Edgestream Partners L.P. decreased its stake in shares of Vmware, Inc. (NYSE:VMW) by 11.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.
Several other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in Vmware by 32.6% in the first quarter. AQR Capital Management LLC now owns 886,390 shares of the virtualization software provider’s stock valued at $81,672,000 after buying an additional 218,108 shares during the period. BlueCrest Capital Management Ltd purchased a new position in Vmware during the first quarter valued at $533,000. Soros Fund Management LLC raised its position in Vmware by 331.7% in the first quarter. Soros Fund Management LLC now owns 202,900 shares of the virtualization software provider’s stock valued at $18,695,000 after buying an additional 155,900 shares during the period. State Street Corp raised its position in Vmware by 5.6% in the first quarter. State Street Corp now owns 1,820,443 shares of the virtualization software provider’s stock valued at $167,732,000 after buying an additional 96,667 shares during the period. Finally, Bank of America Corp DE raised its position in Vmware by 72.0% in the first quarter. Bank of America Corp DE now owns 650,816 shares of the virtualization software provider’s stock valued at $59,967,000 after buying an additional 272,489 shares during the period. 21.85% of the stock is owned by hedge funds and other institutional investors.
Vmware, Inc. (NYSE:VMW) traded up 0.77% on Monday, reaching $88.78. 992,081 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $93.11 and a 200-day moving average price of $88.57. Vmware, Inc. has a 1-year low of $55.12 and a 1-year high of $98.00. The company has a market capitalization of $36.26 billion, a PE ratio of 31.96 and a beta of 0.71.
Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.86 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts anticipate that Vmware, Inc. will post $4.92 earnings per share for the current year.
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Several equities analysts have recently weighed in on the stock. BidaskClub lowered shares of Vmware from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Drexel Hamilton reaffirmed a “buy” rating and set a $113.00 target price (up from $105.00) on shares of Vmware in a report on Monday, June 5th. Barclays PLC raised shares of Vmware to a “hold” rating and set a $100.00 target price for the company in a report on Monday, June 5th. Bank of America Corporation reaffirmed a “neutral” rating and set a $108.00 target price (up from $100.00) on shares of Vmware in a report on Saturday, June 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $107.00 target price (up from $100.00) on shares of Vmware in a report on Saturday, June 3rd. Twenty research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Vmware has a consensus rating of “Hold” and a consensus target price of $94.21.
In other Vmware news, Director Egon Durban sold 666,354 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maurizio Carli sold 11,237 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $94.66, for a total value of $1,063,694.42. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.
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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