FinTrust Capital Advisors LLC decreased its position in VMware, Inc. (NYSE:VMW) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,682 shares of the virtualization software provider’s stock after selling 141 shares during the period. FinTrust Capital Advisors LLC’s holdings in VMware were worth $448,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. TRUE Private Wealth Advisors acquired a new position in VMware in the 2nd quarter worth $31,000. Chesapeake Wealth Management boosted its stake in VMware by 20.3% in the 2nd quarter. Chesapeake Wealth Management now owns 7,172 shares of the virtualization software provider’s stock worth $1,199,000 after purchasing an additional 1,210 shares during the period. TD Asset Management Inc. boosted its stake in VMware by 15.9% in the 2nd quarter. TD Asset Management Inc. now owns 158,199 shares of the virtualization software provider’s stock worth $26,452,000 after purchasing an additional 21,711 shares during the period. Westpac Banking Corp boosted its stake in VMware by 7.4% in the 2nd quarter. Westpac Banking Corp now owns 40,268 shares of the virtualization software provider’s stock worth $6,733,000 after purchasing an additional 2,786 shares during the period. Finally, Wedbush Securities Inc. boosted its stake in VMware by 4.6% in the 2nd quarter. Wedbush Securities Inc. now owns 18,679 shares of the virtualization software provider’s stock worth $3,123,000 after purchasing an additional 815 shares during the period. 17.82% of the stock is owned by institutional investors.
Shares of VMW stock traded down $10.20 on Thursday, reaching $142.89. The stock had a trading volume of 158,263 shares, compared to its average volume of 1,158,636. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 7.57. The stock’s 50-day moving average price is $169.03. The stock has a market capitalization of $64.76 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 2.44 and a beta of 0.81. VMware, Inc. has a 12 month low of $129.33 and a 12 month high of $206.80.
VMware (NYSE:VMW) last issued its earnings results on Thursday, May 30th. The virtualization software provider reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.42. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.25 billion. VMware had a net margin of 21.50% and a return on equity of 36.48%. VMware’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. Research analysts forecast that VMware, Inc. will post 4.87 earnings per share for the current year.
Several equities research analysts have commented on the stock. Deutsche Bank boosted their price target on shares of VMware from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Citigroup boosted their price target on shares of VMware from $201.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Zacks Investment Research cut shares of VMware from a “hold” rating to a “sell” rating and set a $178.00 price target on the stock. in a research report on Wednesday, June 5th. Morgan Stanley cut their price target on shares of VMware from $192.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Friday, May 31st. Finally, Maxim Group reissued a “hold” rating on shares of VMware in a research report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $192.23.
In other news, CFO Zane Rowe sold 22,579 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $175.21, for a total value of $3,956,066.59. Following the sale, the chief financial officer now directly owns 166,974 shares of the company’s stock, valued at approximately $29,255,514.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Rajiv Ramaswami sold 38,813 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $170.58, for a total transaction of $6,620,721.54. Following the completion of the sale, the chief operating officer now directly owns 181,243 shares in the company, valued at $30,916,430.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,053 shares of company stock worth $14,639,696. 28.80% of the stock is owned by insiders.
VMware Company Profile
VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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