Entropy Technologies LP Lowers Position in VeriSign, Inc. (NASDAQ:VRSN)

Entropy Technologies LP trimmed its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 67.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,227 shares of the information services provider’s stock after selling 12,769 shares during the quarter. Entropy Technologies LP’s holdings in VeriSign were worth $1,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of VeriSign by 21.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,224 shares of the information services provider’s stock worth $20,320,000 after purchasing an additional 19,215 shares during the last quarter. Sei Investments Co. raised its position in shares of VeriSign by 133.6% during the 1st quarter. Sei Investments Co. now owns 37,213 shares of the information services provider’s stock valued at $7,052,000 after buying an additional 21,285 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of VeriSign by 99.1% during the 1st quarter. Janus Henderson Group PLC now owns 24,199 shares of the information services provider’s stock valued at $4,585,000 after buying an additional 12,042 shares in the last quarter. Acadian Asset Management LLC grew 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 acquiring an additional 29,549 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in VeriSign by 245.4% in the first quarter. Epoch Investment Partners Inc. now owns 334,652 shares of the information services provider’s stock valued at $63,420,000 after acquiring an additional 237,770 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.

VeriSign Price Performance

NASDAQ:VRSN opened at $184.99 on Thursday. The company has a market capitalization of $17.78 billion, a price-to-earnings ratio of 21.51 and a beta of 0.91. The business has a 50 day moving average of $183.90 and a 200 day moving average of $179.41. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $220.91.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share 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 during the quarter, compared to analyst estimates of $390.19 million. During the same quarter in the previous year, the company posted $1.83 EPS. VeriSign’s revenue for the quarter was up 3.8% on a year-over-year basis.

Insider Transactions at VeriSign

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

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.