Soros Capital Management LLC Purchases 2,710 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Soros Capital Management LLC boosted its position in VeriSign, Inc. (NASDAQ:VRSN) by 23.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 14,047 shares of the information services provider’s stock after acquiring an additional 2,710 shares during the period. Soros Capital Management LLC’s holdings in VeriSign were worth $2,668,000 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 VRSN. Blue Trust Inc. raised its stake in VeriSign by 291.1% in the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 131 shares during the period. UMB Bank n.a. raised its stake in VeriSign by 117.2% in the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 109 shares during the period. Rothschild Investment LLC bought a new stake in VeriSign in the 2nd quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VeriSign in the 2nd quarter valued at about $39,000. Finally, Concord Wealth Partners grew its holdings in VeriSign by 93.2% during the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after buying an additional 109 shares in the last quarter. 92.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the transaction, the executive vice president now owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.84% of the company’s stock.

VeriSign Stock Up 1.8 %

VRSN stock opened at $185.16 on Wednesday. The firm has a market capitalization of $17.79 billion, a PE ratio of 21.53 and a beta of 0.91. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91. The stock has a 50-day simple moving average of $183.87 and a two-hundred day simple moving average of $180.27.

VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.06. The business had revenue of $390.60 million during the quarter, compared to analyst estimates of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 EPS.

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.