Bridgewater Associates LP Purchases 55,953 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Bridgewater Associates LP raised its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 68.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,408 shares of the information services provider’s stock after buying an additional 55,953 shares during the quarter. Bridgewater Associates LP owned 0.14% of VeriSign worth $26,102,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in shares of VeriSign by 99.1% in the 1st quarter. Janus Henderson Group PLC now owns 24,199 shares of the information services provider’s stock worth $4,585,000 after buying an additional 12,042 shares in the last quarter. Tidal Investments LLC raised its stake in VeriSign by 41.0% during the first quarter. Tidal Investments LLC now owns 20,036 shares of the information services provider’s stock worth $3,797,000 after acquiring an additional 5,825 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of VeriSign by 5.3% during the first quarter. iA Global Asset Management Inc. now owns 4,685 shares of the information services provider’s stock valued at $888,000 after acquiring an additional 236 shares during the period. Swedbank AB acquired a new stake in shares of VeriSign in the 1st quarter valued at $9,005,000. Finally, PGGM Investments grew its holdings in shares of VeriSign by 0.8% in the 1st quarter. PGGM Investments now owns 79,903 shares of the information services provider’s stock worth $15,142,000 after purchasing an additional 648 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Stock Performance

Shares of VRSN stock opened at $191.63 on Thursday. The stock’s fifty day moving average is $184.12 and its 200-day moving average is $180.35. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91. The stock has a market capitalization of $18.42 billion, a PE ratio of 22.28 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last posted its quarterly 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. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The business had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. During the same period last year, the company earned $1.83 EPS. The firm’s revenue was up 3.8% on a year-over-year basis.

Insider Activity

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of 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 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is currently owned by company insiders.

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.