Kentucky Retirement Systems Insurance Trust Fund Has $472,000 Position in VeriSign, Inc. (NASDAQ:VRSN)

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 11.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,485 shares of the information services provider’s stock after selling 310 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in VeriSign were worth $472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Troy Asset Management Ltd acquired a new position in shares of VeriSign during the second quarter worth $109,040,000. Mackenzie Financial Corp lifted its holdings in VeriSign by 836.8% during the 2nd quarter. Mackenzie Financial Corp now owns 473,187 shares of the information services provider’s stock worth $84,133,000 after buying an additional 422,676 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in shares of VeriSign in the 2nd quarter valued at about $67,914,000. Canoe Financial LP acquired a new stake in shares of VeriSign in the third quarter valued at about $46,455,000. Finally, AQR Capital Management LLC raised its position in shares of VeriSign by 44.5% during the second quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock worth $139,771,000 after acquiring an additional 242,884 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.84% of the company’s stock.

VeriSign Price Performance

Shares of VRSN stock opened at $179.20 on Tuesday. The stock has a market capitalization of $17.22 billion, a PE ratio of 20.84 and a beta of 0.91. The business’s 50 day simple moving average is $183.85 and its 200 day simple moving average is $179.73. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 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 company had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. During the same period in the prior year, the firm posted $1.83 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis.

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.