Vmware, Inc. (NYSE:VMW) Shares Sold by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale reduced its stake in shares of Vmware, Inc. (NYSE:VMW) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,476 shares of the virtualization software provider’s stock after selling 7,646 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Vmware were worth $17,310,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the stock. Advantage Investment Management LLC bought a new stake in shares of Vmware during the first quarter valued at about $139,000. Financial Architects Inc bought a new stake in shares of Vmware during the first quarter valued at about $140,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Vmware during the first quarter valued at about $141,000. Penserra Capital Management LLC raised its stake in shares of 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. Finally, Eagle Global Advisors LLC bought a new stake in shares of Vmware during the second quarter valued at about $203,000. Institutional investors and hedge funds own 21.86% of the company’s stock.
Vmware, Inc. (NYSE VMW) opened at 91.95 on Friday. The firm has a market capitalization of $37.55 billion, a PE ratio of 33.10 and a beta of 0.77. The stock’s 50 day moving average is $90.67 and its 200-day moving average is $91.18. Vmware, Inc. has a 1-year low of $70.32 and a 1-year high of $98.00.
Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. Vmware had a net margin of 17.36% and a return on equity of 17.19%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business earned $0.86 earnings per share. Vmware’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts forecast that Vmware, Inc. will post $4.94 EPS for the current year.
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Several analysts have recently issued reports on VMW shares. Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 target price (up previously from $105.00) on shares of Vmware in a research report on Saturday, June 3rd. MKM Partners reiterated a “buy” rating and issued a $110.00 target price (up previously from $100.00) on shares of Vmware in a research report on Thursday, June 1st. Drexel Hamilton reissued 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. BidaskClub downgraded shares of Vmware from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Stifel Nicolaus raised shares of Vmware from a “hold” rating to a “buy” rating and raised their price target for the stock from $96.00 to $109.00 in a research note on Wednesday, June 21st. Seventeen research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $98.92.
In related news, COO Rajiv Ramaswami sold 20,457 shares of Vmware 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 transaction, the chief operating officer now owns 313,721 shares of the company’s stock, valued at approximately $27,557,252.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurizio Carli sold 11,237 shares of Vmware 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 currently owned by 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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