Swedbank AB Lowers Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Swedbank AB trimmed its position in VeriSign, Inc. (NASDAQ:VRSN) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,486 shares of the information services provider’s stock after selling 2,689 shares during the quarter. Swedbank AB’s holdings in VeriSign were worth $8,641,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empirical Finance LLC boosted its position in shares of VeriSign by 1.9% in the third quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider’s stock worth $577,000 after purchasing an additional 57 shares during the period. West Family Investments Inc. boosted its holdings in VeriSign by 3.9% in the 3rd quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider’s stock worth $292,000 after buying an additional 57 shares during the period. Larson Financial Group LLC increased its stake in VeriSign by 4.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider’s stock worth $329,000 after buying an additional 71 shares in the last quarter. V Square Quantitative Management LLC raised 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 valued at $208,000 after acquiring an additional 74 shares during the period. Finally, Gateway Advisory LLC lifted its position in shares of VeriSign by 5.6% in the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock valued at $273,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 33,593 shares in the company, valued at $6,382,670. This trade represents a 3.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by insiders.

VeriSign Trading Up 1.8 %

NASDAQ:VRSN opened at $185.16 on Wednesday. The stock has a 50-day moving average price of $183.87 and a 200 day moving average price of $180.27. The stock has a market capitalization of $17.79 billion, a P/E ratio of 21.53 and a beta of 0.91. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91.

VeriSign (NASDAQ:VRSN) last announced 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 business had revenue of $390.60 million during the quarter, compared to analyst estimates of $390.19 million. During the same period last year, the firm posted $1.83 EPS. The company’s revenue was up 3.8% on a year-over-year basis.

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.