Daiwa Securities Group Inc. Grows Stake in Vmware, Inc. (VMW)
Daiwa Securities Group Inc. lifted its stake in shares of Vmware, Inc. (NYSE:VMW) by 26.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,350 shares of the virtualization software provider’s stock after acquiring an additional 900 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Vmware were worth $475,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Enterprise Financial Services Corp boosted its stake in shares of Vmware by 3,975.6% during the 3rd quarter. Enterprise Financial Services Corp now owns 1,671 shares of the virtualization software provider’s stock worth $182,000 after acquiring an additional 1,630 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Vmware in the third quarter worth $214,000. Penserra Capital Management LLC boosted its position in shares of Vmware by 13.0% in the second quarter. Penserra Capital Management LLC now owns 2,080 shares of the virtualization software provider’s stock worth $181,000 after buying an additional 240 shares during the period. BlueMountain Capital Management LLC acquired a new stake in shares of Vmware in the second quarter worth $191,000. Finally, Murphy Capital Management Inc. acquired a new stake in shares of Vmware in the third quarter worth $245,000. 22.27% of the stock is owned by institutional investors and hedge funds.
In other news, insider P. Kevan Krysler sold 13,751 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $107.69, for a total transaction of $1,480,845.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Rajiv Ramaswami sold 9,747 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $118.16, for a total transaction of $1,151,705.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 466,314 shares of company stock valued at $51,024,652. Company insiders own 0.52% of the company’s stock.
Vmware, Inc. (NYSE:VMW) opened at $121.84 on Tuesday. Vmware, Inc. has a one year low of $74.85 and a one year high of $122.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $50,039.12, a PE ratio of 34.41, a PEG ratio of 2.80 and a beta of 0.67.
Vmware (NYSE:VMW) last posted its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the business posted $0.97 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. research analysts anticipate that Vmware, Inc. will post 3.79 earnings per share for the current year.
Vmware announced that its Board of Directors has initiated a share buyback plan on Monday, August 14th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the virtualization software provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
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VMW has been the subject of several recent analyst reports. Zacks Investment Research cut Vmware from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Citigroup Inc. increased their price objective on Vmware from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 11th. Mizuho increased their price objective on Vmware from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, August 14th. Robert W. Baird set a $115.00 target price on Vmware and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Cowen and Company restated a “market perform” rating and set a $104.00 target price (up from $98.00) on shares of Vmware in a report on Monday, August 14th. Fifteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $115.35.
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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