VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont trimmed its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,226 shares of the information services provider’s stock after selling 299 shares during the quarter. Trust Co. of Vermont’s holdings in VeriSign were worth $993,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC grew its holdings in VeriSign by 0.3% in the first quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider’s stock valued at $4,077,000 after purchasing an additional 62 shares during the last quarter. Larson Financial Group LLC grew 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 valued at $329,000 after acquiring an additional 71 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in VeriSign by 6.7% during the 2nd 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 in the last quarter. Gateway Advisory LLC raised its position in VeriSign by 5.6% during the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock worth $273,000 after acquiring an additional 81 shares during the last quarter. Finally, Profund Advisors LLC lifted its holdings in shares of VeriSign by 4.8% in the second quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider’s stock valued at $319,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird restated a “neutral” rating and set a $200.00 price objective on shares of VeriSign in a research report on Thursday, June 27th.

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 3,684 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the sale, the executive vice president now owns 37,774 shares in the company, valued at $7,177,060. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the sale, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at $6,382,670. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas C. Indelicarto sold 3,684 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $190.00, for a total value of $699,960.00. Following the completion of the transaction, the executive vice president now directly owns 37,774 shares in the company, valued at $7,177,060. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,368 shares of company stock worth $1,399,920. Insiders own 0.84% of the company’s stock.

VeriSign Trading Up 1.0 %

VeriSign stock opened at $187.72 on Friday. The stock has a 50-day moving average price of $183.22 and a 200 day moving average price of $179.88. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91. The stock has a market cap of $18.70 billion, a PE ratio of 23.06 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.08. The business had revenue of $387.10 million during the quarter, compared to the consensus estimate of $385.80 million. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 earnings per share.

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.