Stevens Capital Management LP Acquires New Stake in VMware, Inc. (NYSE:VMW)

Stevens Capital Management LP acquired a new stake in shares of VMware, Inc. (NYSE:VMW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,497 shares of the virtualization software provider’s stock, valued at approximately $585,000.

A number of other institutional investors have also recently bought and sold shares of VMW. Clarus Wealth Advisors purchased a new stake in VMware during the second quarter valued at $29,000. Coastal Capital Group Inc. purchased a new stake in VMware during the second quarter valued at $29,000. AdvisorNet Financial Inc increased its position in VMware by 629.0% during the second quarter. AdvisorNet Financial Inc now owns 226 shares of the virtualization software provider’s stock valued at $38,000 after acquiring an additional 195 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in VMware during the first quarter valued at $51,000. Finally, Hanson & Doremus Investment Management purchased a new stake in VMware during the first quarter valued at $53,000. Institutional investors own 17.82% of the company’s stock.

A number of analysts recently commented on VMW shares. Bank of America reiterated a “buy” rating and set a $225.00 price objective on shares of VMware in a research report on Friday, May 31st. KeyCorp reiterated an “overweight” rating and set a $214.00 price objective (up previously from $206.00) on shares of VMware in a research report on Friday, May 31st. Maxim Group restated a “hold” rating on shares of VMware in a research report on Friday, August 2nd. Deutsche Bank upped their price target on VMware from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Cleveland Research restated a “buy” rating on shares of VMware in a research report on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $192.23.



VMW traded up $1.37 during midday trading on Friday, reaching $143.72. The company had a trading volume of 2,510,800 shares, compared to its average volume of 1,325,383. 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 business has a 50-day moving average of $167.84 and a two-hundred day moving average of $177.84. The company has a market cap of $58.25 billion, a P/E ratio of 29.15, a P/E/G ratio of 2.20 and a beta of 0.81. VMware, Inc. has a 1 year low of $129.33 and a 1 year high of $206.80.

VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, May 30th. The virtualization software provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.42. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.25 billion. VMware had a return on equity of 36.48% and a net margin of 21.50%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. On average, equities research analysts predict that VMware, Inc. will post 4.87 EPS for the current year.

In other news, COO Rajiv Ramaswami sold 38,813 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $170.58, for a total value of $6,620,721.54. Following the completion of the transaction, the chief operating officer now owns 181,243 shares of the company’s stock, valued at $30,916,430.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider P. Kevan Krysler sold 2,661 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $173.96, for a total value of $462,907.56. Following the completion of the transaction, the insider now directly owns 34,774 shares of the company’s stock, valued at approximately $6,049,285.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,053 shares of company stock valued at $14,639,696. Corporate insiders own 28.80% of the company’s stock.

VMware 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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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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