Cambridge Investment Research Advisors Inc. increased its stake in shares of VMware, Inc. (NYSE:VMW – Free Report) by 24.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,400 shares of the virtualization software provider’s stock after purchasing an additional 3,272 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in VMware were worth $2,357,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its position in VMware by 7.7% during the 1st quarter. Handelsbanken Fonder AB now owns 34,030 shares of the virtualization software provider’s stock worth $4,249,000 after purchasing an additional 2,429 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in VMware during the 1st quarter worth approximately $204,000. Harbor Capital Advisors Inc. increased its position in VMware by 491.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,116 shares of the virtualization software provider’s stock worth $514,000 after purchasing an additional 3,420 shares in the last quarter. Empowered Funds LLC acquired a new position in VMware during the 1st quarter worth approximately $270,000. Finally, Calamos Advisors LLC increased its position in VMware by 56.7% during the 1st quarter. Calamos Advisors LLC now owns 298,500 shares of the virtualization software provider’s stock worth $37,268,000 after purchasing an additional 108,000 shares in the last quarter. 46.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
VMW has been the subject of a number of research analyst reports. Piper Sandler upped their price objective on shares of VMware from $125.00 to $134.00 in a research report on Friday, June 2nd. UBS Group boosted their target price on shares of VMware from $180.00 to $182.00 and gave the stock a “neutral” rating in a report on Friday, September 1st. StockNews.com raised shares of VMware from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 7th. BMO Capital Markets boosted their target price on shares of VMware from $140.00 to $160.00 and gave the stock a “market perform” rating in a report on Friday, September 1st. Finally, Mizuho boosted their target price on shares of VMware from $158.00 to $165.00 in a report on Friday, September 1st. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $160.25.
Insider Activity
In related news, EVP Jean Pierre Brulard sold 3,600 shares of the stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $141.51, for a total transaction of $509,436.00. Following the transaction, the executive vice president now directly owns 103,905 shares of the company’s stock, valued at $14,703,596.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 40.30% of the company’s stock.
VMware Trading Down 0.3 %
NYSE:VMW opened at $166.48 on Friday. The firm’s fifty day moving average is $162.21 and its 200-day moving average is $142.58. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.87 and a current ratio of 0.87. VMware, Inc. has a 52 week low of $103.55 and a 52 week high of $170.19. The firm has a market cap of $71.88 billion, a P/E ratio of 50.30 and a beta of 0.72.
VMware (NYSE:VMW – Get Free Report) last posted its quarterly earnings data on Thursday, August 31st. The virtualization software provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.12. VMware had a net margin of 10.48% and a return on equity of 113.34%. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the firm posted $0.99 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts expect that VMware, Inc. will post 4.92 earnings per share for the current year.
VMware Company Profile
VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and 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; and vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with VMware Aria Cloud Management into an integrated stack that delivers ready cloud infrastructure for private and public clouds.
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