VMware Inc. (VMW) Stake Held by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. held its stake in shares of VMware Inc. (NYSE:VMW) during the second quarter, Holdings Channel reports. The institutional investor owned 2,100 shares of the virtualization software provider’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in VMware were worth $120,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Dodge & Cox increased its stake in shares of VMware by 227.2% in the first quarter. Dodge & Cox now owns 9,164,491 shares of the virtualization software provider’s stock valued at $479,395,000 after buying an additional 6,363,556 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of VMware by 76.3% in the first quarter. Renaissance Technologies LLC now owns 2,285,300 shares of the virtualization software provider’s stock valued at $119,544,000 after buying an additional 989,100 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of VMware by 16,788.4% in the first quarter. Panagora Asset Management Inc. now owns 410,387 shares of the virtualization software provider’s stock valued at $21,467,000 after buying an additional 407,957 shares in the last quarter. Primecap Management Co. CA increased its stake in shares of VMware by 18.6% in the first quarter. Primecap Management Co. CA now owns 1,780,187 shares of the virtualization software provider’s stock valued at $93,122,000 after buying an additional 278,643 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of VMware during the first quarter valued at $12,515,000. 22.06% of the stock is currently owned by institutional investors.
Shares of VMware Inc. (NYSE:VMW) traded down 0.39% during mid-day trading on Friday, hitting $73.99. The company had a trading volume of 1,866,988 shares. The stock’s 50-day moving average is $73.59 and its 200-day moving average is $63.73. VMware Inc. has a 52-week low of $43.25 and a 52-week high of $76.99. The stock has a market cap of $31.40 billion, a price-to-earnings ratio of 29.81 and a beta of 1.24.
VMware (NYSE:VMW) last issued its earnings results on Monday, July 18th. The virtualization software provider reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.02. VMware had a return on equity of 15.66% and a net margin of 15.47%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts forecast that VMware Inc. will post $4.29 earnings per share for the current year.
VMW has been the subject of several recent analyst reports. Pacific Crest reissued a “sector perform” rating on shares of VMware in a report on Monday, September 5th. Maxim Group raised their price target on VMware from $68.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, July 19th. Citigroup Inc. downgraded VMware from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $99.00 to $79.00 in a report on Tuesday, July 26th. Jefferies Group reissued a “buy” rating and issued a $83.00 price target on shares of VMware in a report on Wednesday, July 6th. Finally, Morgan Stanley initiated coverage on VMware in a report on Monday, July 25th. They issued an “overweight” rating and a $86.00 price target for the company. One investment analyst has rated the stock with a sell rating, twenty-eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $77.49.
In related news, insider P. Kevan Krysler sold 6,988 shares of VMware stock in a transaction 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 transaction, the insider now owns 78,654 shares in the company, valued at $5,694,549.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP S. Dawn Smith sold 977 shares of VMware stock in a transaction 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 completion of the transaction, the vice president now owns 54,653 shares in the company, valued at approximately $4,021,914.27. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
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).
Want to see what other hedge funds are holding VMW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VMware Inc. (NYSE:VMW).
Receive News & Ratings for VMware Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware Inc. and related companies with MarketBeat.com's FREE daily email newsletter.