Curbstone Financial Management Corp purchased a new position in VMware, Inc. (NYSE:VMW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,130 shares of the virtualization software provider’s stock, valued at approximately $460,000.
Several other hedge funds also recently made changes to their positions in VMW. Amalgamated Bank grew its stake in shares of VMware by 11.2% in the fourth quarter. Amalgamated Bank now owns 8,297 shares of the virtualization software provider’s stock worth $1,040,000 after acquiring an additional 833 shares during the period. Geode Capital Management LLC grew its stake in shares of VMware by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 525,348 shares of the virtualization software provider’s stock worth $65,792,000 after acquiring an additional 21,396 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in shares of VMware in the fourth quarter worth approximately $4,826,000. MML Investors Services LLC grew its stake in shares of VMware by 26.6% in the fourth quarter. MML Investors Services LLC now owns 3,736 shares of the virtualization software provider’s stock worth $468,000 after acquiring an additional 784 shares during the period. Finally, ETRADE Capital Management LLC grew its stake in shares of VMware by 12.7% in the fourth quarter. ETRADE Capital Management LLC now owns 8,144 shares of the virtualization software provider’s stock worth $1,021,000 after acquiring an additional 918 shares during the period. Hedge funds and other institutional investors own 20.13% of the company’s stock.
In other news, COO Rajiv Ramaswami sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $132.85, for a total value of $1,328,500.00. Following the transaction, the chief operating officer now owns 307,763 shares of the company’s stock, valued at $40,886,314.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Sanjay Poonen sold 20,000 shares of the business’s stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $160.15, for a total transaction of $3,203,000.00. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock worth $8,811,300 in the last three months. Insiders own 29.90% of the company’s stock.
Shares of VMware opened at $157.68 on Friday, MarketBeat reports. VMware, Inc. has a 1-year low of $87.54 and a 1-year high of $165.00. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.44. The company has a market cap of $65.25 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 2.93 and a beta of 0.72.
VMware (NYSE:VMW) last released its earnings results on Thursday, May 31st. The virtualization software provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. VMware had a net margin of 15.61% and a return on equity of 19.58%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. equities research analysts predict that VMware, Inc. will post 4.47 EPS for the current fiscal year.
VMW has been the subject of a number of research analyst reports. Maxim Group lifted their price target on shares of VMware from $134.00 to $142.00 and gave the stock a “hold” rating in a research note on Friday, June 1st. Zacks Investment Research downgraded shares of VMware from a “strong-buy” rating to a “hold” rating in a report on Friday, May 4th. Credit Suisse Group raised their price objective on shares of VMware from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, June 1st. Barclays reissued an “overweight” rating and issued a $172.00 price objective (up previously from $160.00) on shares of VMware in a report on Tuesday. Finally, TheStreet downgraded shares of VMware from a “b” rating to a “c” rating in a report on Friday, June 1st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $142.52.
VMware Company Profile
VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.
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