Jacobs Levy Equity Management Inc. Raises Position in VeriSign, Inc. (NASDAQ:VRSN)

Jacobs Levy Equity Management Inc. lifted its stake in shares of VeriSign, Inc. (NASDAQ:VRSNFree Report) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 693,369 shares of the information services provider’s stock after purchasing an additional 47,412 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.72% of VeriSign worth $131,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in VeriSign by 291.1% in the second 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 last quarter. UMB Bank n.a. increased its holdings in VeriSign by 117.2% in the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after buying an additional 109 shares during the period. Rothschild Investment LLC purchased a new position in shares of VeriSign during the 2nd quarter worth $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in VeriSign in the 2nd quarter valued at about $39,000. Finally, Concord Wealth Partners boosted its holdings in shares of VeriSign by 93.2% in the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 109 shares during the period. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other VeriSign 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 transaction, the executive vice president now directly owns 33,593 shares in the company, valued at approximately $6,382,670. This represents a 3.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is currently owned by company insiders.

VeriSign Stock Up 2.8 %

VRSN stock opened at $192.49 on Tuesday. The company has a market capitalization of $18.50 billion, a PE ratio of 22.38 and a beta of 0.92. The stock’s 50 day moving average is $184.62 and its two-hundred day moving average is $180.85. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91.

VeriSign (NASDAQ:VRSNGet Free Report) last posted its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative return on equity of 45.59% and a net margin of 55.74%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.83 EPS.

VeriSign Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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