Chief Financial Officer at Avago Technologies Ltd (NASDAQ:AVGO), Anthony Maslowski, has recently purchased 5,000 shares of common company stock, at a price of $ 20.08 per share. In addition, Mr. Maslowski also reported selling another 5,000 shares of common stock, at a price of $ 88.15 per share. These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Maslowski on December 22, 2011. Moreover, Chief Financial Officer also reported selling 5,729 securities, at a price of $ 87.96 per share. These shares “were sold pursuant to an irrevocable election of the Reporting Person, dated June 18, 2013, to sell sufficient shares to cover withholding taxes due upon vesting of restricted shares units (“RSUs”),” (SEC). Following these transactions, Mr. Maslowski holds at this $ 22.11 Billion Market Cap Company 67,606 shares, directly, and another 7,000 by trust.
Additionally, an important hedge fund has increased its stake at Avago Technologies Ltd (NASDAQ:AVGO). Philippe Laffont’s Coatue Management has increased its stake by 138% over the last reported quarter, and currently holds more than 7.2 million shares, worth above $ 523 million. This amount represents 6.51% of the fund’s Equity Portfolio.