Aviva PLC Has $121.94 Million Holdings in Broadcom Inc (NASDAQ:AVGO)

Aviva PLC trimmed its holdings in Broadcom Inc (NASDAQ:AVGO) by 6.3% during the second quarter, according to the company in its most recent …

Broadcom logoAviva PLC trimmed its holdings in Broadcom Inc (NASDAQ:AVGO) by 6.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 423,616 shares of the semiconductor manufacturer’s stock after selling 28,600 shares during the period. Broadcom accounts for approximately 0.8% of Aviva PLC’s holdings, making the stock its 20th largest holding. Aviva PLC owned approximately 0.11% of Broadcom worth $121,942,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. First Trust Advisors LP boosted its position in Broadcom by 34.4% during the 2nd quarter. First Trust Advisors LP now owns 763,392 shares of the semiconductor manufacturer’s stock valued at $219,750,000 after purchasing an additional 195,381 shares during the period. BancorpSouth Bank boosted its position in Broadcom by 8.9% during the 2nd quarter. BancorpSouth Bank now owns 11,047 shares of the semiconductor manufacturer’s stock valued at $3,179,000 after purchasing an additional 905 shares during the period. Endurance Wealth Management Inc. boosted its position in Broadcom by 8.4% during the 2nd quarter. Endurance Wealth Management Inc. now owns 7,575 shares of the semiconductor manufacturer’s stock valued at $2,181,000 after purchasing an additional 585 shares during the period. Investec Asset Management LTD boosted its position in Broadcom by 29.9% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the semiconductor manufacturer’s stock valued at $150,413,000 after purchasing an additional 149,285 shares during the period. Finally, Investec Asset Management North America Inc. boosted its position in Broadcom by 7.0% during the 2nd quarter. Investec Asset Management North America Inc. now owns 66,209 shares of the semiconductor manufacturer’s stock valued at $19,059,000 after purchasing an additional 4,343 shares during the period. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Bryan Ingram sold 13,466 shares of the company’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $278.78, for a total transaction of $3,754,051.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hock E. Tan sold 20,000 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $264.00, for a total value of $5,280,000.00. The disclosure for this sale can be found here. Insiders sold 65,388 shares of company stock worth $18,198,482 in the last 90 days. Corporate insiders own 3.30% of the company’s stock.

A number of research firms recently issued reports on AVGO. SunTrust Banks reduced their price objective on Broadcom to $307.00 and set a “buy” rating for the company in a research report on Friday, June 14th. DA Davidson reduced their price target on Broadcom to $300.00 and set a “buy” rating for the company in a research report on Friday, June 14th. Zacks Investment Research upgraded Broadcom from a “sell” rating to a “hold” rating and set a $279.00 price target for the company in a research report on Tuesday, June 18th. ValuEngine lowered Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Summit Insights upgraded Broadcom from a “hold” rating to a “buy” rating and set a $253.03 price target for the company in a research report on Friday, June 14th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $304.32.

NASDAQ:AVGO traded down $0.73 during trading hours on Friday, hitting $282.64. 1,123,504 shares of the company’s stock traded hands, compared to its average volume of 2,078,286. The stock’s fifty day moving average price is $283.48 and its two-hundred day moving average price is $286.32. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.13 and a current ratio of 1.26. Broadcom Inc has a twelve month low of $208.23 and a twelve month high of $323.20. The firm has a market cap of $112.80 billion, a P/E ratio of 15.01, a P/E/G ratio of 1.39 and a beta of 0.92.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, June 13th. The semiconductor manufacturer reported $5.21 EPS for the quarter, beating analysts’ consensus estimates of $5.18 by $0.03. Broadcom had a return on equity of 32.81% and a net margin of 15.92%. The firm had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the company posted $4.88 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that Broadcom Inc will post 17.23 earnings per share for the current year.

Broadcom Company Profile

Broadcom Inc designs, develops, and supplies a range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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Global Application Performance Management Research Report 2026 With Top Companies Profile …

Global Application Performance Management Research Report 2026 With Top Companies Profile like Broadcom, IBM Corporation, HP Development …

Global Application Performance Management Market is expected to rise significantly in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be identifications of complications associated with application development and application performance in the long run. Few of the major competitors currently working in the Application Performance Management market are Broadcom, IBM Corporation, HP Development Company L.P., Unravel Data, Pepperdata Inc., AppDynamics, Oracle, Compuware Corporation, Microsoft, SAS Institute Inc., SAP SE, Adobe, Salesforce.com inc., JDA Software Group Inc., Infor, Fair Isaac Corporation, Webtrends, Dynatrace LLC, BMC Software Inc., Cisco, Dell, Riverbed Technology, Splunk Inc., New Relic Inc., FUJITSU, MuleSoft LLC and Zoho Corp.

