Cambridge Investment Research Advisors Inc. Grows Position in VMware, Inc. (VMW)
Cambridge Investment Research Advisors Inc. boosted its holdings in VMware, Inc. (NYSE:VMW) by 13.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,444 shares of the virtualization software provider’s stock after purchasing an additional 632 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in VMware were worth $800,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in VMware in the 1st quarter valued at $708,000. Aperio Group LLC increased its stake in VMware by 8.5% in the 1st quarter. Aperio Group LLC now owns 75,392 shares of the virtualization software provider’s stock valued at $9,143,000 after buying an additional 5,910 shares during the period. Neuburgh Advisers LLC increased its stake in VMware by 86.7% in the 1st quarter. Neuburgh Advisers LLC now owns 3,584 shares of the virtualization software provider’s stock valued at $435,000 after buying an additional 1,664 shares during the period. Riverhead Capital Management LLC increased its stake in VMware by 85.7% in the 1st quarter. Riverhead Capital Management LLC now owns 3,900 shares of the virtualization software provider’s stock valued at $473,000 after buying an additional 1,800 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in VMware by 29.2% in the 1st quarter. Teacher Retirement System of Texas now owns 93,472 shares of the virtualization software provider’s stock valued at $11,335,000 after buying an additional 21,142 shares during the period. Hedge funds and other institutional investors own 20.11% of the company’s stock.
In other news, EVP Maurizio Carli sold 3,779 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $152.54, for a total transaction of $576,448.66. Following the transaction, the executive vice president now directly owns 107,959 shares of the company’s stock, valued at approximately $16,468,065.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Rangarajan (Raghu) Raghuram sold 38,000 shares of the business’s stock in a transaction dated Wednesday, July 11th. The stock was sold at an average price of $154.98, for a total transaction of $5,889,240.00. Following the completion of the sale, the chief operating officer now owns 297,193 shares in the company, valued at $46,058,971.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,518 shares of company stock worth $19,067,627. Corporate insiders own 29.90% of the company’s stock.
VMware (NYSE:VMW) last posted its quarterly earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. VMware had a net margin of 18.77% and a return on equity of 20.00%. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the company posted $1.19 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. equities research analysts expect that VMware, Inc. will post 4.73 earnings per share for the current fiscal year.
Several equities analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of VMware from $155.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, July 3rd. Barclays reissued an “overweight” rating and issued a $172.00 price objective (up from $160.00) on shares of VMware in a research note on Tuesday, July 3rd. TheStreet cut shares of VMware from a “b” rating to a “c” rating in a research note on Friday, June 1st. Robert W. Baird reissued a “buy” rating and issued a $163.00 price objective on shares of VMware in a research note on Friday, June 1st. Finally, Jefferies Financial Group boosted their price objective on shares of VMware to $185.00 and gave the company a “positive” rating in a research note on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $155.35.
VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.
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