Empowered Funds Increases Stake in VeriSign by 11.8%

VeriSign, Inc. has seen significant changes in its investor landscape and financial performance recently. Empowered Funds LLC increased its stake in VeriSign by 11.8%, contributing to a broader trend where institutional investors are modifying their holdings, with notable increases from Jacobs Levy Equity Management and BNP Paribas Financial Markets. Short interest in VeriSign dropped significantly by 16.7% in January, indicating a shift in market sentiment. Additionally, VeriSign reported a 4% increase in revenue for 2024, attributed to price hikes for .com and .net domains, despite facing a slight decline in domain registrations. The company's net income fell to $785.7 million, impacted by higher tax expenses, while earnings per share improved slightly. Overall, VeriSign is navigating a competitive landscape while maintaining a strong financial foundation.