VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in VeriSign, Inc. (NASDAQ:VRSN) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,837 shares of the information services provider’s stock after selling 1,578 shares during the period. New York State Teachers Retirement System’s holdings in VeriSign were worth $14,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of VRSN. 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 in the last quarter. UMB Bank n.a. raised its holdings in shares of VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after buying an additional 109 shares during the last quarter. Rothschild Investment LLC purchased a new position in VeriSign during the second quarter worth about $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in VeriSign during the second quarter worth about $39,000. Finally, Concord Wealth Partners raised its holdings in VeriSign by 93.2% during the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the 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 transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the sale, the executive vice president now directly owns 34,821 shares in the company, valued at $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the sale, the executive vice president now owns 33,593 shares in the company, valued at $6,382,670. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by corporate insiders.

VeriSign Stock Down 0.1 %

NASDAQ VRSN opened at $176.68 on Friday. The stock has a market capitalization of $16.98 billion, a P/E ratio of 20.54 and a beta of 0.91. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The firm has a 50-day moving average price of $183.84 and a 200 day moving average price of $179.42.

VeriSign (NASDAQ:VRSN) 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 firm had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.83 earnings per share.

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.