Meitav Dash Investments Ltd. lowered its stake in VMware, Inc. (NYSE:VMW) by 55.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,058 shares of the virtualization software provider’s stock after selling 5,029 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in VMware were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Premier Asset Management LLC purchased a new position in VMware in the 2nd quarter worth about $7,940,000. Macquarie Group Ltd. grew its stake in VMware by 13.6% during the 4th quarter. Macquarie Group Ltd. now owns 133,853 shares of the virtualization software provider’s stock valued at $20,318,000 after acquiring an additional 16,074 shares in the last quarter. World Asset Management Inc purchased a new position in VMware during the 2nd quarter valued at about $222,000. First Quadrant L P CA grew its stake in VMware by 185.3% during the 2nd quarter. First Quadrant L P CA now owns 856 shares of the virtualization software provider’s stock valued at $133,000 after acquiring an additional 556 shares in the last quarter. Finally, Raymond James & Associates grew its stake in VMware by 8.5% during the 2nd quarter. Raymond James & Associates now owns 156,727 shares of the virtualization software provider’s stock valued at $24,271,000 after acquiring an additional 12,278 shares in the last quarter. 17.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of VMW traded down $1.28 on Thursday, reaching $137.98. 19,501 shares of the stock traded hands, compared to its average volume of 974,774. The firm has a market cap of $58.16 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 2.76 and a beta of 0.74. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.87 and a quick ratio of 0.87. VMware, Inc. has a 12 month low of $86.00 and a 12 month high of $173.37. The stock’s 50-day moving average price is $142.73 and its 200-day moving average price is $137.22.
VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, May 28th. The virtualization software provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.32. VMware had a return on equity of 30.45% and a net margin of 58.44%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the business posted $1.32 earnings per share. VMware’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities research analysts forecast that VMware, Inc. will post 3.78 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. Tigress Financial reaffirmed a “buy” rating on shares of VMware in a research note on Monday, June 22nd. Royal Bank of Canada lifted their target price on VMware from $165.00 to $181.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. KeyCorp lifted their price target on VMware from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Jefferies Financial Group lifted their price target on VMware from $135.00 to $160.00 and gave the company a “hold” rating in a report on Friday, May 29th. Finally, Wells Fargo & Co lifted their price target on VMware from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company. VMware currently has an average rating of “Buy” and a consensus price target of $166.78.
In other VMware news, EVP Jean Pierre Brulard sold 4,271 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $153.18, for a total value of $654,231.78. Following the sale, the executive vice president now directly owns 52,926 shares in the company, valued at $8,107,204.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Rangarajan (Raghu) Raghuram sold 5,657 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $151.62, for a total value of $857,714.34. Following the completion of the sale, the chief operating officer now owns 241,577 shares in the company, valued at $36,627,904.74. The disclosure for this sale can be found here. Insiders sold 103,402 shares of company stock worth $14,389,180 over the last quarter. Company insiders own 28.50% of the company’s stock.
VMware Company Profile
VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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