QRG Capital Management Inc. Lowers Position in VeriSign, Inc. (NASDAQ:VRSN)

QRG Capital Management Inc. lessened its stake in VeriSign, Inc. (NASDAQ:VRSN) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,705 shares of the information services provider’s stock after selling 223 shares during the quarter. QRG Capital Management Inc.’s holdings in VeriSign were worth $704,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. ProShare Advisors LLC lifted its holdings in shares of VeriSign by 0.3% in the first quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider’s stock worth $4,077,000 after buying an additional 62 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of VeriSign by 4.0% in the second quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider’s stock worth $329,000 after buying an additional 71 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of VeriSign by 6.7% in the second quarter. V Square Quantitative Management LLC now owns 1,172 shares of the information services provider’s stock worth $208,000 after buying an additional 74 shares in the last quarter. Gateway Advisory LLC raised its stake in VeriSign by 5.6% during the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock valued at $273,000 after purchasing an additional 81 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in VeriSign by 4.8% during the second quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider’s stock valued at $319,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

VeriSign Stock Down 1.3 %

VeriSign stock opened at $183.56 on Friday. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The company has a market cap of $17.64 billion, a price-to-earnings ratio of 21.34 and a beta of 0.91. The firm’s fifty day moving average is $183.90 and its 200 day moving average is $179.42.

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

Insider Activity

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction 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 owns 34,821 shares of the company’s stock, valued at approximately $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the transaction, the executive vice president now directly owns 34,821 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the company’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 in the company, valued at approximately $6,382,670. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

VeriSign Company 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.