Sciencast Management LP Acquires New Stake in VMware, Inc. (VMW)

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Sciencast Management LP acquired a new position in VMware, Inc. (NYSE:VMW) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,848 shares of the virtualization software provider’s stock, valued at approximately $1,462,000.

Several other institutional investors have also added to or reduced their stakes in VMW. CI Investments Inc. increased its position in shares of VMware by 192.4% in the third quarter. CI Investments Inc. now owns 46,673 shares of the virtualization software provider’s stock worth $7,284,000 after acquiring an additional 30,710 shares in the last quarter. FMR LLC grew its holdings in VMware by 3.0% during the 3rd quarter. FMR LLC now owns 27,273 shares of the virtualization software provider’s stock valued at $4,257,000 after purchasing an additional 785 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in VMware by 20.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 105,511 shares of the virtualization software provider’s stock valued at $16,466,000 after purchasing an additional 17,948 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in VMware during the 3rd quarter valued at $181,000. Finally, First Republic Investment Management Inc. grew its holdings in VMware by 5.5% during the 3rd quarter. First Republic Investment Management Inc. now owns 6,605 shares of the virtualization software provider’s stock valued at $1,030,000 after purchasing an additional 342 shares in the last quarter. 17.94% of the stock is owned by institutional investors.

A number of research firms recently weighed in on VMW. Wedbush raised their price target on shares of VMware from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday. Mizuho began coverage on shares of VMware in a report on Wednesday, March 13th. They set a “neutral” rating and a $160.00 price target for the company. Goldman Sachs Group lowered shares of VMware from a “neutral” rating to a “sell” rating and set a $177.00 price target for the company. in a report on Wednesday, March 6th. Nomura set a $130.00 price target on shares of VMware and gave the company a “sell” rating in a report on Friday, March 1st. Finally, Barclays raised their price target on shares of VMware from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. VMware currently has a consensus rating of “Hold” and a consensus target price of $180.48.

In related news, CFO Zane Rowe sold 48,630 shares of VMware stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $183.25, for a total value of $8,911,447.50. Following the sale, the chief financial officer now directly owns 191,199 shares in the company, valued at approximately $35,037,216.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider P. Kevan Krysler sold 11,993 shares of VMware stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.04, for a total transaction of $2,207,191.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 248,577 shares of company stock worth $44,873,977. Insiders own 29.90% of the company’s stock.

Shares of VMware stock traded down $1.02 during trading hours on Monday, reaching $191.79. The company’s stock had a trading volume of 26,198 shares, compared to its average volume of 1,113,656. The company has a debt-to-equity ratio of 7.70, a quick ratio of 0.99 and a current ratio of 0.99. VMware, Inc. has a one year low of $120.53 and a one year high of $193.60. The company has a market cap of $79.64 billion, a P/E ratio of 38.95, a PEG ratio of 3.04 and a beta of 0.77.

VMware (NYSE:VMW) last posted its quarterly earnings results on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.10. VMware had a net margin of 26.99% and a return on equity of 25.50%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm posted $1.68 EPS. As a group, sell-side analysts predict that VMware, Inc. will post 4.94 earnings per share for the current year.

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About VMware

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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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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