Mirae Asset Global Investments Co. Ltd. Acquires 5,077 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Mirae Asset Global Investments Co. Ltd. grew its stake in VeriSign, Inc. (NASDAQ:VRSN) by 72.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,100 shares of the information services provider’s stock after acquiring an additional 5,077 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in VeriSign were worth $2,307,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VRSN. ProShare Advisors LLC boosted its position in VeriSign by 0.3% during the first 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 last quarter. Larson Financial Group LLC grew its stake 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 valued at $329,000 after buying an additional 71 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in VeriSign by 6.7% during 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 during the last quarter. Gateway Advisory LLC raised its position in VeriSign by 5.6% during the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock worth $273,000 after acquiring an additional 81 shares in the last quarter. Finally, Profund Advisors LLC lifted its stake in VeriSign by 4.8% in the second quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider’s stock valued at $319,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 92.90% of the company’s stock.

VeriSign Price Performance

Shares of VRSN opened at $177.39 on Thursday. The firm has a 50-day moving average of $183.96 and a 200-day moving average of $179.50. The company has a market cap of $17.67 billion, a PE ratio of 21.79 and a beta of 0.90. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91.

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

Insider Buying and Selling

In other VeriSign 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 transaction of $233,320.00. Following the completion of the sale, the executive vice president now owns 33,593 shares of the company’s stock, valued at $6,382,670. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $466,640.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 33,593 shares in the company, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.

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.