Curbstone Financial Management Corp Invests $460,000 in VMware, Inc. (VMW)

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.

Institutional Ownership by Quarter for VMware (NYSE:VMW)

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