5 Tech Stocks to Buy Now According to Billionaire Warren Buffett

4. Verisign, Inc. (NASDAQ:VRSN)

Berkshire Hathaway’s Stake Value: $2,144,436,000

Percentage of Berkshire Hathaway’s 13F Portfolio: 0.71%

Number of Hedge Fund Holders: 35

Verisign, Inc. (NASDAQ:VRSN), based in Reston, Virginia, is a leading global provider of domain name registry services and internet infrastructure. It enables the security, stability, and resiliency of key internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 global internet root servers, and providing registration services.

As of Q2 2022, Warren Buffett’s Berkshire Hathaway holds 12,815,613 shares of Verisign, Inc. (NASDAQ:VRSN), accounting for 0.71% of the 13F portfolio of the fund. Verisign, Inc. (NASDAQ:VRSN) has been part of the fund’s portfolio since Q2 2012 and the number of shares owned have only had minor changes since Q2 2014.

In July, Verisign, Inc. (NASDAQ:VRSN) released the financial results for second quarter of 2022. Its revenue increased by 7% y-o-y to $352 million, while its net income increased by 13% y-o-y to $167 million, for three months ended June 30, 2022. It reported a normalized EPS of $1.54, beating the consensus by $0.02.

As of Q2 2022, 35 of the 895 hedge funds tracked by Insider Monkey owned shares of Verisign, Inc. (NASDAQ:VRSN), valued at $4.1 billion. Verisign, Inc. (NASDAQ:VRSN) ranks #4 on the list of 10 tech stocks to buy now according to billionaire Warren Buffett based on the portfolio weight.