Pallas Capital Advisors LLC Purchases 2,747 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Pallas Capital Advisors LLC boosted its position in VeriSign, Inc. (NASDAQ:VRSN) by 84.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,991 shares of the information services provider’s stock after buying an additional 2,747 shares during the period. Pallas Capital Advisors LLC’s holdings in VeriSign were worth $1,109,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of VeriSign by 291.1% in the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 131 shares during the period. UMB Bank n.a. increased its holdings in VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after purchasing an additional 109 shares in the last quarter. Rothschild Investment LLC acquired a new position in VeriSign in the second quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VeriSign during the 2nd quarter worth approximately $39,000. Finally, Concord Wealth Partners grew its position in shares of VeriSign by 93.2% during the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after buying an additional 109 shares during the period. Institutional investors own 92.90% of the company’s stock.

VeriSign Stock Down 0.2 %

NASDAQ:VRSN opened at $178.77 on Wednesday. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91. The company has a fifty day moving average of $184.02 and a 200-day moving average of $179.52. The firm has a market capitalization of $17.81 billion, a P/E ratio of 21.96 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.06. The firm had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 earnings per share.

Insiders Place Their Bets

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction dated 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 transaction, the executive vice president now directly owns 33,593 shares in the company, valued at $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at $6,382,670. 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 at this link. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $190.00, for a total transaction of $466,640.00. Following the completion of the sale, the executive vice president now owns 34,821 shares of the company’s stock, valued at approximately $6,615,990. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

About VeriSign

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.