Sumitomo Mitsui Trust Group Inc. Sells 5,518 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Sumitomo Mitsui Trust Group Inc. reduced its stake in VeriSign, Inc. (NASDAQ:VRSN) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,474 shares of the information services provider’s stock after selling 5,518 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.24% of VeriSign worth $43,971,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of VeriSign by 291.1% during the second 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 in the last quarter. UMB Bank n.a. increased its position in shares of VeriSign by 117.2% during the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 109 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of VeriSign during the second quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VeriSign during the second quarter valued at approximately $39,000. Finally, Concord Wealth Partners increased its position in shares of VeriSign by 93.2% during the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 109 shares in the last quarter. 92.90% of the stock is owned by institutional investors.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of the business’s stock in a transaction on 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 directly owns 34,821 shares in the company, valued at approximately $6,615,990. The trade was a 6.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.84% of the company’s stock.

VeriSign Stock Down 1.9 %

Shares of VRSN opened at $180.88 on Friday. The company has a market capitalization of $17.38 billion, a P/E ratio of 21.41 and a beta of 0.91. The firm has a 50 day moving average of $183.92 and a 200 day moving average of $179.49. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91.

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