First Trust Advisors LP Raises Stake in Vmware, Inc. (NYSE:VMW)
First Trust Advisors LP boosted its position in Vmware, Inc. (NYSE:VMW) by 24.8% during the second quarter, Holdings Channel reports. The firm owned 768,168 shares of the virtualization software provider’s stock after buying an additional 152,874 shares during the period. First Trust Advisors LP’s holdings in Vmware were worth $67,161,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its position in Vmware by 423.1% in the second quarter. Arizona State Retirement System now owns 21,449 shares of the virtualization software provider’s stock worth $1,875,000 after buying an additional 17,349 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Vmware by 21.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,836 shares of the virtualization software provider’s stock valued at $1,647,000 after buying an additional 3,267 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Vmware by 69.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 288,962 shares of the virtualization software provider’s stock valued at $25,264,000 after buying an additional 118,092 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Vmware during the second quarter valued at $315,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Vmware during the second quarter valued at $691,000. Institutional investors and hedge funds own 21.86% of the company’s stock.
Vmware, Inc. (NYSE VMW) opened at 91.95 on Friday. The stock’s 50 day moving average price is $90.67 and its 200-day moving average price is $91.18. The stock has a market capitalization of $37.55 billion, a PE ratio of 33.10 and a beta of 0.77. Vmware, Inc. has a 52-week low of $70.32 and a 52-week high of $98.00.
Vmware (NYSE:VMW) last issued its earnings results 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. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts expect that Vmware, Inc. will post $4.94 EPS for the current fiscal year.
Several equities analysts have recently weighed in on VMW shares. Jefferies Group LLC restated a “buy” rating and set a $110.00 price target (up from $105.00) on shares of Vmware in a report on Saturday, June 3rd. MKM Partners restated a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Vmware in a report on Thursday, June 1st. Drexel Hamilton restated a “buy” rating and set a $113.00 price target (up from $105.00) on shares of Vmware in a report on Monday, June 5th. BidaskClub downgraded Vmware from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Stifel Nicolaus upgraded Vmware from a “hold” rating to a “buy” rating and raised their price target for the company from $96.00 to $109.00 in a report on Wednesday, June 21st. Seventeen equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock presently 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 company’s stock in a transaction dated 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 sale, the chief operating officer now owns 313,721 shares in the company, valued at $27,557,252.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurizio Carli sold 11,237 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was 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 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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