VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 5.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,124 shares of the information services provider’s stock after selling 8,447 shares during the period. Bank of Montreal Can owned approximately 0.16% of VeriSign worth $28,429,000 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 company. D. E. Shaw & Co. Inc. increased its stake in VeriSign by 0.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,472,803 shares of the information services provider’s stock worth $261,864,000 after acquiring an additional 11,606 shares during the last quarter. Liontrust Investment Partners LLP increased its position in shares of VeriSign by 5.8% during the 2nd quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider’s stock worth $156,707,000 after purchasing an additional 48,344 shares during the last quarter. AQR Capital Management LLC raised its holdings in VeriSign by 44.5% in the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock valued at $139,771,000 after buying an additional 242,884 shares during the period. TD Asset Management Inc lifted its position in VeriSign by 2.6% in the second quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock valued at $117,382,000 after buying an additional 17,018 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in VeriSign by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 652,346 shares of the information services provider’s stock worth $115,987,000 after buying an additional 3,684 shares during the period. Hedge funds and other institutional investors own 92.90% of the company’s stock.

VeriSign Stock Performance

VeriSign stock opened at $187.18 on Friday. The company’s 50 day simple moving average is $184.42 and its 200-day simple moving average is $180.54. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. 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 (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 analysts’ consensus estimates 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 quarter in the previous year, the company earned $1.83 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year.

Insider Buying and Selling

In related 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 transaction of $233,320.00. Following the sale, the executive vice president now directly 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 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.