Glenmede Trust Co. NA reduced its stake in shares of VMware, Inc. (NYSE:VMW) by 12.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,289,782 shares of the virtualization software provider’s stock after selling 179,050 shares during the period. VMware makes up approximately 0.8% of Glenmede Trust Co. NA’s investment portfolio, making the stock its 16th biggest holding. Glenmede Trust Co. NA’s holdings in VMware were worth $189,559,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd acquired a new position in VMware during the first quarter valued at $106,000. Perigon Wealth Management LLC acquired a new position in VMware during the first quarter valued at $121,000. Moneta Group Investment Advisors LLC lifted its position in VMware by 217.5% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,000 shares of the virtualization software provider’s stock valued at $147,000 after purchasing an additional 685 shares during the period. Signet Financial Management LLC purchased a new position in VMware in the second quarter valued at $151,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in VMware in the first quarter valued at $167,000. Institutional investors and hedge funds own 20.11% of the company’s stock.
In other VMware news, CEO Patrick P. Gelsinger sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $152.13, for a total value of $3,803,250.00. Following the sale, the chief executive officer now directly owns 411,923 shares of the company’s stock, valued at approximately $62,665,845.99. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Maurizio Carli sold 3,779 shares of the stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $152.54, for a total transaction of $576,448.66. Following the completion of the sale, the executive vice president now directly owns 107,959 shares in the company, valued at $16,468,065.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,518 shares of company stock worth $19,067,627. Insiders own 29.90% of the company’s stock.
Shares of NYSE:VMW opened at $162.65 on Monday. VMware, Inc. has a 52 week low of $107.12 and a 52 week high of $165.00. The company has a current ratio of 3.01, a quick ratio of 3.04 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $62.79 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 2.46 and a beta of 0.57.
VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, August 23rd. The virtualization software provider reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. VMware had a net margin of 18.77% and a return on equity of 20.00%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the firm posted $1.19 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. research analysts forecast that VMware, Inc. will post 4.73 earnings per share for the current year.
A number of research analysts have weighed in on VMW shares. Credit Suisse Group lifted their price objective on shares of VMware from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 21st. Oppenheimer upped their price objective on shares of VMware from $135.00 to $165.00 and gave the company an “outperform” rating in a research note on Tuesday, May 22nd. Mizuho reaffirmed a “hold” rating and set a $125.00 price objective on shares of VMware in a research note on Thursday, May 24th. Robert W. Baird reiterated a “buy” rating and issued a $163.00 target price on shares of VMware in a report on Friday, June 1st. Finally, BMO Capital Markets upped their price objective on shares of VMware from $138.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, June 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company’s stock. VMware presently has a consensus rating of “Buy” and an average price target of $155.35.
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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