Regent Investment Management LLC lessened its position in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 23.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,605 shares of the information services provider’s stock after selling 1,135 shares during the quarter. Regent Investment Management LLC’s holdings in VeriSign were worth $603,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in shares of VeriSign by 13.9% in the fourth quarter. HighTower Advisors LLC now owns 1,593 shares of the information services provider’s stock valued at $408,000 after purchasing an additional 195 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in VeriSign by 40.3% in the fourth quarter. JPMorgan Chase & Co. now owns 112,383 shares of the information services provider’s stock valued at $28,526,000 after purchasing an additional 32,253 shares during the period. O Shaughnessy Asset Management LLC raised its stake in VeriSign by 213.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,199 shares of the information services provider’s stock valued at $304,000 after buying an additional 816 shares in the last quarter. Invesco Ltd. increased its position in shares of VeriSign by 1.0% during the fourth quarter. Invesco Ltd. now owns 1,070,616 shares of the information services provider’s stock worth $271,745,000 after purchasing an additional 11,017 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of VeriSign by 2.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 12,686 shares of the information services provider’s stock worth $3,220,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 92.96% of the company’s stock.
Insider Transactions at VeriSign
In other VeriSign news, CEO D James Bidzos sold 12,707 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $200.04, for a total value of $2,541,908.28. Following the completion of the transaction, the chief executive officer now directly owns 687,051 shares in the company, valued at approximately $137,437,682.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Timothy Tomlinson sold 685 shares of the company’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 sale, the director now owns 15,692 shares in the company, valued at approximately $2,931,265.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO D James Bidzos sold 12,707 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $200.04, for a total transaction of $2,541,908.28. Following the sale, the chief executive officer now owns 687,051 shares of the company’s stock, valued at $137,437,682.04. The disclosure for this sale can be found here. Insiders have sold 16,685 shares of company stock valued at $3,340,848 in the last quarter. 0.98% of the stock is currently owned by corporate insiders.
VeriSign Trading Down 2.0 %
VeriSign (NASDAQ:VRSN – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The information services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. VeriSign had a negative return on equity of 47.84% and a net margin of 59.09%. The company had revenue of $351.90 million for the quarter, compared to analyst estimates of $348.77 million. During the same quarter in the previous year, the company earned $1.31 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, analysts forecast that VeriSign, Inc. will post 6.07 earnings per share for the current year.
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.
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