Moors & Cabot Inc. acquired a new position in VMware, Inc. (NYSE:VMW – Free Report) 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
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 – Get Free Report) 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.
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