State Street Corp boosted its position in Vmware, Inc. (NYSE:VMW) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,820,443 shares of the virtualization software provider’s stock after buying an additional 96,667 shares during the period. State Street Corp owned about 0.45% of Vmware worth $167,732,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in VMW. Advantage Investment Management LLC purchased a new stake in Vmware during the first quarter worth $139,000. Financial Architects Inc bought a new stake in shares of Vmware during the first quarter valued at $140,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Vmware during the first quarter valued at $141,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Vmware by 34.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,887 shares of the virtualization software provider’s stock valued at $149,000 after buying an additional 483 shares during the period. Finally, Penserra Capital Management LLC boosted its position in Vmware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock valued at $169,000 after buying an additional 160 shares during the period. Institutional investors own 21.87% of the company’s stock.
Vmware, Inc. (NYSE:VMW) traded up 0.33% during trading on Friday, reaching $92.30. The company’s stock had a trading volume of 1,126,532 shares. Vmware, Inc. has a one year low of $69.86 and a one year high of $98.00. The stock has a 50-day moving average of $89.48 and a 200 day moving average of $90.49. The firm has a market capitalization of $37.70 billion, a P/E ratio of 33.23 and a beta of 0.76.
Vmware (NYSE:VMW) last posted its quarterly earnings data on Thursday, June 1st. The virtualization software provider reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.04. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the business earned $0.86 EPS. Vmware’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts predict that Vmware, Inc. will post $4.93 EPS for the current fiscal year.
Several research firms have recently issued reports on VMW. Zacks Investment Research cut Vmware from a “buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus raised Vmware from a “hold” rating to a “buy” rating and boosted their target price for the company from $96.00 to $109.00 in a research note on Wednesday, June 21st. BidaskClub cut Vmware from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Drexel Hamilton reaffirmed a “buy” rating and issued a $113.00 price target (up from $105.00) on shares of Vmware in a research note on Monday, June 5th. Finally, Barclays PLC raised Vmware to a “hold” rating and set a $100.00 price target on the stock in a research note on Monday, June 5th. Seventeen equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $97.81.
In other Vmware news, Director Egon Durban sold 666,354 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $89.14, for a total transaction of $59,398,795.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Rajiv Ramaswami sold 20,457 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $87.84, for a total value of $1,796,942.88. Following the completion of the sale, the chief operating officer now owns 313,721 shares of the company’s stock, valued at $27,557,252.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 698,048 shares of company stock valued at $62,259,433. 0.52% of the stock is owned by company insiders.
VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).
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