ClearAlpha Technologies LP Increases Position in VeriSign, Inc. (NASDAQ:VRSN)

ClearAlpha Technologies LP lifted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 15.2% in the third quarter, HoldingsChannel.com reports. The fund owned 8,071 shares of the information services provider’s stock after acquiring an additional 1,063 shares during the period. ClearAlpha Technologies LP’s holdings in VeriSign were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Janus Henderson Group PLC increased its position in shares of VeriSign by 99.1% during the 1st 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 last quarter. BNP Paribas Financial Markets increased its holdings in VeriSign by 26.3% during the third quarter. BNP Paribas Financial Markets now owns 580,613 shares of the information services provider’s stock worth $110,293,000 after buying an additional 120,958 shares during the last quarter. KBC Group NV raised its position in VeriSign by 56.3% in 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 during the period. Prudential PLC boosted its stake in VeriSign by 50.4% in the second quarter. Prudential PLC now owns 69,563 shares of the information services provider’s stock valued at $12,368,000 after acquiring an additional 23,306 shares during the last quarter. Finally, Ibex Investors LLC bought a new position in shares of VeriSign during the 2nd quarter valued at approximately $622,000. 92.90% of the stock is currently owned by institutional investors.

Insider Transactions at VeriSign

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of the transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at $6,382,670. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.84% of the company’s stock.

VeriSign Trading Down 2.3 %

NASDAQ:VRSN opened at $187.18 on Monday. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The firm’s 50 day moving average is $184.42 and its 200 day moving average is $180.70. The stock has a market capitalization of $17.99 billion, a PE ratio of 21.77 and a beta of 0.91.

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

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.