Northwest & Ethical Investments L.P. Sells 17,837 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Northwest & Ethical Investments L.P. lowered its position in VeriSign, Inc. (NASDAQ:VRSN) by 27.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,042 shares of the information services provider’s stock after selling 17,837 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in VeriSign were worth $8,746,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VRSN. Troy Asset Management Ltd purchased a new stake in VeriSign in the second quarter worth $109,040,000. Mackenzie Financial Corp increased its stake in VeriSign by 836.8% in 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 VeriSign during the 2nd quarter valued at about $67,914,000. Canoe Financial LP purchased a new stake in VeriSign in the 3rd quarter valued at about $46,455,000. Finally, AQR Capital Management LLC grew its stake in VeriSign by 44.5% in the 2nd 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 in the last quarter. Institutional investors own 92.90% of the company’s stock.

VeriSign Stock Performance

Shares of NASDAQ:VRSN opened at $191.63 on Friday. The firm’s 50 day simple moving average is $184.30 and its 200-day simple moving average is $180.43. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91. The firm has a market cap of $18.42 billion, a PE ratio of 22.28 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, topping the consensus estimate of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The company had revenue of $390.60 million for the quarter, compared to the consensus estimate of $390.19 million. During the same period last year, the business posted $1.83 EPS. VeriSign’s quarterly revenue was up 3.8% on a year-over-year basis.

Insider Activity at VeriSign

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $190.00, for a total transaction of $466,640.00. Following the transaction, the executive vice president now directly owns 34,821 shares in the company, valued at approximately $6,615,990. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is currently owned by corporate insiders.

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.