Wright Investors Service Inc. Has $2.03 Million Holdings in VMware, Inc. (NYSE:VMW)

Wright Investors Service Inc. lessened its holdings in VMware, Inc. (NYSE:VMW) by 20.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,145 shares of the virtualization software provider’s stock after selling 3,163 shares during the period. Wright Investors Service Inc.’s holdings in VMware were worth $2,031,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Neuburgh Advisers LLC lifted its stake in shares of VMware by 44.6% in the 1st quarter. Neuburgh Advisers LLC now owns 18,560 shares of the virtualization software provider’s stock valued at $3,350,000 after purchasing an additional 5,728 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of VMware by 5.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 9,214 shares of the virtualization software provider’s stock valued at $1,663,000 after purchasing an additional 514 shares during the last quarter. Gulf International Bank UK Ltd lifted its stake in shares of VMware by 0.9% in the 2nd quarter. Gulf International Bank UK Ltd now owns 18,622 shares of the virtualization software provider’s stock valued at $3,113,000 after purchasing an additional 174 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in shares of VMware by 47.4% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 7,736 shares of the virtualization software provider’s stock valued at $1,398,000 after purchasing an additional 2,486 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of VMware by 169.3% in the 1st quarter. Marshall Wace LLP now owns 52,477 shares of the virtualization software provider’s stock valued at $9,472,000 after purchasing an additional 32,993 shares during the last quarter. 17.82% of the stock is owned by institutional investors and hedge funds.

In other news, insider P. Kevan Krysler sold 2,661 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $173.96, for a total transaction of $462,907.56. Following the transaction, the insider now owns 34,774 shares in the company, valued at approximately $6,049,285.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger sold 20,000 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $180.00, for a total transaction of $3,600,000.00. Following the transaction, the chief executive officer now owns 445,214 shares in the company, valued at approximately $80,138,520. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,053 shares of company stock worth $14,639,696. Insiders own 28.80% of the company’s stock.

Shares of NYSE:VMW traded down $9.94 on Thursday, hitting $143.15. 3,002,012 shares of the company were exchanged, compared to its average volume of 1,158,636. The firm’s 50 day moving average price is $169.03. VMware, Inc. has a one year low of $129.33 and a one year high of $206.80. The company has a debt-to-equity ratio of 7.57, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $64.76 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.81.

VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, May 30th. The virtualization software provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.42. VMware had a net margin of 21.50% and a return on equity of 36.48%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts expect that VMware, Inc. will post 4.87 EPS for the current year.

VMW has been the subject of several analyst reports. Maxim Group reaffirmed a “hold” rating on shares of VMware in a research note on Friday, August 2nd. Citigroup boosted their target price on shares of VMware from $201.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Raymond James boosted their target price on shares of VMware from $196.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Bank of America reissued a “buy” rating and set a $225.00 target price on shares of VMware in a research report on Friday, May 31st. Finally, Morgan Stanley cut their target price on shares of VMware from $192.00 to $190.00 and set an “equal weight” rating for the company in a research report on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $192.23.

VMware Profile

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.

Further Reading: Return on Investment (ROI)

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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