Qsemble Capital Management LP Increases Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Qsemble Capital Management LP raised its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 360.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,646 shares of the information services provider’s stock after buying an additional 4,419 shares during the quarter. Qsemble Capital Management LP’s holdings in VeriSign were worth $1,073,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Troy Asset Management Ltd acquired a new position in VeriSign in the second quarter valued at approximately $109,040,000. Mackenzie Financial Corp lifted its position in shares of VeriSign by 836.8% during the 2nd quarter. Mackenzie Financial Corp now owns 473,187 shares of the information services provider’s stock worth $84,133,000 after buying an additional 422,676 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of VeriSign in the 2nd quarter valued at $67,914,000. Canoe Financial LP purchased a new position in shares of VeriSign in the 3rd quarter valued at $46,455,000. Finally, AQR Capital Management LLC grew its position in shares of VeriSign by 44.5% in the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock valued at $139,771,000 after buying an additional 242,884 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Insiders Place Their Bets

In related 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 in the company, valued at $6,382,670. This represents a 3.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.84% of the stock is currently owned by corporate insiders.

VeriSign Price Performance

Shares of VRSN opened at $185.16 on Wednesday. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $220.91. The stock has a market cap of $17.79 billion, a PE ratio of 21.53 and a beta of 0.91. The firm has a fifty day moving average price of $183.87 and a 200 day moving average price of $180.27.

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