Perpetual Ltd Makes New Investment in VMware, Inc. (NYSE:VMW)

Perpetual Ltd purchased a new position in VMware, Inc. (NYSE:VMW) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,100 shares of the virtualization software provider’s stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. D.A. Davidson & CO. increased its position in VMware by 2.8% in the 2nd quarter. D.A. Davidson & CO. now owns 2,357 shares of the virtualization software provider’s stock worth $394,000 after buying an additional 64 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of VMware by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,336 shares of the virtualization software provider’s stock worth $391,000 after purchasing an additional 69 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of VMware by 1.1% during the 2nd quarter. Advisor Group Inc. now owns 6,676 shares of the virtualization software provider’s stock worth $1,117,000 after purchasing an additional 71 shares in the last quarter. Holderness Investments Co. grew its holdings in shares of VMware by 2.5% during the 2nd quarter. Holderness Investments Co. now owns 3,125 shares of the virtualization software provider’s stock worth $523,000 after purchasing an additional 75 shares in the last quarter. Finally, Forte Capital LLC ADV grew its holdings in shares of VMware by 0.3% during the 3rd quarter. Forte Capital LLC ADV now owns 27,083 shares of the virtualization software provider’s stock worth $4,064,000 after purchasing an additional 80 shares in the last quarter. 17.52% of the stock is currently owned by institutional investors.

VMW stock traded down $0.66 during trading on Thursday, hitting $151.45. The company had a trading volume of 599,751 shares, compared to its average volume of 1,462,985. The company has a fifty day moving average price of $146.81 and a two-hundred day moving average price of $171.64. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The company has a market cap of $62.16 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.38 and a beta of 0.88. VMware, Inc. has a fifty-two week low of $128.69 and a fifty-two week high of $206.80.

VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, August 22nd. The virtualization software provider reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.45. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.43 billion. VMware had a return on equity of 47.55% and a net margin of 66.00%. VMware’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 EPS. On average, analysts expect that VMware, Inc. will post 4.88 earnings per share for the current year.

In related news, VP Amy Fliegelman Olli sold 2,753 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $150.00, for a total value of $412,950.00. Following the sale, the vice president now owns 38,728 shares of the company’s stock, valued at approximately $5,809,200. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Rangarajan (Raghu) Raghuram sold 24,778 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $140.62, for a total value of $3,484,282.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,498 shares of company stock worth $11,190,610. 28.80% of the stock is owned by insiders.

Several analysts have recently weighed in on the company. Wells Fargo & Co raised VMware from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $140.00 to $180.00 in a report on Tuesday, October 1st. Monness Crespi & Hardt reissued a “hold” rating on shares of VMware in a report on Friday, August 23rd. Stifel Nicolaus decreased their price objective on VMware from $160.00 to $150.00 and set a “hold” rating on the stock in a report on Friday, August 23rd. Barclays decreased their price objective on VMware from $190.00 to $178.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. Finally, Royal Bank of Canada decreased their price objective on VMware from $210.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. VMware currently has a consensus rating of “Hold” and an average price target of $174.27.

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.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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