VMware, Inc. (VMW): Brookside Capital, Citadel Investment Group, Highbridge Capital Management, Dorsal Capital Management Love this Stock

VMware, Inc. (NYSE:VMW) was in 32 hedge funds’ portfolios at the end of the third quarter of 2013. VMW has seen an increase in enthusiasm from smart money recently. There were 29 hedge funds in hedge fund experts Insider Monkey’s database with VMW holdings at the end of the previous quarter.

According to iStockAnalyst: “VMware, Inc. (NYSE:VMW), along with Microsoft Corporation (NASDAQ:MSFT), should emerge as the biggest beneficiaries of the upcoming hybrid cloud infrastructure.”

Keeping this in mind, it’s important to take a look at the latest action regarding VMware, Inc. (NYSE:VMW).

VMware, Inc. (NYSE:VMW)

How have hedgies been trading VMware, Inc. (NYSE:VMW)?

Heading into Q2, a total of 32 of the hedge funds Insider Monkey tracks were bullish on this stock, a change of 10 percent from the second quarter. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were boosting their stakes substantially.

Of the funds we track, Brookside Capital, managed by Bain Capital, holds the most valuable position in VMware, Inc. (NYSE:VMW). Brookside Capital has a $165.5 million position in the stock, comprising 4.2 percent of its 13F portfolio. The second largest stake is held by Citadel Investment Group, managed by Ken Griffin, which held a $97.9 million position; 0.1 percent of its 13F portfolio is allocated to the stock. Remaining hedgies that are bullish include Glenn Russell Dubin’s Highbridge Capital Management, Ryan Frick and Oliver Evans’s Dorsal Capital Management and Israel Englander’s Millennium Management.

As industrywide interest jumped, key hedge funds have jumped into VMware, Inc. (NYSE:VMW) headfirst. Zenit Asset Management AB, managed by Patrik Brummer, assembled the biggest position in VMware, Inc. (NYSE:VMW). Zenit Asset Management AB had 20.8 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also made a $6.8 million investment in the stock during the quarter. The other funds with brand new VMW positions are Peter Muller’s PDT Partners, Joe DiMenna’s ZWEIG DIMENNA PARTNERS, and Jason Adler’s AlphaBet Management.

Insider trading activity in VMware, Inc. (NYSE:VMW)

Insider purchases made by high-level executives is at its handiest when the company in question has seen transactions within the past half-year. Over the last six-month time frame, VMware, Inc. (NYSE:VMW) has experienced zero unique insiders purchasing, and three insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to VMware, Inc. (NYSE:VMW). These stocks are Concur Technologies, Inc. (NASDAQ:CNQR), National Instruments Corp (NASDAQ:NATI), ANSYS, Inc. (NASDAQ:ANSS), Autodesk, Inc. (NASDAQ:ADSK), and Infosys Ltd ADR (NYSE:INFY). All of these stocks are in the technical & system software industry and their market caps are similar to VMW’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Concur Technologies, Inc. (NASDAQ:CNQR) 14 0 8
National Instruments Corp (NASDAQ:NATI) 6 0 4
ANSYS, Inc. (NASDAQ:ANSS) 20 0 7
Autodesk, Inc. (NASDAQ:ADSK) 35 0 7
Infosys Ltd ADR (NYSE:INFY) 17 0 0

At the end of Q3, VMware, Inc. was the second most widely held technical & system software industry stock among the hedge funds Insider Monkey tracks.


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