Algert Global LLC raised its stake in shares of VMware Inc. (NYSE:VMW) by 15.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,931 shares of the virtualization software provider’s stock after buying an additional 1,944 shares during the period. Algert Global LLC’s holdings in VMware were worth $1,095,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of VMW. Pacer Advisors Inc. increased its stake in shares of VMware by 10.5% in the second quarter. Pacer Advisors Inc. now owns 1,773 shares of the virtualization software provider’s stock valued at $101,000 after buying an additional 168 shares in the last quarter. BlueMountain Capital Management LLC purchased a new stake in shares of VMware during the first quarter valued at $106,000. Advisor Group Inc. purchased a new stake in shares of VMware during the second quarter valued at $163,000. WMS Partners LLC purchased a new stake in shares of VMware during the second quarter valued at $206,000. Finally, Capstone Asset Management Co. purchased a new stake in shares of VMware during the second quarter valued at $211,000. 22.06% of the stock is owned by institutional investors and hedge funds.
Shares of VMware Inc. (NYSE:VMW) opened at 72.98 on Friday. The firm has a 50-day moving average of $73.48 and a 200-day moving average of $64.40. The firm has a market capitalization of $30.97 billion, a PE ratio of 29.40 and a beta of 1.24. VMware Inc. has a 1-year low of $43.25 and a 1-year high of $79.80.
VMware (NYSE:VMW) last announced its quarterly earnings results on Monday, July 18th. The virtualization software provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. VMware had a net margin of 15.47% and a return on equity of 15.66%. VMware’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the company posted $0.93 EPS. On average, equities research analysts anticipate that VMware Inc. will post $4.29 EPS for the current fiscal year.
VMW has been the topic of several recent research reports. Morgan Stanley reiterated a “buy” rating and issued a $86.00 price objective on shares of VMware in a research report on Monday, September 26th. RBC Capital Markets reiterated an “outperform” rating and issued a $88.00 price objective on shares of VMware in a research report on Monday, September 12th. Zacks Investment Research downgraded shares of VMware from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Barclays PLC initiated coverage on shares of VMware in a research report on Tuesday, September 13th. They issued an “equal weight” rating and a $82.00 price objective on the stock. Finally, Goldman Sachs Group Inc. downgraded shares of VMware from a “buy” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. VMware presently has an average rating of “Hold” and a consensus target price of $75.64.
In related news, VP S. Dawn Smith sold 977 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $73.59, for a total value of $71,897.43. Following the sale, the vice president now directly owns 54,653 shares in the company, valued at approximately $4,021,914.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider P. Kevan Krysler sold 6,988 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $72.40, for a total value of $505,931.20. Following the sale, the insider now directly owns 78,654 shares of the company’s stock, valued at $5,694,549.60. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.
VMware Company Profile
VMware, Inc is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC).
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