BlueCrest Capital Management Ltd Purchases New Holdings in VeriSign, Inc. (NASDAQ:VRSN)

BlueCrest Capital Management Ltd acquired a new position in shares of VeriSign, Inc. (NASDAQ:VRSN) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 3,000 shares of the information services provider’s stock, valued at approximately $570,000.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake 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 worth $4,585,000 after acquiring an additional 12,042 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in VeriSign by 26.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 580,613 shares of the information services provider’s stock valued at $110,293,000 after purchasing an additional 120,958 shares in the last quarter. KBC Group NV boosted its stake in VeriSign by 56.3% during the 3rd quarter. KBC Group NV now owns 17,495 shares of the information services provider’s stock worth $3,323,000 after purchasing an additional 6,303 shares during the last quarter. Prudential PLC boosted its stake in VeriSign by 50.4% during the 2nd quarter. Prudential PLC now owns 69,563 shares of the information services provider’s stock worth $12,368,000 after purchasing an additional 23,306 shares during the last quarter. Finally, Ibex Investors LLC purchased a new stake in shares of VeriSign during the second quarter worth $622,000. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

VeriSign Trading Down 2.3 %

NASDAQ:VRSN opened at $187.18 on Friday. The company has a market cap of $17.99 billion, a P/E ratio of 21.77 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 company’s 50-day moving average price is $184.42 and its 200-day moving average price is $180.54.

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

Insider Buying and Selling

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’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 completion of the sale, the executive vice president now owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.84% of the stock is currently owned by company insiders.

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.