Verisign INC (VRSN) Holder Renaissance Technologies LLC Has Increased Its Stake by $54.28 Million as Share Price Rose

VeriSign, Inc. (NASDAQ:VRSN) Logo

Renaissance Technologies Llc increased its stake in Verisign Inc (VRSN) by 4.27% based on its latest 2019Q1 regulatory filing with the SEC. Renaissance Technologies Llc bought 299,876 shares as the company’s stock rose 11.25% with the market. The hedge fund held 7.33M shares of the technology company at the end of 2019Q1, valued at $1.33B, up from 7.03 million at the end of the previous reported quarter. Renaissance Technologies Llc who had been investing in Verisign Inc for a number of months, seems to be bullish on the $26.18 billion market cap company. The stock increased 0.48% or $1.06 during the last trading session, reaching $219.65. About 276,296 shares traded. VeriSign, Inc. (NASDAQ:VRSN) has risen 53.08% since July 14, 2018 and is uptrending. It has outperformed by 48.65% the S&P500.

Renaissance Technologies Llc, which manages about $63.99B and $110.00B US Long portfolio, decreased its stake in Synchrony Finl (NYSE:SYF) by 1.50M shares to 1.44 million shares, valued at $46.00 million in 2019Q1, according to the filing. It also reduced its holding in Harris Corp Del (NYSE:HRS) by 111,100 shares in the quarter, leaving it with 231,459 shares, and cut its stake in Equinor Asa.

More notable recent VeriSign, Inc. (NASDAQ:VRSN) news were published by: Finance.Yahoo.com which released: “Is VeriSign, Inc.’s (NASDAQ:VRSN) High P/E Ratio A Problem For Investors? – Yahoo Finance” on July 11, 2019, also Finance.Yahoo.com with their article: “Here’s What Hedge Funds Think About Verisk Analytics, Inc. (VRSK) – Yahoo Finance” published on June 19, 2019, Nasdaq.com published: “Notable ETF Inflow Detected – FDN, EBAY, TWTR, VRSN – Nasdaq” on March 27, 2019. More interesting news about VeriSign, Inc. (NASDAQ:VRSN) were released by: Seekingalpha.com and their article: “VeriSign, Inc. (VRSN) CEO Jim Bidzos on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” published on February 07, 2019 as well as Streetinsider.com‘s news article titled: “Verisign Inc. (VRSN) Tops Q4 EPS by 37c, Slight Miss on Revenues – StreetInsider.com” with publication date: February 07, 2019.

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