Reliance Trust Co. of Delaware decreased its stake in Vmware, Inc. (NYSE:VMW) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,628 shares of the virtualization software provider’s stock after selling 93 shares during the period. Reliance Trust Co. of Delaware’s holdings in Vmware were worth $492,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of VMW. Comerica Bank acquired a new position in shares of Vmware during the fourth quarter worth about $395,000. Dimensional Fund Advisors LP boosted its stake in shares of Vmware by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 88,248 shares of the virtualization software provider’s stock worth $6,948,000 after buying an additional 3,728 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Vmware by 9.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 700,290 shares of the virtualization software provider’s stock worth $55,134,000 after buying an additional 63,218 shares during the period. Teachers Advisors LLC boosted its stake in shares of Vmware by 117.4% in the fourth quarter. Teachers Advisors LLC now owns 465,492 shares of the virtualization software provider’s stock worth $36,648,000 after buying an additional 251,364 shares during the period. Finally, Denali Advisors LLC boosted its stake in shares of Vmware by 48.2% in the first quarter. Denali Advisors LLC now owns 51,989 shares of the virtualization software provider’s stock worth $4,790,000 after buying an additional 16,907 shares during the period. 21.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Vmware, Inc. (NYSE:VMW) traded down 0.05% on Friday, reaching $91.95. The company’s stock had a trading volume of 1,034,076 shares. The firm’s 50-day moving average price is $90.67 and its 200-day moving average price is $91.18. The stock has a market cap of $37.55 billion, a P/E ratio of 33.10 and a beta of 0.77. Vmware, Inc. has a 12 month low of $70.32 and a 12 month high of $98.00.
Vmware (NYSE:VMW) last released its earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the business posted $0.86 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, analysts forecast that Vmware, Inc. will post $4.94 earnings per share for the current fiscal year.
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Several equities research analysts have weighed in on the stock. MKM Partners restated a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Vmware in a research report on Thursday, June 1st. Royal Bank Of Canada raised their target price on shares of Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 31st. Robert W. Baird raised shares of Vmware from a “neutral” rating to an “outperform” rating and raised their target price for the company from $90.00 to $115.00 in a research note on Wednesday, May 31st. Zacks Investment Research lowered shares of Vmware from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Finally, Cowen and Company lifted their price objective on shares of Vmware from $92.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, May 25th. Seventeen research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $98.92.
In other news, COO Rajiv Ramaswami sold 20,457 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was 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 directly owns 313,721 shares of the company’s stock, valued at approximately $27,557,252.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurizio Carli sold 11,237 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $94.66, for a total value of $1,063,694.42. 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 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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