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Global Application Performance Management Market By Solution Type (Software, Services), Deployment Type (On-Premise, Cloud, Hybrid), Access Type (Web, Mobile), End-User (BFSI, E-Commerce, Manufacturing, Healthcare, Retail, IT & Telecommunications, Media & Entertainment, Academics, Government, Others), Organization Size (SMEs, Large Enterprises), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Competitive Analysis:

Global Application Performance Management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Application Performance Management market for global, Europe, North America, Asia Pacific and South America.

Market Definition:

Application Performance Management can be defined as the monitoring systems for the application that are utilized in the identification of performance, tweaking out the glitches, if present and running systems check on the overall operations of the application. These monitoring systems are deployed whether over the cloud, or directly on the server of the application. These monitoring systems are also used for in the application development processes so that any glitches can be diagnosed before the application rolls out to the consumer for end-use.

Market Drivers:

  • Introduction of new technology and innovations in the market enabling the customers to remotely monitor their application and monitor their performances in real-time; this factor is expected to act as a driver for the market growth
  • Rising levels of adoption of mobile and cloud computing along with the rise in complexity levels of applications in their development and operations resulting in enhanced need of the product is expected to act as a driver for the market growth

Market Restraints:

  • Lack of standard measures resulting in different methods of performance measuring by the different players is expected to act as a restraint to the market growth
  • Requirement of large capital investments along with the lack of awareness regarding the benefits from the various end-users is also expected to restrain the market growth

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Market Segmentation: Global Application Performance Management Market

  • By Solution Type
    • Software
    • Services
  • By Deployment Type
    • On-Premise
    • Cloud
    • Hybrid
  • By Access Type
    • Web
    • Mobile
  • End-User
    • BFSI
    • E-Commerce
    • Manufacturing
    • Healthcare
    • Retail
    • IT & Telecommunications
    • Media & Entertainment
    • Academics
    • Government
    • Others
  • By Organization Size
    • SMEs
    • Large Enterprises

Key Developments in the Market:

  • In November 2018, Broadcom announced that they had completed the acquisition of CA Technologies. With this acquisition Broadcom are better placed to serve their customers with infrastructure software solutions.
  • In March 2018, Pepperdata Inc. announced the launch of Application Spotlight. It helps the developers in processing the application performances, tweaking the performance changes so that the chances of failure of the application are reduced significantly.
  • In January 2018, Unravel Data announced that they had secured USD 15 million in Series B funding helping the total finances of the company to reach USD 23 million. The funding led by GGV Capital, Microsoft Ventures and Menlo Ventures is expected to significantly the solution providing capabilities of the company, enhancing their workforce and infrastructure.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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DevOps Market Top Key Competitors are Cisco, Clarive, CollabNet, DBmaestro, Dell, Docker, HP …

DevOps Market Top Key Competitors are Cisco, Clarive, CollabNet, DBmaestro, Dell, Docker, HP, Inedo, Infosys, Microsoft, SaltStack, VersionOne, …

“The Latest Research Report DevOps Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2019 – 2026 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. – Data Bridge Market Research”

Global DevOps Market accounted for USD 2.95 billion in 2017 and is projected to grow at a CAGR of 25.1% the forecast period to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period to 2025.

Get Free Sample Report at https://databridgemarketresearch.com/request-a-sample/?dbmr=global-devops-market

The renowned players in the market are CA Technologies, IBM Corp., Puppet Inc., Rackspace Inc., Red Hat Inc., CFEngine, Chef, Cisco, Clarive, CollabNet, DBmaestro, Dell, Docker, HP, Inedo, Infosys, Microsoft, SaltStack, VersionOne, Clarizen, Inc. and VMware among others.

Market Drivers and Restraints:

  • Growing need for continuous and fast application delivery.
  • Applications running in the dynamic it environment.
  • Advancements in AI and its use in application development
  • Lack of skilled professionals.
  • Heavy dependence on legacy processes.

DevOps Market Market Segmentation:

  • The global DevOps market is based on type, deployment model, organization size, vertical and geographical segments.
  • Based on type, the market is segmented into solutions and services.
  • Based on deployment model, the market is segmented into public cloud, private cloud and hybrid cloud.
  • Based on organization size, the market is segmented into large enterprises and small and medium-sized enterprises (SMES).
  • Based on vertical, the market is segmented into Telecommunications and Information Technology Enabled Services (ITES), Banking, Financial Services, and Insurance (BFSI), Retail, Media and entertainment, Government and public sector, Manufacturing, Healthcare, Education, Energy and utilities and Others (Transportation and logistics, and travel and hospitality).
  • Based on geography the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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DevOps (development and operations) is an endeavor programming improvement state used to mean a sort of coordinated connection amongst advancement and IT tasks. The objective of DevOps is to change and enhance the relationship by pushing better correspondence and coordinated effort between these two specialty units. In general words, DevOps (development and operations) is a venture programming improvement state used to mean a sort of spry connection amongst advancement and IT activities. The objective of DevOps is to change and enhance the relationship by supporting better correspondence and coordinated effort between these two specialty units.

