Charles Schwab Investment Management Inc. Has $100.21 Million Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Charles Schwab Investment Management Inc. raised its position in VeriSign, Inc. (NASDAQ:VRSN) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 527,551 shares of the information services provider’s stock after acquiring an additional 9,574 shares during the period. Charles Schwab Investment Management Inc. owned about 0.55% of VeriSign worth $100,214,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in VeriSign by 44.6% in the 3rd quarter. Pacer Advisors Inc. now owns 33,290 shares of the information services provider’s stock valued at $6,324,000 after acquiring an additional 10,262 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in VeriSign by 2.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 365,532 shares of the information services provider’s stock valued at $69,436,000 after acquiring an additional 10,206 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in VeriSign by 2.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,832 shares of the information services provider’s stock valued at $728,000 after acquiring an additional 107 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in VeriSign by 186.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,620 shares of the information services provider’s stock valued at $688,000 after acquiring an additional 2,355 shares in the last quarter. Finally, West Family Investments Inc. raised its holdings in VeriSign by 3.9% in the 3rd quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider’s stock valued at $292,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Trading Up 1.8 %

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

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share 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 company had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. During the same period in the prior year, the company posted $1.83 EPS. The company’s revenue was up 3.8% compared to the same quarter last year.

Insider Buying and Selling

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

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.