Gillespie Robinson & Grimm Inc. reduced its stake in shares of VMware, Inc. (NYSE:VMW) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 203,851 shares of the virtualization software provider’s stock after selling 4,529 shares during the period. VMware accounts for approximately 3.8% of Gillespie Robinson & Grimm Inc.’s investment portfolio, making the stock its 7th biggest position. Gillespie Robinson & Grimm Inc.’s holdings in VMware were worth $31,813,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC raised its position in VMware by 217.5% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,000 shares of the virtualization software provider’s stock worth $147,000 after purchasing an additional 685 shares during the last quarter. Signet Financial Management LLC bought a new position in VMware during the 2nd quarter worth $151,000. Hilltop Holdings Inc. bought a new position in VMware during the 2nd quarter worth $204,000. Physicians Financial Services Inc. bought a new position in VMware during the 2nd quarter worth $206,000. Finally, Dowling & Yahnke LLC bought a new position in VMware during the 2nd quarter worth $214,000. 20.02% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Patrick P. Gelsinger sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $152.13, for a total value of $3,803,250.00. Following the completion of the sale, the chief executive officer now directly owns 411,923 shares in the company, valued at approximately $62,665,845.99. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Maurizio Carli sold 3,779 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $152.54, for a total value of $576,448.66. Following the completion of the sale, the executive vice president now owns 107,959 shares of the company’s stock, valued at $16,468,065.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,263 shares of company stock valued at $6,327,817. 29.90% of the stock is currently owned by company insiders.
Several research analysts recently issued reports on the company. Raymond James raised their target price on VMware from $153.00 to $174.00 in a research report on Thursday, July 5th. Oppenheimer increased their price target on VMware from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 31st. JPMorgan Chase & Co. increased their price target on VMware from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. Maxim Group increased their price target on VMware from $142.00 to $150.00 and gave the stock a “hold” rating in a report on Friday, August 24th. Finally, KeyCorp increased their price target on VMware from $160.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $156.82.
Shares of VMW traded down $2.08 during trading hours on Thursday, hitting $146.08. The stock had a trading volume of 25,624 shares, compared to its average volume of 2,074,499. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market cap of $63.79 billion, a PE ratio of 38.35, a P/E/G ratio of 2.49 and a beta of 0.60. VMware, Inc. has a 1-year low of $108.46 and a 1-year high of $165.00.
VMware (NYSE:VMW) last issued its earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.15 billion. VMware had a return on equity of 20.00% and a net margin of 18.77%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $1.19 EPS. Analysts expect that VMware, Inc. will post 4.73 EPS for the current fiscal year.
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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