Tokio Marine Asset Management Co. Ltd. Buys 400 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 21.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,238 shares of the information services provider’s stock after purchasing an additional 400 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in VeriSign were worth $425,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC bought a new position in VeriSign in the 1st quarter valued at $223,000. Sei Investments Co. boosted its holdings in VeriSign by 133.6% in the first quarter. Sei Investments Co. now owns 37,213 shares of the information services provider’s stock valued at $7,052,000 after acquiring an additional 21,285 shares during the last quarter. Acadian Asset Management LLC increased its position in VeriSign by 7,443.1% in the first quarter. Acadian Asset Management LLC now owns 29,946 shares of the information services provider’s stock worth $5,673,000 after purchasing an additional 29,549 shares during the period. UniSuper Management Pty Ltd lifted its position in VeriSign by 44.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 16,016 shares of the information services provider’s stock valued at $3,035,000 after purchasing an additional 4,904 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of VeriSign by 1.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,284 shares of the information services provider’s stock valued at $20,915,000 after purchasing an additional 1,472 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Price Performance

VRSN opened at $180.88 on Friday. The firm has a 50 day simple moving average of $183.91 and a 200 day simple moving average of $179.53. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 21.03 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating the consensus estimate of $2.01 by $0.06. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The company had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $390.19 million. During the same quarter in the previous year, the company posted $1.83 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total value 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 represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.