Creative Planning Raises Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Creative Planning increased its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 40.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 16,984 shares of the information services provider’s stock after acquiring an additional 4,850 shares during the quarter. Creative Planning’s holdings in VeriSign were worth $3,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in VeriSign by 291.1% in the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after buying an additional 131 shares in the last quarter. UMB Bank n.a. increased its holdings in VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after buying an additional 109 shares in the last quarter. Rothschild Investment LLC purchased a new position in VeriSign in the second quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in VeriSign in the second quarter valued at $39,000. Finally, Versant Capital Management Inc increased its holdings in VeriSign by 55.7% in the second quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock valued at $58,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Insider Buying and Selling

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction dated 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 in the company, valued at $6,382,670. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $6,382,670. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $190.00, for a total transaction of $466,640.00. Following the completion of the transaction, the executive vice president now owns 34,821 shares in the company, valued at approximately $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,368 shares of company stock worth $1,399,920. 0.84% of the stock is owned by insiders.

VeriSign Stock Performance

VRSN opened at $181.26 on Friday. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 22.27 and a beta of 0.90. The company has a fifty day moving average of $184.10 and a two-hundred day moving average of $179.77. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.06. The business had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $390.19 million. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.83 earnings per share.

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.