Berkshire Hathaway Adds to VeriSign Stake

Berkshire Hathaway, founded by billionaire investor Warren Buffett, has recently increased the size of its position in VeriSign, we learned according to GuruFocus Real Time Picks. In total, Berkshire Hathaway added another 11.12% to their overall position. They increased their stake from 11,685,654 shares to a total of 12,985,000 shares. This equates to owning 10.4% of the company. On the day of the transaction, which was July 31 of 2014, the stock closed at $54.05 per share. To date, VeriSign shares have dropped by 10% this year and are below their 52-week high of $62.96 that was reached in January.

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