Fundsmith Reduces $44M in VeriSign, Inc. ($VRSN)
Key Points
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Fundsmith reduced its position in VeriSign, Inc. ($VRSN) by 58.07% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,467 shares of VeriSign, Inc. after selling 157,167 shares during the quarter. Fundsmith's holdings in VeriSign, Inc. were worth $31.76 million as of its most recent filing.
VeriSign, Inc. Stock Down 4.1%
Shares of VeriSign, Inc. ($VRSN) traded around $279.89 on Saturday, down 4.1% for the day.
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About VeriSign, Inc.
VeriSign, Inc., together with its subsidiaries, provides internet infrastructure and domain name registry services that enables internet navigation for various recognized domain names worldwide. The company provides 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. It operates directory for .name and .cc; and back-end systems for .edu, domain names. The company was incorporated in 1995 and is headquartered in Reston, Virginia.
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