Morgan Stanley increased its position in shares of Vmware, Inc. (NYSE:VMW) by 12.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 578,052 shares of the virtualization software provider’s stock after buying an additional 64,824 shares during the period. Morgan Stanley’s holdings in Vmware were worth $53,261,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Financial Architects Inc bought a new stake in Vmware during the first quarter worth about $140,000. Advantage Investment Management LLC acquired a new position in shares of Vmware during the first quarter valued at $139,000. Penserra Capital Management LLC raised its position in shares of Vmware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock valued at $169,000 after buying an additional 160 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Vmware by 34.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,887 shares of the virtualization software provider’s stock valued at $149,000 after buying an additional 483 shares during the last quarter. Finally, VNBTrust National Association acquired a new position in shares of Vmware during the first quarter valued at $203,000. Institutional investors and hedge funds own 21.85% of the company’s stock.
Shares of Vmware, Inc. (NYSE:VMW) opened at 90.66 on Tuesday. Vmware, Inc. has a 52-week low of $55.12 and a 52-week high of $98.00. The stock’s 50 day moving average is $92.77 and its 200-day moving average is $88.83. The firm has a market capitalization of $37.03 billion, a P/E ratio of 32.63 and a beta of 0.71.
Vmware (NYSE:VMW) last posted its quarterly earnings data on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Vmware had a net margin of 17.36% and a return on equity of 17.19%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share. On average, equities analysts forecast that Vmware, Inc. will post $4.93 earnings per share for the current fiscal year.
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Several brokerages recently weighed in on VMW. Stifel Nicolaus upgraded Vmware from a “hold” rating to a “buy” rating and increased their price objective for the stock from $96.00 to $109.00 in a research report on Wednesday, June 21st. Mizuho reiterated a “neutral” rating and issued a $90.00 price objective (up from $84.00) on shares of Vmware in a research report on Saturday, June 3rd. Bank of America Corporation reiterated a “neutral” rating and issued a $108.00 price objective (up from $100.00) on shares of Vmware in a research report on Saturday, June 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 price objective (up from $105.00) on shares of Vmware in a research report on Saturday, June 3rd. Finally, Maxim Group reiterated a “hold” rating and issued a $96.00 price objective on shares of Vmware in a research report on Friday, June 2nd. Nineteen analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $94.68.
In other news, EVP Maurizio Carli sold 11,237 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $94.66, for a total value of $1,063,694.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Egon Durban sold 666,354 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $89.14, for a total transaction of $59,398,795.56. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).
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