BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 10,206 Shares of VeriSign, Inc. (NASDAQ:VRSN)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 2.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 365,532 shares of the information services provider’s stock after acquiring an additional 10,206 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in VeriSign were worth $69,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in VeriSign by 2.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,832 shares of the information services provider’s stock worth $728,000 after acquiring an additional 107 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of VeriSign by 186.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,620 shares of the information services provider’s stock worth $688,000 after purchasing an additional 2,355 shares in the last quarter. West Family Investments Inc. increased its stake in shares of VeriSign by 3.9% in the third quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider’s stock worth $292,000 after purchasing an additional 57 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of VeriSign in the third quarter valued at approximately $392,000. Finally, Mawer Investment Management Ltd. lifted its stake in shares of VeriSign by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 64,361 shares of the information services provider’s stock valued at $12,226,000 after buying an additional 2,008 shares in the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

VeriSign Trading Up 1.9 %

VeriSign stock opened at $184.91 on Friday. The firm has a 50 day simple moving average of $183.88 and a 200 day simple moving average of $179.85. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $220.91. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 21.50 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $390.19 million. During the same period in the previous year, the company posted $1.83 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Insider Activity at VeriSign

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction on Tuesday, October 15th. The stock was 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 owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is 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.