FinTrust Capital Advisors LLC lowered its position in shares of VMware, Inc. (NYSE:VMW) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,682 shares of the virtualization software provider’s stock after selling 141 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in VMware were worth $448,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VMW. TRUE Private Wealth Advisors acquired a new stake in shares of VMware during the 2nd quarter worth approximately $31,000. Chesapeake Wealth Management increased its position in VMware by 20.3% in the 2nd quarter. Chesapeake Wealth Management now owns 7,172 shares of the virtualization software provider’s stock valued at $1,199,000 after acquiring an additional 1,210 shares during the period. TD Asset Management Inc. increased its position in VMware by 15.9% in the 2nd quarter. TD Asset Management Inc. now owns 158,199 shares of the virtualization software provider’s stock valued at $26,452,000 after acquiring an additional 21,711 shares during the period. Westpac Banking Corp increased its position in VMware by 7.4% in the 2nd quarter. Westpac Banking Corp now owns 40,268 shares of the virtualization software provider’s stock valued at $6,733,000 after acquiring an additional 2,786 shares during the period. Finally, Wedbush Securities Inc. increased its position in VMware by 4.6% in the 2nd quarter. Wedbush Securities Inc. now owns 18,679 shares of the virtualization software provider’s stock valued at $3,123,000 after acquiring an additional 815 shares during the period. Hedge funds and other institutional investors own 17.82% of the company’s stock.
Several research firms recently commented on VMW. Zacks Investment Research cut VMware from a “hold” rating to a “sell” rating and set a $178.00 target price on the stock. in a research report on Wednesday, June 5th. Barclays raised their target price on VMware from $200.00 to $224.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. KeyCorp restated an “overweight” rating and issued a $214.00 target price (up from $206.00) on shares of VMware in a research report on Friday, May 31st. Cleveland Research restated a “buy” rating on shares of VMware in a research report on Tuesday, May 28th. Finally, BMO Capital Markets raised their target price on VMware from $195.00 to $198.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. VMware currently has a consensus rating of “Hold” and a consensus price target of $192.23.
VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, May 30th. The virtualization software provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.42. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.25 billion. VMware had a return on equity of 36.48% and a net margin of 21.50%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $1.26 EPS. Research analysts predict that VMware, Inc. will post 4.87 earnings per share for the current fiscal year.
In other news, COO Rajiv Ramaswami sold 38,813 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $170.58, for a total transaction of $6,620,721.54. Following the completion of the sale, the chief operating officer now directly owns 181,243 shares of the company’s stock, valued at approximately $30,916,430.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider P. Kevan Krysler sold 2,661 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $173.96, for a total value of $462,907.56. Following the sale, the insider now directly owns 34,774 shares of the company’s stock, valued at $6,049,285.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,053 shares of company stock valued at $14,639,696. Corporate insiders own 28.80% of the company’s stock.
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. The company 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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