the quarter, compared to analyst estimates of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $1.83 EPS.

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.