VMware, Inc. (NYSE:VMW) Shares Bought by First National Bank of Mount Dora Trust Investment Services


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First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of VMware, Inc. (NYSE:VMW) by 109.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 32,827 shares of the virtualization software provider’s stock after buying an additional 17,146 shares during the period. VMware accounts for 1.7% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 22nd biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in VMware were worth $4,939,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VMW. RWM Asset Management LLC purchased a new stake in shares of VMware in the 4th quarter valued at about $33,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of VMware during the fourth quarter worth $33,000. Bartlett & Co. LLC grew its position in VMware by 525.0% in the 4th quarter. Bartlett & Co. LLC now owns 250 shares of the virtualization software provider’s stock valued at $35,000 after buying an additional 210 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in VMware in the 4th quarter valued at $39,000. Finally, Kistler Tiffany Companies LLC raised its position in VMware by 115.1% during the 4th quarter. Kistler Tiffany Companies LLC now owns 299 shares of the virtualization software provider’s stock worth $42,000 after buying an additional 160 shares during the last quarter. 16.90% of the stock is currently owned by institutional investors.

In other news, Director Patrick P. Gelsinger sold 4,900 shares of the stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $149.04, for a total value of $730,296.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Amy Fliegelman Olli sold 19,386 shares of the firm’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $153.12, for a total transaction of $2,968,384.32. Following the completion of the transaction, the executive vice president now directly owns 80,439 shares in the company, valued at approximately $12,316,819.68. The disclosure for this sale can be found here. Insiders sold a total of 103,105 shares of company stock worth $15,668,712 over the last ninety days. Corporate insiders own 28.50% of the company’s stock.

A number of brokerages have recently issued reports on VMW. Cleveland Research lowered shares of VMware from a “buy” rating to a “neutral” rating in a research note on Thursday, February 11th. Bank of America assumed coverage on VMware in a research report on Thursday. They set a “neutral” rating on the stock. The Goldman Sachs Group initiated coverage on VMware in a report on Thursday, January 21st. They issued a “neutral” rating and a $150.00 price target for the company. UBS Group dropped their price objective on VMware from $152.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, January 14th. Finally, BMO Capital Markets lowered shares of VMware from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $157.00 to $148.00 in a research report on Wednesday, January 13th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $170.16.

Shares of VMW traded down $2.31 during mid-day trading on Thursday, reaching $151.26. The company had a trading volume of 769 shares, compared to its average volume of 1,439,998. VMware, Inc. has a fifty-two week low of $121.78 and a fifty-two week high of $161.95. The firm has a fifty day simple moving average of $146.26 and a 200-day simple moving average of $133.01. The stock has a market cap of $63.41 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59.

VMware (NYSE:VMW) last issued its earnings results on Thursday, February 25th. The virtualization software provider reported $2.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.78. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.23 billion. VMware had a return on equity of 27.10% and a net margin of 13.75%. As a group, equities analysts predict that VMware, Inc. will post 4.72 EPS for the current fiscal year.

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. It 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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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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