CIBC Asset Management Inc Increases Holdings in VeriSign, Inc. (NASDAQ:VRSN)

CIBC Asset Management Inc grew its stake in VeriSign, Inc. (NASDAQ:VRSN) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,807 shares of the information services provider’s stock after acquiring an additional 670 shares during the quarter. CIBC Asset Management Inc’s holdings in VeriSign were worth $2,433,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. D. E. Shaw & Co. Inc. grew its position in VeriSign by 0.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,472,803 shares of the information services provider’s stock valued at $261,864,000 after purchasing an additional 11,606 shares during the last quarter. Liontrust Investment Partners LLP lifted its stake in shares of VeriSign by 5.8% in the second quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider’s stock worth $156,707,000 after buying an additional 48,344 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of VeriSign by 6.7% during the first quarter. Lazard Asset Management LLC now owns 793,507 shares of the information services provider’s stock valued at $150,376,000 after buying an additional 49,967 shares during the last quarter. AQR Capital Management LLC increased its position in shares of VeriSign by 44.5% during the second quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock valued at $139,771,000 after acquiring an additional 242,884 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in VeriSign by 2.6% in the 2nd quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock worth $117,382,000 after acquiring an additional 17,018 shares during the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at VeriSign

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s 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 $6,382,670. This trade represents a 3.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.84% of the company’s stock.

VeriSign Trading Down 0.5 %

VRSN stock opened at $178.25 on Wednesday. The stock has a market capitalization of $17.13 billion, a PE ratio of 20.73 and a beta of 0.91. The stock’s 50 day simple moving average is $183.79 and its 200 day simple moving average is $179.80. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91.

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

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.