Two Sigma Investments LP lessened its holdings in VMware, Inc. (NYSE:VMW) by 47.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 661,859 shares of the virtualization software provider’s stock after selling 608,773 shares during the period. Two Sigma Investments LP’s holdings in VMware were worth $82,944,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Premia Global Advisors LLC bought a new stake in VMware in the 4th quarter valued at $260,000. Stone Ridge Asset Management LLC bought a new stake in VMware in the 4th quarter valued at $2,232,000. Guggenheim Capital LLC raised its stake in VMware by 37.4% in the 4th quarter. Guggenheim Capital LLC now owns 96,827 shares of the virtualization software provider’s stock valued at $12,134,000 after acquiring an additional 26,355 shares during the period. Deutsche Bank AG raised its stake in VMware by 66.5% in the 4th quarter. Deutsche Bank AG now owns 793,942 shares of the virtualization software provider’s stock valued at $99,492,000 after acquiring an additional 317,198 shares during the period. Finally, Clearbridge Investments LLC raised its stake in VMware by 6.2% in the 4th quarter. Clearbridge Investments LLC now owns 3,127,595 shares of the virtualization software provider’s stock valued at $391,950,000 after acquiring an additional 183,127 shares during the period. Institutional investors and hedge funds own 22.48% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded VMware from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Wednesday, March 7th. Maxim Group restated a “hold” rating and issued a $134.00 price target (up previously from $123.00) on shares of VMware in a research note on Tuesday, March 6th. Hilliard Lyons cut VMware from a “buy” rating to a “neutral” rating in a research note on Friday, March 2nd. BMO Capital Markets dropped their price target on VMware from $142.00 to $138.00 and set an “outperform” rating on the stock in a research note on Friday, March 2nd. Finally, Mizuho restated a “neutral” rating and issued a $125.00 price target (up previously from $110.00) on shares of VMware in a research note on Friday, March 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty have assigned a buy rating to the stock. VMware currently has an average rating of “Buy” and an average price target of $131.42.
VMware (NYSE:VMW) last released its earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.06. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. VMware had a return on equity of 19.52% and a net margin of 7.18%. VMware’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. equities analysts anticipate that VMware, Inc. will post 4.53 EPS for the current year.
In related news, EVP Maurizio Carli sold 2,581 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $129.88, for a total value of $335,220.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Sanjay Poonen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $129.71, for a total value of $1,297,100.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,962 shares of company stock worth $4,447,393. 34.40% of the stock is currently owned by insiders.
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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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