VMware, Inc. (VMW) Position Held by Pictet & Cie Europe SA

Pictet & Cie Europe SA continued to hold its position in VMware, Inc. (NYSE:VMW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,400 shares of the virtualization software provider’s stock at the end of the first quarter. Pictet & Cie Europe SA’s holdings in VMware were worth $498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dodge & Cox acquired a new position in VMware during the fourth quarter worth about $745,926,000. Investec Asset Management LTD boosted its stake in shares of VMware by 70.1% in the fourth quarter. Investec Asset Management LTD now owns 2,625,594 shares of the virtualization software provider’s stock worth $206,713,000 after buying an additional 1,082,314 shares during the period. Old Mutual Global Investors UK Ltd. boosted its stake in shares of VMware by 846.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,155,079 shares of the virtualization software provider’s stock worth $106,428,000 after buying an additional 1,033,040 shares during the period. Wells Fargo & Company MN boosted its stake in shares of VMware by 163.9% in the first quarter. Wells Fargo & Company MN now owns 1,612,242 shares of the virtualization software provider’s stock worth $148,552,000 after buying an additional 1,001,289 shares during the period. Finally, Paulson & CO. Inc. acquired a new position in shares of VMware during the fourth quarter valued at about $78,116,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for VMware (NYSE:VMW)

Shares of VMware, Inc. (NYSE:VMW) traded down 0.47% during mid-day trading on Tuesday, hitting $88.36. The company’s stock had a trading volume of 332,888 shares. The company has a market cap of $36.09 billion, a price-to-earnings ratio of 31.81 and a beta of 0.71. The stock’s 50 day moving average price is $92.95 and its 200 day moving average price is $88.76. VMware, Inc. has a 52-week low of $55.12 and a 52-week high of $98.00.

VMware (NYSE:VMW) last issued its earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.04. VMware had a return on equity of 11.51% and a net margin of 13.36%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. Equities analysts forecast that VMware, Inc. will post $4.92 EPS for the current year.

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A number of equities analysts have weighed in on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $98.00 price target on shares of VMware in a research report on Wednesday, April 5th. Royal Bank Of Canada upped their price objective on VMware from $97.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 31st. BTIG Research restated a “neutral” rating on shares of VMware in a research note on Saturday, June 3rd. BidaskClub cut VMware from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Maxim Group restated a “hold” rating and issued a $96.00 price target on shares of VMware in a research note on Friday, June 2nd. Twenty equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. VMware has an average rating of “Hold” and a consensus target price of $94.21.

In related news, Director Egon Durban sold 666,354 shares of VMware stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $89.14, for a total value of $59,398,795.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurizio Carli sold 11,237 shares of VMware stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $94.66, for a total value of $1,063,694.42. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

About VMware

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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