Entropy Technologies LP Sells 12,769 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Entropy Technologies LP decreased its stake in VeriSign, Inc. (NASDAQ:VRSN) by 67.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,227 shares of the information services provider’s stock after selling 12,769 shares during the period. Entropy Technologies LP’s holdings in VeriSign were worth $1,183,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VRSN. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of VeriSign by 21.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,224 shares of the information services provider’s stock worth $20,320,000 after buying an additional 19,215 shares in the last quarter. Sei Investments Co. increased its holdings in VeriSign by 133.6% in the 1st quarter. Sei Investments Co. now owns 37,213 shares of the information services provider’s stock worth $7,052,000 after purchasing an additional 21,285 shares in the last quarter. Janus Henderson Group PLC raised its position in VeriSign by 99.1% in the first quarter. Janus Henderson Group PLC now owns 24,199 shares of the information services provider’s stock valued at $4,585,000 after purchasing an additional 12,042 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of VeriSign by 7,443.1% during the first quarter. Acadian Asset Management LLC now owns 29,946 shares of the information services provider’s stock valued at $5,673,000 after purchasing an additional 29,549 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in shares of VeriSign by 245.4% during the first quarter. Epoch Investment Partners Inc. now owns 334,652 shares of the information services provider’s stock worth $63,420,000 after purchasing an additional 237,770 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Price Performance

Shares of NASDAQ VRSN opened at $184.99 on Thursday. The company has a 50 day simple moving average of $183.90 and a 200 day simple moving average of $179.41. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The firm has a market cap of $17.78 billion, a PE ratio of 21.51 and a beta of 0.91.

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

Insiders Place Their Bets

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value 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 approximately $6,382,670. This 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 business’s 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 transaction, the executive vice president now owns 34,821 shares in the company, valued at approximately $6,615,990. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction 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 directly owns 33,593 shares in the company, valued at approximately $6,382,670. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.