Quantbot Technologies LP acquired a new position in shares of VMware Inc. (NYSE:VMW) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 29,029 shares of the virtualization software provider’s stock, valued at approximately $1,661,000.
Other institutional investors have also recently bought and sold shares of the company. Dodge & Cox raised its position in VMware by 227.2% in the first quarter. Dodge & Cox now owns 9,164,491 shares of the virtualization software provider’s stock worth $479,395,000 after buying an additional 6,363,556 shares during the period. Renaissance Technologies LLC raised its position in VMware by 76.3% in the first quarter. Renaissance Technologies LLC now owns 2,285,300 shares of the virtualization software provider’s stock worth $119,544,000 after buying an additional 989,100 shares during the period. Panagora Asset Management Inc. raised its position in VMware by 16,788.4% in the first quarter. Panagora Asset Management Inc. now owns 410,387 shares of the virtualization software provider’s stock worth $21,467,000 after buying an additional 407,957 shares during the period. A.R.T. Advisors LLC purchased a new position in VMware during the first quarter worth $11,368,000. Finally, Jacobs Levy Equity Management Inc. raised its position in VMware by 61.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 440,688 shares of the virtualization software provider’s stock worth $23,052,000 after buying an additional 167,687 shares during the period. Hedge funds and other institutional investors own 22.02% of the company’s stock.
Shares of VMware Inc. (NYSE:VMW) traded up 2.48% during midday trading on Friday, reaching $77.65. The company’s stock had a trading volume of 4,281,471 shares. VMware Inc. has a 52-week low of $43.25 and a 52-week high of $77.98. The company has a market capitalization of $32.14 billion, a price-to-earnings ratio of 29.51 and a beta of 1.24. The stock has a 50 day moving average price of $73.51 and a 200-day moving average price of $65.99.
VMware (NYSE:VMW) last issued its quarterly earnings data on Wednesday, October 26th. The virtualization software provider reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.04. VMware had a return on equity of 15.93% and a net margin of 16.14%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $296.82 million. During the same period last year, the business earned $1.02 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that VMware Inc. will post $4.36 EPS for the current year.
VMW has been the topic of several research analyst reports. Pacific Crest restated a “sector perform” rating on shares of VMware in a research report on Monday, September 5th. Maxim Group boosted their target price on shares of VMware from $68.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, July 19th. Citigroup Inc. lowered shares of VMware from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $99.00 to $79.00 in a research report on Tuesday, July 26th. Jefferies Group restated a “buy” rating and set a $83.00 target price on shares of VMware in a research report on Wednesday, July 6th. Finally, Morgan Stanley initiated coverage on shares of VMware in a research report on Monday, July 25th. They set an “overweight” rating and a $86.00 target price on the stock. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.00.
In related news, VP S. Dawn Smith sold 977 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $73.59, for a total value of $71,897.43. Following the transaction, the vice president now directly owns 54,653 shares of the company’s stock, valued at approximately $4,021,914.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.
VMware Company Profile
VMware, Inc is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC).