WINTON GROUP Ltd lowered its position in VMware, Inc. (NYSE:VMW) by 79.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,967 shares of the virtualization software provider’s stock after selling 51,070 shares during the quarter. WINTON GROUP Ltd’s holdings in VMware were worth $2,008,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in VMW. NEXT Financial Group Inc lifted its holdings in shares of VMware by 169.2% in the 1st quarter. NEXT Financial Group Inc now owns 245 shares of the virtualization software provider’s stock worth $30,000 after buying an additional 154 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of VMware by 635.1% in the second quarter. Jacobi Capital Management LLC now owns 272 shares of the virtualization software provider’s stock valued at $42,000 after acquiring an additional 235 shares in the last quarter. Ameritas Investment Company LLC raised its holdings in shares of VMware by 931.7% in the first quarter. Ameritas Investment Company LLC now owns 423 shares of the virtualization software provider’s stock valued at $50,000 after acquiring an additional 382 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of VMware by 6,700.0% in the first quarter. Federated Hermes Inc. now owns 476 shares of the virtualization software provider’s stock valued at $58,000 after acquiring an additional 469 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its holdings in shares of VMware by 212.6% in the first quarter. TRUE Private Wealth Advisors now owns 622 shares of the virtualization software provider’s stock valued at $75,000 after acquiring an additional 423 shares in the last quarter. 17.04% of the stock is currently owned by institutional investors.
In related news, COO Rangarajan (Raghu) Raghuram sold 5,657 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $151.62, for a total value of $857,714.34. Following the sale, the chief operating officer now owns 241,577 shares in the company, valued at $36,627,904.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jean Pierre Brulard sold 4,271 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $153.18, for a total value of $654,231.78. Following the completion of the sale, the executive vice president now owns 52,926 shares in the company, valued at approximately $8,107,204.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,402 shares of company stock worth $14,389,180. 28.50% of the stock is owned by insiders.
Several analysts recently weighed in on the company. KeyCorp lifted their price objective on VMware from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Royal Bank of Canada lifted their price objective on VMware from $165.00 to $181.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Wells Fargo & Co lifted their price objective on VMware from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 29th. BMO Capital Markets lifted their price objective on VMware from $152.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Cfra upgraded VMware from a “hold” rating to a “buy” rating and lifted their price objective for the company from $154.00 to $180.00 in a report on Friday, May 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the stock. VMware currently has an average rating of “Buy” and a consensus target price of $166.78.
Shares of VMW stock opened at $136.42 on Tuesday. VMware, Inc. has a fifty-two week low of $86.00 and a fifty-two week high of $173.37. The firm has a market capitalization of $57.17 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 2.83 and a beta of 0.74. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50-day simple moving average is $143.17 and its 200-day simple moving average is $137.33.
VMware (NYSE:VMW) last issued its earnings results on Thursday, May 28th. The virtualization software provider reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.32. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.62 billion. VMware had a return on equity of 30.45% and a net margin of 58.44%. VMware’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 earnings per share. As a group, equities analysts forecast that VMware, Inc. will post 3.78 earnings per share for the current year.
VMware 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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