Vmware, Inc. (VMW) Holdings Lowered by GMT Capital Corp
GMT Capital Corp cut its holdings in shares of Vmware, Inc. (NYSE:VMW) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,179,500 shares of the virtualization software provider’s stock after selling 26,600 shares during the quarter. Vmware accounts for approximately 2.7% of GMT Capital Corp’s holdings, making the stock its 7th biggest holding. GMT Capital Corp owned approximately 0.29% of Vmware worth $128,790,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Alps Advisors Inc. increased its stake in shares of Vmware by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,299 shares of the virtualization software provider’s stock worth $463,000 after buying an additional 14 shares during the period. Federated Investors Inc. PA increased its stake in shares of Vmware by 0.4% in the second quarter. Federated Investors Inc. PA now owns 15,323 shares of the virtualization software provider’s stock worth $1,339,000 after buying an additional 66 shares during the period. Capstone Asset Management Co. increased its stake in shares of Vmware by 2.4% in the second quarter. Capstone Asset Management Co. now owns 3,829 shares of the virtualization software provider’s stock worth $335,000 after buying an additional 90 shares during the period. Laurion Capital Management LP increased its stake in shares of Vmware by 2.8% in the second quarter. Laurion Capital Management LP now owns 3,700 shares of the virtualization software provider’s stock worth $323,000 after buying an additional 100 shares during the period. Finally, CFO4Life Group LLC increased its stake in shares of Vmware by 2.2% in the second quarter. CFO4Life Group LLC now owns 5,644 shares of the virtualization software provider’s stock worth $493,000 after buying an additional 121 shares during the period. 21.68% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Vmware, Inc. (NYSE VMW) traded down $1.80 during mid-day trading on Friday, hitting $123.59. 1,533,200 shares of the stock were exchanged, compared to its average volume of 1,549,590. Vmware, Inc. has a 1 year low of $76.81 and a 1 year high of $126.33. The company has a market cap of $50,629.02, a PE ratio of 34.81, a PEG ratio of 2.83 and a beta of 0.67. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.10.
Vmware (NYSE:VMW) last announced its quarterly earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Vmware had a net margin of 17.81% and a return on equity of 18.06%. Vmware’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. equities research analysts expect that Vmware, Inc. will post 3.79 earnings per share for the current year.
Vmware declared that its Board of Directors has initiated a share buyback program 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 buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
Several research analysts recently commented on VMW shares. Zacks Investment Research downgraded shares of Vmware from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Citigroup Inc. lifted their target price on shares of Vmware from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Mizuho lifted their target price on shares of Vmware from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, August 14th. Robert W. Baird set a $115.00 target price on shares of Vmware and gave the stock a “buy” rating in a research note on Monday, August 14th. Finally, Cowen Inc reaffirmed a “market perform” rating and issued a $104.00 target price (up from $98.00) on shares of Vmware in a research note on Monday, August 14th. Fifteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $116.00.
In related news, COO Rajiv Ramaswami sold 9,747 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $118.16, for a total value of $1,151,705.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $107.82, for a total transaction of $646,920.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 466,314 shares of company stock worth $51,024,652. 0.52% of the stock is currently owned by company 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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