M&T Bank Corp lessened its holdings in VMware (NYSE:VMW) by 14.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,047 shares of the virtualization software provider’s stock after selling 2,267 shares during the quarter. M&T Bank Corp’s holdings in VMware were worth $1,582,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Coatue Management LLC acquired a new position in shares of VMware during the fourth quarter valued at $156,584,000. Allianz Asset Management GmbH boosted its holdings in shares of VMware by 3,351.4% during the fourth quarter. Allianz Asset Management GmbH now owns 541,010 shares of the virtualization software provider’s stock valued at $67,799,000 after acquiring an additional 525,335 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of VMware by 19.9% during the fourth quarter. Renaissance Technologies LLC now owns 2,656,100 shares of the virtualization software provider’s stock valued at $332,862,000 after acquiring an additional 441,500 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of VMware by 4,589.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 415,050 shares of the virtualization software provider’s stock valued at $52,014,000 after acquiring an additional 406,200 shares during the period. Finally, Fred Alger Management Inc. boosted its holdings in shares of VMware by 54,509.5% during the fourth quarter. Fred Alger Management Inc. now owns 356,054 shares of the virtualization software provider’s stock valued at $44,621,000 after acquiring an additional 355,402 shares during the period. 21.36% of the stock is owned by hedge funds and other institutional investors.
Get VMware alerts:Shares of VMware opened at $138.99 on Friday, MarketBeat Ratings reports. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.54. VMware has a 52 week low of $85.45 and a 52 week high of $165.00. The stock has a market capitalization of $55.96 billion, a price-to-earnings ratio of 36.01, a price-to-earnings-growth ratio of 2.50 and a beta of 0.74.
VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.62 by $0.06. VMware had a net margin of 7.18% and a return on equity of 19.84%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the business earned $1.43 earnings per share. VMware’s revenue for the quarter was up 13.6% compared to the same quarter last year. analysts predict that VMware will post 4.53 earnings per share for the current year.
Several equities analysts have recently issued reports on VMW shares. Deutsche Bank boosted their price target on shares of VMware from $145.00 to $175.00 and gave the company a “buy” rating in a report on Monday, January 29th. Nomura started coverage on shares of VMware in a report on Tuesday, January 23rd. They set a “reduce” rating and a $108.00 price target for the company. Citigroup downgraded shares of VMware from a “buy” rating to a “neutral” rating and set a $124.00 price target for the company. in a report on Monday, February 5th. Zacks Investment Research downgraded shares of VMware from a “hold” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $135.00 price objective on shares of VMware in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $131.42.
In other VMware news, COO Rajiv Ramaswami sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $132.85, for a total value of $1,328,500.00. Following the sale, the chief operating officer now directly owns 307,763 shares in the company, valued at $40,886,314.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 34.40% of the stock is currently owned by insiders.
About VMware
VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.
No comments:
Post a Comment