Moors & Cabot Inc. Makes New $205,000 Investment in VMware, Inc. (NYSE:VMW)

Moors & Cabot Inc. acquired a new position in VMware, Inc. (NYSE:VMW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,424 shares of the virtualization software provider’s stock, valued at approximately $205,000.

Several other hedge funds have also bought and sold shares of VMW. MetLife Investment Management LLC purchased a new stake in VMware in the 1st quarter worth approximately $928,000. Yousif Capital Management LLC raised its stake in shares of VMware by 59.7% during the 1st quarter. Yousif Capital Management LLC now owns 4,648 shares of the virtualization software provider’s stock worth $529,000 after buying an additional 1,738 shares during the period. Blair William & Co. IL raised its stake in shares of VMware by 24.7% during the 1st quarter. Blair William & Co. IL now owns 8,837 shares of the virtualization software provider’s stock worth $1,006,000 after buying an additional 1,752 shares during the period. Aviva PLC raised its stake in shares of VMware by 8.0% during the 1st quarter. Aviva PLC now owns 72,308 shares of the virtualization software provider’s stock worth $8,234,000 after buying an additional 5,351 shares during the period. Finally, Prudential PLC acquired a new position in shares of VMware during the 1st quarter worth approximately $419,000. Hedge funds and other institutional investors own 46.70% of the company’s stock.

Insider Transactions at VMware

In other news, EVP Jean Pierre Brulard sold 5,779 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $178.29, for a total transaction of $1,030,337.91. Following the completion of the transaction, the executive vice president now directly owns 71,053 shares in the company, valued at approximately $12,668,039.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 40.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on VMW. StockNews.com began coverage on VMware in a research note on Thursday, October 5th. They set a “strong-buy” rating for the company. Mizuho increased their price objective on VMware from $158.00 to $165.00 in a research note on Friday, September 1st. UBS Group increased their price objective on VMware from $180.00 to $182.00 and gave the company a “neutral” rating in a research note on Friday, September 1st. Monness Crespi & Hardt downgraded VMware from a “buy” rating to a “neutral” rating in a research note on Monday, August 28th. Finally, BMO Capital Markets increased their price objective on VMware from $140.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $160.25.

VMware Stock Up 0.2 %

Shares of NYSE:VMW opened at $149.97 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 3.71. The business has a fifty day moving average of $158.97 and a two-hundred day moving average of $151.21. The stock has a market cap of $64.76 billion, a P/E ratio of 45.31 and a beta of 0.71. VMware, Inc. has a 52-week low of $109.00 and a 52-week high of $181.14.

VMware (NYSE:VMW) last issued its earnings results on Thursday, August 31st. The virtualization software provider reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.12. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.45 billion. VMware had a return on equity of 113.34% and a net margin of 10.48%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. On average, research analysts expect that VMware, Inc. will post 4.92 earnings per share for the current year.

VMware Company Profile

VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; and vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with VMware Aria Cloud Management into an integrated stack that delivers ready cloud infrastructure for private and public clouds.