BNP Paribas Financial Markets Purchases 120,958 Shares of VeriSign, Inc. (NASDAQ:VRSN)

BNP Paribas Financial Markets increased its position in VeriSign, Inc. (NASDAQ:VRSN) by 26.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 580,613 shares of the information services provider’s stock after acquiring an additional 120,958 shares during the quarter. BNP Paribas Financial Markets owned about 0.60% of VeriSign worth $110,293,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its position in shares of VeriSign by 99.1% in the first quarter. Janus Henderson Group PLC now owns 24,199 shares of the information services provider’s stock valued at $4,585,000 after purchasing an additional 12,042 shares during the period. KBC Group NV lifted its position in shares of VeriSign by 56.3% during the third quarter. KBC Group NV now owns 17,495 shares of the information services provider’s stock worth $3,323,000 after acquiring an additional 6,303 shares in the last quarter. Prudential PLC raised its stake 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 valued at $12,368,000 after purchasing an additional 23,306 shares during the period. Ibex Investors LLC bought a new position in VeriSign in the 2nd quarter worth about $622,000. Finally, Asset Management Advisors LLC bought a new position in VeriSign in the 2nd quarter worth about $5,071,000. 92.90% of the stock is currently owned by institutional investors.

VeriSign Trading Up 1.8 %

Shares of VeriSign stock opened at $185.16 on Wednesday. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The company has a market cap of $17.79 billion, a price-to-earnings ratio of 21.53 and a beta of 0.91. The company’s 50-day moving average price is $183.87 and its 200-day moving average price is $180.27.

VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, topping 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 business had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $390.19 million. During the same period in the previous year, the business earned $1.83 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis.

Insider Activity at VeriSign

In related news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the transaction, the executive vice president now owns 34,821 shares of the company’s stock, valued at $6,615,990. This represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is currently owned by insiders.

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.