Healthcare of Ontario Pension Plan Trust Fund Buys 3,506 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 245.5% in the 2nd quarter, Holdings Channel reports. The firm owned 4,934 shares of the information services provider’s stock after purchasing an additional 3,506 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in VeriSign were worth $1,123,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Eagle Bay Advisors LLC acquired a new stake in shares of VeriSign in the 2nd quarter valued at about $26,000. Arkadios Wealth Advisors boosted its stake in VeriSign by 108.6% during the 2nd quarter. Arkadios Wealth Advisors now owns 121 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 63 shares during the last quarter. Advisory Services Network LLC acquired a new position in VeriSign during the 2nd quarter valued at about $29,000. Founders Financial Alliance LLC acquired a new position in VeriSign during the 1st quarter valued at about $36,000. Finally, Alpha Paradigm Partners LLC acquired a new position in VeriSign during the 1st quarter valued at about $40,000. 88.46% of the stock is owned by institutional investors and hedge funds.

VeriSign stock opened at $209.97 on Thursday. VeriSign, Inc. has a 52 week low of $184.60 and a 52 week high of $234.56. The company’s 50 day moving average price is $213.83 and its two-hundred day moving average price is $217.32. The stock has a market cap of $23.49 billion, a P/E ratio of 38.11 and a beta of 0.79.

VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, July 22nd. The information services provider reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.01). VeriSign had a negative return on equity of 44.73% and a net margin of 48.49%. The firm had revenue of $329.40 million for the quarter, compared to the consensus estimate of $328.16 million. During the same period in the prior year, the business earned $1.32 EPS. VeriSign’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that VeriSign, Inc. will post 5.38 EPS for the current fiscal year.

In other news, Director Timothy Tomlinson sold 600 shares of the business’s stock in a transaction on Monday, July 26th. The shares were sold at an average price of $223.56, for a total transaction of $134,136.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction on Wednesday, July 21st. The stock was sold at an average price of $229.21, for a total transaction of $140,505.73. Following the completion of the transaction, the executive vice president now owns 54,873 shares of the company’s stock, valued at $12,577,440.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,665 shares of company stock worth $4,447,068. Insiders own 1.27% of the company’s stock.

About VeriSign

VeriSign, Inc provides domain name registry services and Internet infrastructure, which enables Internet navigation for many of the world’s most recognized domain names. It enables the security, stability, and resiliency of key Internet infrastructure and services, including providing root zone maintainer services.

Featured Article: What is the price-sales ratio?

Want to see what other hedge funds are holding VRSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VeriSign, Inc. (NASDAQ:VRSN).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

Receive News & Ratings for VeriSign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign and related companies with MarketBeat.com's FREE daily email newsletter.