ClearAlpha Technologies LP Acquires 1,063 Shares of VeriSign, Inc. (NASDAQ:VRSN)

ClearAlpha Technologies LP increased its stake in VeriSign, Inc. (NASDAQ:VRSN) by 15.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,071 shares of the information services provider’s stock after acquiring an additional 1,063 shares during the quarter. ClearAlpha Technologies LP’s holdings in VeriSign were worth $1,533,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Paloma Partners Management Co acquired a new stake in shares of VeriSign in the 3rd quarter valued at about $514,000. Point72 Asia Singapore Pte. Ltd. bought a new position in VeriSign in the third quarter worth approximately $262,000. Point72 Hong Kong Ltd acquired a new stake in VeriSign in the third quarter valued at approximately $1,798,000. True Wealth Design LLC increased its holdings in shares of VeriSign by 16,966.7% during the third quarter. True Wealth Design LLC now owns 512 shares of the information services provider’s stock valued at $97,000 after acquiring an additional 509 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of VeriSign during the third quarter worth approximately $570,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Stock Down 2.3 %

Shares of VRSN opened at $187.18 on Monday. The stock has a market cap of $17.99 billion, a P/E ratio of 21.77 and a beta of 0.91. The business’s fifty day moving average is $184.42 and its 200 day moving average is $180.70. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $390.19 million. During the same period last year, the company earned $1.83 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis.

Insiders Place Their Bets

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign 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 transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at $6,382,670. The trade was a 3.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.