VeriSign, Inc. (NASDAQ:VRSN) Position Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 27.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,027 shares of the information services provider’s stock after selling 37,338 shares during the quarter. JPMorgan Chase & Co. owned about 0.09% of VeriSign worth $22,321,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Gardner Lewis Asset Management L P grew its holdings in VeriSign by 30.1% in the 1st quarter. Gardner Lewis Asset Management L P now owns 25,180 shares of the information services provider’s stock worth $5,005,000 after buying an additional 5,827 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in VeriSign by 14.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 13,304 shares of the information services provider’s stock valued at $3,029,000 after purchasing an additional 1,667 shares in the last quarter. Burney Co. boosted its stake in VeriSign by 2.1% during the 2nd quarter. Burney Co. now owns 54,673 shares of the information services provider’s stock valued at $12,448,000 after purchasing an additional 1,135 shares in the last quarter. Amundi Asset Management US Inc. boosted its stake in VeriSign by 6.0% during the 1st quarter. Amundi Asset Management US Inc. now owns 158,376 shares of the information services provider’s stock valued at $31,478,000 after purchasing an additional 8,964 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in VeriSign by 71.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 228,446 shares of the information services provider’s stock valued at $45,406,000 after purchasing an additional 94,920 shares in the last quarter. 88.46% of the stock is owned by institutional investors and hedge funds.

In other news, Director Timothy Tomlinson sold 600 shares of the stock in a transaction on Monday, July 26th. The stock was sold at an average price of $223.56, for a total transaction of $134,136.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas C. Indelicarto sold 613 shares of the stock in a transaction on Tuesday, October 12th. The shares were sold at an average price of $204.98, for a total value of $125,652.74. The disclosure for this sale can be found here. Insiders have sold a total of 20,665 shares of company stock valued at $4,447,068 in the last quarter. Insiders own 1.27% of the company’s stock.

Shares of NASDAQ VRSN opened at $209.97 on Thursday. The stock has a fifty day moving average price of $213.83 and a two-hundred day moving average price of $217.32. The firm has a market cap of $23.49 billion, a P/E ratio of 38.11 and a beta of 0.79. VeriSign, Inc. has a 1 year low of $184.60 and a 1 year high of $234.56.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, July 22nd. The information services provider reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.01). The firm had revenue of $329.40 million for the quarter, compared to the consensus estimate of $328.16 million. VeriSign had a net margin of 48.49% and a negative return on equity of 44.73%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.32 earnings per share. On average, analysts predict that VeriSign, Inc. will post 5.38 EPS for the current year.

VeriSign Profile

VeriSign, Inc provides domain name registry services and Internet infrastructure, which enables Internet navigation for many of the world’s most recognized domain names. It enables the security, stability, and resiliency of key Internet infrastructure and services, including providing root zone maintainer services.

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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