DevOps as a result of agile advancement, an outline hypothesis went for cross-useful improvement and the examination of code emphases for proficiency. DevOps likewise might be depicted as a connection between advancement, quality confirmation (QA) and different offices. Another part of DevOps is a wonder in which gifted experts robotize some time ago manual procedures, where engineers progress toward becoming clients of their own product, and physical work identified with a foundation winds up superfluous. New advances, similar to distributed computing, have extended what is conceivable in DevOps, and the approach has turned out to be well known in the tech group. As DevOps turns out to be more prominent in IT, open gatherings and traditions have encouraged around this focal thought. Numerous specialists are discussing approaches to utilize DevOps to streamline operational productivity or enhance working connections crosswise over expansive associations.

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About Data Bridge Market Research

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune. We ponder into the heterogeneous markets in accord with our clients needs and scoop out the best possible solutions and detailed information about the market trends. Data Bridge delve into the markets across Asia, North America, South America, Africa to name few.

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Symantec sells off enterprise security unit for $10.7 billion

According to Broadcom, the addition of Symantec’s enterprise security portfolio will significantly expand its infrastructure software footprint as it …

Symantec has sold off its enterprise security business to chipmaker Broadcom in a deal worth $10.7 billion.enterprise security, Symantec

According to Broadcom, the addition of Symantec’s enterprise security portfolio will significantly expand its infrastructure software footprint as it continues to build one of the world’s leading infrastructure technology companies.

Hock Tan, president and CEO, Broadcom, said, “M&A has played a central role in Broadcom’s growth strategy and this transaction represents the next logical step in our strategy following our acquisitions of Brocade and CA Technologies.”

He noted that Symantec is recognised as an established leader in the growing enterprise security space and has developed some of the world’s most powerful defense solutions that protect against today’s evolving threat landscape and secure data from endpoint to cloud.

“We look forward to expanding our footprint of mission critical infrastructure software within our core Global 2000 customer base,” Tan added.

With product lines across endpoint security, web security services, cloud security and data loss prevention, Symantec’s enterprise security business offers its customers a best-in-class suite of integrated solutions. Deploying Symantec’s enterprise security suite through Broadcom’s channels will strengthen its differentiated portfolio license agreement (PLA) strategy of offering significant overall savings to customers, while creating a predictable, recurring revenue stream for its business that will drive returns for shareholders.

Under the terms of the asset purchase agreement, which has been approved by the Broadcom Board of Directors, Broadcom will pay Symantec $10.7 billion in cash at closing. Broadcom intends to fund the transaction with proceeds from new committed debt financing.

The transaction, which is expected to close in the first quarter of Broadcom’s fiscal year 20201, is subject to regulatory approvals in the US, EU and Japan and other customary closing conditions.

Following the closing of the transaction, Broadcom will own and incorporate the Symantec brand name into the Broadcom portfolio.

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Broadcom to Buy Symantec’s Enterprise Security Business for $10.7B

Chipmaker Broadcom has entered into an agreement to acquire the enterprise security business of Symantec Corporation for $10.7 billion. The deal is …
Broadcom to Buy Symantec's Enterprise Security Business for $10.7B

Chipmaker Broadcom has entered into an agreement to acquire the enterprise security business of Symantec Corporation for $10.7 billion.

The deal is part of a larger effort on Broadcom’s part to diversify its business, with the company aiming to become a leading global provider of IT infrastructure solutions across both hardware and software. The acquisition follows Broadcom’s recent acquisitions of data center and networking solutions specialist Brocade, and of mainframe software specialist CA Technologies.

Symantec specializes in digital security and antivirus software, and has promoted post-password authentication solutions; as part of Broadcom, its enterprise security division will be branded “Norton Lifelock”.

As Forbes reports, Symantec’s enterprise security division generated about 50 percent of its revenues in its most recent fiscal quarter, at $2.5 billion, but was responsible for only 10 percent of its operating income. Speaking with Wall Street analysts after the announcement of Broadcom’s acquisition deal, Symantec CEO Rick Hill emphasized that Broadcom is offering “$10.7 billion in cash for approximately 10% of our operating income.”

The deal’s announcement comes after the US government blocked Broadcom’s attempt to acquire Qualcomm last year over national security concerns. It also arrives at a volatile time given the escalating trade war between the US and China, but with Broadcom having relocated its headquarters from Singapore to San Jose last year, the company’s proposed acquisition will not be subject to the US’s Committee on Foreign Investment, though it is still subject to antitrust approval, as CNN Business notes.

Sources: Forbes, CNN Business

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