Edgestream Partners L.P. lowered its stake in Vmware, Inc. (NYSE:VMW) by 11.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,490 shares of the virtualization software provider’s stock after selling 336 shares during the period. Edgestream Partners L.P.’s holdings in Vmware were worth $229,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of VMW. Advantage Investment Management LLC acquired a new stake in Vmware during the first quarter valued at approximately $139,000. Financial Architects Inc bought a new stake in Vmware during the first quarter valued at $140,000. Oppenheimer Asset Management Inc. bought a new stake in Vmware during the first quarter valued at $141,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Vmware by 34.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,887 shares of the virtualization software provider’s stock valued at $149,000 after buying an additional 483 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in Vmware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock valued at $169,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.
Shares of Vmware, Inc. (NYSE VMW) traded up 0.78% during midday trading on Friday, hitting $88.19. The company’s stock had a trading volume of 1,071,535 shares. The firm has a market cap of $36.02 billion, a price-to-earnings ratio of 31.75 and a beta of 0.76. Vmware, Inc. has a 12-month low of $56.09 and a 12-month high of $98.00. The firm has a 50-day moving average of $91.98 and a 200 day moving average of $89.17.
Vmware (NYSE:VMW) last released its earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.04. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.71 billion. Vmware had a return on equity of 17.19% and a net margin of 17.36%. Vmware’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. On average, equities research analysts predict that Vmware, Inc. will post $4.93 EPS for the current fiscal year.
VMW has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating and set a $97.00 price target on shares of Vmware in a research note on Wednesday, April 5th. Barclays PLC raised shares of Vmware to a “hold” rating and set a $100.00 price objective on the stock in a report on Monday, June 5th. BMO Capital Markets reaffirmed a “hold” rating and set a $98.00 price objective on shares of Vmware in a report on Wednesday, April 5th. Maxim Group reissued a “hold” rating and issued a $96.00 price target on shares of Vmware in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Vmware from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Nineteen analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $94.68.
In other Vmware news, EVP Maurizio Carli sold 11,237 shares of Vmware stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $94.66, for a total transaction of $1,063,694.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Egon Durban sold 666,354 shares of Vmware stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $89.14, for a total value of $59,398,795.56. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).
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