Procyon Advisors LLC lowered its stake in VMware, Inc. (NYSE: VMW – Get Rating) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,560 shares of the virtualization software provider’s stock after selling 98 shares during the quarter. Procyon Advisors LLC’s holdings in VMware were worth $ 405,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Silver Lake Group LLC acquired a new stake in shares of VMware in the fourth quarter valued at about $ 4,872,849,000. Dodge & Cox increased its position in shares of VMware by 206.5% in the fourth quarter. Dodge & Cox now owns 25,453,582 shares of the virtualization software provider’s stock valued at $ 2,949,561,000 after acquiring an additional 17,149,182 shares during the last quarter. BlackRock Inc. grew its holdings in VMware by 55.2% during the fourth quarter. BlackRock Inc. now owns 12,773,659 shares of the virtualization software provider’s stock worth $ 1,480,211,000 after purchasing an additional 4,541,555 shares during the period. State Street Corp grew its holdings in VMware by 142.8% during the fourth quarter. State Street Corp now owns 5,229,263 shares of the virtualization software provider’s stock worth $ 605,967,000 after purchasing an additional 3,075,313 shares during the period. Finally, First Trust Advisors LP grew its holdings in VMware by 26.8% during the fourth quarter. First Trust Advisors LP now owns 3,766,440 shares of the virtualization software provider’s stock worth $ 436,455,000 after purchasing an additional 796,972 shares during the period. 47.04% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the company. Royal Bank of Canada cut VMware from an “outperform” rating to a “sector perform” rating in a report on Thursday, May 26th. Jefferies Financial Group reduced their price target on VMware from $ 125.00 to $ 105.00 in a report on Monday, May 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on VMware from $ 135.00 to $ 142.50 in a report on Tuesday, May 31st. Monness Crespi & Hardt reduced their price target on VMware to $ 136.00 and set a “sector weight” rating for the company in a report on Thursday, May 19th. Finally, StockNews.com cut VMware from a “strong-buy” rating to a “buy” rating in a report on Friday, May 27th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $ 139.91.
Shares of VMW stock opened at $ 116.25 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.90. The stock has a market cap of $ 48.99 billion, a P / E ratio of 30.04, a price-to-earnings-growth ratio of 1.50 and a beta of 0.67. The stock has a 50 day simple moving average of $ 114.11 and a 200 day simple moving average of $ 117.32. VMware, Inc. has a 1 year low of $ 91.53 and a 1 year high of $ 167.83.
VMware (NYSE: VMW – Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The virtualization software provider reported $ 1.28 earnings per share (EPS) for the quarter, missing the estimate consensus of $ 1.56 by ($ 0.28). VMware had a net margin of 12.65% and a return on equity of 41.24%. The company had revenue of $ 3.09 billion during the quarter, compared to the consensus estimate of $ 3.19 billion. During the same quarter last year, the firm posted $ 1.24 earnings per share. The company quarterly revenue was up 3.1% on a year-over-year basis. Analysts forecast that VMware, Inc. will post 4.63 EPS for the current year.
In other VMware news, CFO Zane Rowe sold 34,172 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $ 114.61, for a total transaction of $ 3,916,452.92. Following the completion of the transaction, the chief financial officer now directly owns 171,042 shares in the company, valued at $ 19,603,123.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jean Pierre Brulard sold 7,656 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $ 114.04, for a total transaction of $ 873,090.24. Following the transaction, the executive vice president now owns 79,485 shares of the company stock, valued at $ 9,064,469.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,197 shares of company stock valued at $ 10,203,013. Company insiders own 40.30% of the company stock.
VMware Profile: (Get Rating)
VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as the VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise -ready cloud infrastructure for private and public clouds.
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