Ninety One UK Ltd Discloses 5.0% Stake in Verisign Inc.

Ticker: VRSN · Form: SC 13G · Filed: 2024-02-13T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, passive-investment, SC-13G

TL;DR

**Ninety One UK Ltd just revealed a 5.0% stake in Verisign, signaling institutional confidence.**

AI Summary

Ninety One UK Ltd, an investment management firm, reported on February 13, 2024, that as of December 31, 2023, they beneficially own 5.0% of Verisign Inc.'s common stock. This filing indicates a significant passive investment by Ninety One UK Ltd in Verisign, a company known for managing critical internet infrastructure. For current or prospective Verisign shareholders, this signals that a large institutional investor sees value in the company, potentially adding a layer of stability or confidence to the stock.

Why It Matters

This filing reveals a major institutional investor's significant stake in Verisign, which can influence market perception and potentially provide a floor for the stock price.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by an institutional holder, which generally poses low risk to the company or its shareholders.

Analyst Insight

A smart investor would note this institutional backing as a positive signal, potentially reducing perceived risk, but should still conduct their own due diligence on Verisign's fundamentals.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who is the reporting person in this SC 13G filing?

The reporting person is Ninety One UK Ltd, as stated in the 'NAMES OF REPORTING PERSONS' section of the Schedule 13G.

What is the subject company whose securities are being reported?

The subject company is Verisign Inc, as identified in the 'Name of Issuer' section of the Schedule 13G and the 'SUBJECT COMPANY' data.

What is the CUSIP number for the class of securities reported?

The CUSIP number for the Common Stock, USD 0.001, of Verisign Inc is 92343E102, as listed on the Schedule 13G cover page.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 31, 2023, as specified in the Schedule 13G.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), indicated by the checked box on the form.

From the Filing

0001140361-24-007393.txt : 20240213 0001140361-24-007393.hdr.sgml : 20240213 20240213151315 ACCESSION NUMBER: 0001140361-24-007393 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 GROUP MEMBERS: NINETY ONE PLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VERISIGN INC/CA CENTRAL INDEX KEY: 0001014473 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] ORGANIZATION NAME: 06 Technology IRS NUMBER: 943221585 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-54923 FILM NUMBER: 24625101 BUSINESS ADDRESS: STREET 1: 12061 BLUEMONT WAY STREET 2: ATTN: GENERAL COUNSEL CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 7039483200 MAIL ADDRESS: STREET 1: 12061 BLUEMONT WAY STREET 2: ATTN: GENERAL COUNSEL CITY: RESTON STATE: VA ZIP: 20190 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ninety One UK Ltd CENTRAL INDEX KEY: 0001418329 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 55 GRESHAM STREET CITY: LONDON STATE: X0 ZIP: EC2V 7EL BUSINESS PHONE: 020 7597 2000 MAIL ADDRESS: STREET 1: 55 GRESHAM STREET CITY: LONDON STATE: X0 ZIP: EC2V 7EL FORMER COMPANY: FORMER CONFORMED NAME: Investec Asset Management LTD DATE OF NAME CHANGE: 20071114 SC 13G 1 ef20021580_sc13g.htm SC 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.  20549   SCHEDULE 13G Under the Securities Exchange Act of 1934   INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934   Verisign Inc (Name of Issuer)     Common Stock, USD 0.001   (Title of Class of Securities)   92343E102 (CUSIP Number)   December 31, 2023 (Date of Event Which Requires Filing of this Statement)   Check the appropriate box to designate the rule pursuant to which this Schedule is filed:   ☒   Rule 13d-1(b) ☐   Rule 13d-1(c) ☐   Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G CUSIP • 92343E102      1 NAMES OF REPORTING PERSONS     Ninety One UK Ltd         2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) ☐     (b) ☒     3 SEC USE ONLY               4 CITIZENSHIP OR PLACE OF ORGANIZATION     United Kingdom         NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER     0         6 SHARED VOTING POWER     3,709,420         7 SOLE DISPOSITIVE POWER     0         8 SHARED DISPOSITIVE POWER     5,234,855         9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON     5,234,855         10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)     ☐         11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)     5.13%         12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)     FI           SCHEDULE 13G       &#

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