5 Tech Stocks to Invest in Today According to Thomas E. Claugus’ GMT Capital

4. VMware, Inc. (NYSE: VMW)

Claugus’ Stake Value: $52,737,000
Percentage of Thomas E. Claugus’ 13F Portfolio: 3.93%
Number of Hedge Fund Holders: 28

VMware, Inc. (NYSE: VMW) delivers software in the areas of hybrid and multi-cloud, contemporary apps, networking, security, and digital workspaces. The company was founded in 1998 and ranks fourth on the list of 10 tech stocks to invest in today according to Thomas E. Claugus’ GMT Capital. VMware, Inc. (NYSE: VMW) currently has a market capitalization of $59.18 billion.

On September 3, VMware, Inc. (NYSE: VMW) announced earnings for the second quarter of 2021. It declared earnings of $1.75, beating the market predictions by $0.11. On September 2, Citi analyst Tyler Radke raised the price target on VMware, Inc. (NYSE: VMW) to $190 from $178 and maintained a “Buy” rating on the shares. 

Thomas E. Claugus’ GMT Capital currently holds 329,670 shares of VMware, Inc. (NYSE: VMW), worth $52.74 million. However, the hedge fund has reduced its stake in the firm by 12% in the second quarter of 2021. Overall, hedge funds are loading up on VMware, Inc. (NYSE: VMW), as 28 out of 873 funds tracked by Insider Monkey held stakes in the company in the second quarter of 2021, compared to 25 funds a quarter earlier. Two Sigma Advisors is the most significant stakeholder in the company, with 1.26 million shares worth over $201.21 million.