VeriSign, Inc. (NASDAQ:VRSN) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in VeriSign, Inc. (NASDAQ:VRSNGet Rating) by 30.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,118 shares of the information services provider’s stock after acquiring an additional 19,589 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.08% of VeriSign worth $18,490,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL boosted its holdings in VeriSign by 8.7% in the first quarter. Virginia Retirement Systems ET AL now owns 43,700 shares of the information services provider’s stock valued at $9,722,000 after acquiring an additional 3,500 shares during the last quarter. Amalgamated Bank lifted its stake in shares of VeriSign by 5.0% during the fourth quarter. Amalgamated Bank now owns 27,844 shares of the information services provider’s stock worth $7,067,000 after purchasing an additional 1,328 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of VeriSign during the first quarter worth about $363,000. Prudential PLC lifted its stake in shares of VeriSign by 52.5% during the first quarter. Prudential PLC now owns 26,023 shares of the information services provider’s stock worth $5,789,000 after purchasing an additional 8,964 shares in the last quarter. Finally, Ninety One North America Inc. lifted its stake in shares of VeriSign by 3.2% during the first quarter. Ninety One North America Inc. now owns 495,399 shares of the information services provider’s stock worth $110,206,000 after purchasing an additional 15,560 shares in the last quarter. Institutional investors and hedge funds own 92.96% of the company’s stock.

VeriSign Price Performance

Shares of VRSN opened at $175.03 on Friday. The stock’s 50-day moving average is $187.91 and its two-hundred day moving average is $189.50. The stock has a market cap of $18.78 billion, a PE ratio of 23.85 and a beta of 1.00. VeriSign, Inc. has a 12 month low of $155.25 and a 12 month high of $257.03.

VeriSign (NASDAQ:VRSNGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The information services provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.02. The company had revenue of $351.90 million for the quarter, compared to analysts’ expectations of $348.77 million. VeriSign had a negative return on equity of 47.84% and a net margin of 59.09%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share. On average, research analysts anticipate that VeriSign, Inc. will post 6.07 earnings per share for the current year.

Insider Transactions at VeriSign

In other news, Director Timothy Tomlinson sold 685 shares of VeriSign stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $186.80, for a total transaction of $127,958.00. Following the sale, the director now directly owns 15,692 shares of the company’s stock, valued at $2,931,265.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO D James Bidzos sold 3,293 shares of VeriSign stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $203.76, for a total transaction of $670,981.68. Following the sale, the chief executive officer now directly owns 682,601 shares of the company’s stock, valued at $139,086,779.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy Tomlinson sold 685 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $186.80, for a total value of $127,958.00. Following the completion of the sale, the director now directly owns 15,692 shares of the company’s stock, valued at $2,931,265.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,685 shares of company stock valued at $3,340,848. 0.98% of the stock is currently owned by insiders.

VeriSign Profile

(Get Rating)

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce.

Further Reading

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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