Moors & Cabot Inc. acquired a new position in shares of VMware, Inc. (NYSE:VMW – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,424 shares of the virtualization software provider’s stock, valued at approximately $205,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its holdings in VMware by 100,043.1% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 374,581,150 shares of the virtualization software provider’s stock worth $53,823,565,000 after purchasing an additional 374,207,104 shares during the last quarter. BlackRock Inc. raised its holdings in shares of VMware by 5.3% in the first quarter. BlackRock Inc. now owns 14,309,491 shares of the virtualization software provider’s stock worth $1,786,540,000 after acquiring an additional 718,084 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of VMware by 2.1% in the first quarter. Vanguard Group Inc. now owns 13,046,294 shares of the virtualization software provider’s stock worth $1,485,582,000 after acquiring an additional 273,093 shares during the last quarter. State Street Corp raised its holdings in shares of VMware by 2.7% in the first quarter. State Street Corp now owns 5,372,625 shares of the virtualization software provider’s stock worth $611,781,000 after acquiring an additional 143,362 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of VMware by 115.8% in the second quarter. Barclays PLC now owns 5,369,317 shares of the virtualization software provider’s stock worth $771,518,000 after acquiring an additional 2,881,564 shares during the last quarter. 46.70% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on VMW shares. Mizuho boosted their price target on VMware from $158.00 to $165.00 in a report on Friday, September 1st. UBS Group upped their target price on VMware from $180.00 to $182.00 and gave the company a “neutral” rating in a research note on Friday, September 1st. StockNews.com initiated coverage on VMware in a research note on Thursday, October 5th. They issued a “strong-buy” rating for the company. Monness Crespi & Hardt lowered VMware from a “buy” rating to a “neutral” rating in a research note on Monday, August 28th. Finally, BMO Capital Markets upped their target price on VMware from $140.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, VMware presently has a consensus rating of “Hold” and an average price target of $160.25.
Insider Transactions at VMware
In other news, EVP Jean Pierre Brulard sold 4,966 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $177.10, for a total value of $879,478.60. Following the completion of the sale, the executive vice president now owns 76,832 shares of the company’s stock, valued at $13,606,947.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 40.30% of the company’s stock.
VMware Price Performance
VMW stock opened at $149.97 on Tuesday. The stock has a 50-day moving average price of $158.97 and a two-hundred day moving average price of $151.21. VMware, Inc. has a 12-month low of $109.00 and a 12-month high of $181.14. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.71. The company has a market cap of $64.76 billion, a PE ratio of 45.31 and a beta of 0.71.
VMware (NYSE:VMW – Get Free Report) last posted its quarterly earnings results on Thursday, August 31st. The virtualization software provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.12. VMware had a return on equity of 113.34% and a net margin of 10.48%. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, research analysts predict that VMware, Inc. will post 4.92 EPS for the current year.
VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; and vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with VMware Aria Cloud Management into an integrated stack that delivers ready cloud infrastructure for private and public clouds.
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