Wealth Architects LLC cut its position in Vmware, Inc. (NYSE:VMW) by 0.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,320 shares of the virtualization software provider’s stock after selling 44 shares during the period. Vmware makes up about 0.5% of Wealth Architects LLC’s investment portfolio, making the stock its 25th largest holding. Wealth Architects LLC’s holdings in Vmware were worth $1,252,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of VMW. BlackRock Inc. raised its holdings in Vmware by 4,817.7% in the first quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock worth $469,811,000 after buying an additional 4,995,179 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Vmware by 28.2% in the first quarter. Renaissance Technologies LLC now owns 2,160,400 shares of the virtualization software provider’s stock worth $199,059,000 after buying an additional 475,800 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its holdings in Vmware by 40.6% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,623,891 shares of the virtualization software provider’s stock worth $141,976,000 after buying an additional 468,812 shares during the last quarter. Vanguard Group Inc. raised its holdings in Vmware by 9.9% in the first quarter. Vanguard Group Inc. now owns 3,930,665 shares of the virtualization software provider’s stock worth $362,171,000 after buying an additional 352,516 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Vmware by 311.6% in the first quarter. Mackenzie Financial Corp now owns 400,901 shares of the virtualization software provider’s stock worth $36,939,000 after buying an additional 303,489 shares during the last quarter. 21.81% of the stock is owned by institutional investors and hedge funds.
VMW has been the subject of several research reports. Cowen and Company boosted their price objective on shares of Vmware from $92.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, May 25th. Royal Bank Of Canada boosted their price objective on shares of Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 31st. Zacks Investment Research cut shares of Vmware from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BMO Capital Markets decreased their price objective on shares of Vmware from $105.00 to $98.00 and set a “market perform” rating for the company in a report on Friday, June 2nd. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $95.00 price objective on shares of Vmware in a report on Thursday, June 1st. Fourteen research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $109.88.
Shares of Vmware, Inc. (NYSE VMW) traded up 1.25% during midday trading on Monday, hitting $107.43. 508,871 shares of the stock traded hands. The company’s 50 day moving average price is $97.94 and its 200-day moving average price is $93.05. Vmware, Inc. has a 12-month low of $72.05 and a 12-month high of $108.33. The stock has a market cap of $44.01 billion, a price-to-earnings ratio of 38.67 and a beta of 0.74.
Vmware (NYSE:VMW) last announced its quarterly earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities research analysts expect that Vmware, Inc. will post $5.06 EPS for the current year.
Vmware declared that its Board of Directors has authorized a share repurchase plan on Monday, August 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the virtualization software provider to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, COO Rajiv Ramaswami sold 20,457 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $87.84, for a total value of $1,796,942.88. Following the completion of the transaction, the chief operating officer now owns 313,721 shares in the company, valued at $27,557,252.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider P. Kevan Krysler sold 13,751 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $107.69, for a total value of $1,480,845.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,208 shares of company stock valued at $3,924,708. Company insiders own 0.52% of the company’s stock.
Vmware Company Profile
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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