Squarepoint Ops LLC Has $4.59 Million Position in VeriSign, Inc. (NASDAQ:VRSN)

Squarepoint Ops LLC raised its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 980.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,820 shares of the information services provider’s stock after buying an additional 23,430 shares during the quarter. Squarepoint Ops LLC’s holdings in VeriSign were worth $4,591,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. ProShare Advisors LLC grew its position in shares of VeriSign by 0.3% in the 1st quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider’s stock valued at $4,077,000 after purchasing an additional 62 shares during the period. Larson Financial Group LLC grew its position in shares of VeriSign by 4.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider’s stock valued at $329,000 after purchasing an additional 71 shares during the period. V Square Quantitative Management LLC grew its position in shares of VeriSign by 7.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,098 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 74 shares during the period. Gateway Advisory LLC grew its position in shares of VeriSign by 5.6% in the 2nd 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 during the period. Finally, Profund Advisors LLC grew its position in shares of VeriSign by 4.8% in the 2nd 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 during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at VeriSign

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $190.00, for a total transaction of $466,640.00. Following the sale, the executive vice president now owns 34,821 shares in the company, valued at approximately $6,615,990. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $190.00, for a total transaction of $466,640.00. Following the sale, the executive vice president now owns 34,821 shares in the company, valued at approximately $6,615,990. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas C. Indelicarto sold 3,684 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $190.00, for a total value of $699,960.00. Following the sale, the executive vice president now owns 37,774 shares in the company, valued at approximately $7,177,060. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.

VeriSign Stock Down 0.4 %

NASDAQ:VRSN opened at $189.96 on Tuesday. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91. The business has a 50 day moving average price of $181.54 and a two-hundred day moving average price of $180.01. The company has a market cap of $18.54 billion, a P/E ratio of 23.34 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.08. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The firm had revenue of $387.10 million during the quarter, compared to the consensus estimate of $385.80 million. During the same quarter in the prior year, the firm posted $1.79 EPS. The business’s revenue was up 4.1% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VRSN. Robert W. Baird reiterated a “neutral” rating and issued a $200.00 price objective on shares of VeriSign in a research report on Thursday, June 27th. StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th.

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.