First Quadrant L P CA Has $25.57 Million Position in Vmware, Inc. (VMW)
First Quadrant L P CA lowered its stake in shares of Vmware, Inc. (NYSE:VMW) by 8.7% during the second quarter, Holdings Channel reports. The institutional investor owned 292,494 shares of the virtualization software provider’s stock after selling 27,826 shares during the period. First Quadrant L P CA owned about 0.07% of Vmware worth $25,573,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Aperio Group LLC boosted its stake in Vmware by 0.7% in the second quarter. Aperio Group LLC now owns 69,814 shares of the virtualization software provider’s stock valued at $6,104,000 after buying an additional 461 shares during the last quarter. Alpha Windward LLC boosted its stake in Vmware by 1,682.1% in the second quarter. Alpha Windward LLC now owns 5,275 shares of the virtualization software provider’s stock valued at $461,000 after buying an additional 4,979 shares during the last quarter. V Wealth Management LLC boosted its stake in Vmware by 4.1% in the second quarter. V Wealth Management LLC now owns 16,341 shares of the virtualization software provider’s stock valued at $1,426,000 after buying an additional 641 shares during the last quarter. Ardevora Asset Management LLP boosted its stake in Vmware by 11.2% in the second quarter. Ardevora Asset Management LLP now owns 276,900 shares of the virtualization software provider’s stock valued at $24,209,000 after buying an additional 28,000 shares during the last quarter. Finally, Cascade Investment Advisors Inc. bought a new stake in Vmware during the second quarter valued at about $927,000. 21.86% of the stock is currently owned by institutional investors and hedge funds.
Vmware, Inc. (NYSE VMW) traded up 0.62% during midday trading on Wednesday, hitting $91.57. The stock had a trading volume of 464,627 shares. The company’s 50-day moving average price is $89.93 and its 200 day moving average price is $89.99. The stock has a market cap of $37.40 billion, a P/E ratio of 32.96 and a beta of 0.76. Vmware, Inc. has a 12-month low of $68.33 and a 12-month high of $98.00.
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 analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.71 billion. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. On average, equities research analysts predict that Vmware, Inc. will post $4.93 earnings per share for the current fiscal year.
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Several research firms have recently issued reports on VMW. Zacks Investment Research upgraded shares of Vmware from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Thursday, July 13th. Bank of America Corporation restated a “neutral” rating and issued a $108.00 price target (up previously from $100.00) on shares of Vmware in a research report on Saturday, June 3rd. Mizuho restated a “neutral” rating and issued a $90.00 price target (up previously from $84.00) on shares of Vmware in a research report on Saturday, June 3rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $110.00 price objective on shares of Vmware in a research report on Friday, June 2nd. Finally, Maxim Group reiterated a “hold” rating and set a $96.00 price objective on shares of Vmware in a research report on Friday, June 2nd. Eighteen investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Vmware presently has a consensus rating of “Buy” and a consensus target price of $95.36.
In other Vmware news, EVP Maurizio Carli sold 11,237 shares of Vmware stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $94.66, for a total transaction of $1,063,694.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Rajiv Ramaswami sold 20,457 shares of Vmware 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 sale, the chief operating officer now directly owns 313,721 shares in the company, valued at $27,557,252.64. The disclosure for this sale can be found here. Insiders sold 698,048 shares of company stock worth $62,259,433 over the last quarter. 0.52% of the stock is currently owned by corporate 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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