Public Employees Retirement System of Ohio boosted its position in shares of VMware, Inc. (NYSE:VMW) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,109 shares of the virtualization software provider’s stock after purchasing an additional 171 shares during the period. Public Employees Retirement System of Ohio’s holdings in VMware were worth $6,831,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VMW. Global Wealth Management Investment Advisory Inc. acquired a new stake in VMware during the second quarter valued at $34,000. Jacobi Capital Management LLC lifted its position in shares of VMware by 6,773.0% in the second quarter. Jacobi Capital Management LLC now owns 2,543 shares of the virtualization software provider’s stock worth $42,000 after buying an additional 2,506 shares during the last quarter. CKW Financial Group lifted its position in shares of VMware by 85.2% in the second quarter. CKW Financial Group now owns 300 shares of the virtualization software provider’s stock worth $46,000 after buying an additional 138 shares during the last quarter. Ameritas Investment Company LLC lifted its position in shares of VMware by 931.7% in the first quarter. Ameritas Investment Company LLC now owns 423 shares of the virtualization software provider’s stock worth $50,000 after buying an additional 382 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of VMware by 6,700.0% in the first quarter. Federated Hermes Inc. now owns 476 shares of the virtualization software provider’s stock worth $58,000 after buying an additional 469 shares during the last quarter. 18.54% of the stock is owned by hedge funds and other institutional investors.
VMW has been the subject of a number of analyst reports. Oppenheimer reaffirmed a “buy” rating and issued a $175.00 price target on shares of VMware in a research report on Friday, May 29th. Royal Bank of Canada boosted their price target on VMware from $181.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Tigress Financial reaffirmed a “buy” rating on shares of VMware in a research report on Monday, June 22nd. Barclays dropped their price objective on VMware from $175.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, August 28th. Finally, Zacks Investment Research lowered VMware from a “buy” rating to a “hold” rating and set a $143.00 price objective on the stock. in a research note on Monday, June 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. VMware currently has a consensus rating of “Buy” and an average target price of $167.17.
VMware (NYSE:VMW) last announced its earnings results on Thursday, August 27th. The virtualization software provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.45 by $0.36. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.80 billion. VMware had a return on equity of 27.92% and a net margin of 15.94%. VMware’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 EPS. On average, sell-side analysts anticipate that VMware, Inc. will post 4.4 EPS for the current fiscal year.
In other news, COO Rangarajan (Raghu) Raghuram sold 26,817 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $139.62, for a total value of $3,744,189.54. Following the transaction, the chief operating officer now directly owns 110,920 shares of the company’s stock, valued at approximately $15,486,650.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Sanjay Poonen sold 33,481 shares of the company’s stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $140.51, for a total value of $4,704,415.31. Following the transaction, the chief operating officer now directly owns 261,997 shares in the company, valued at approximately $36,813,198.47. The disclosure for this sale can be found here. Insiders sold a total of 88,772 shares of company stock worth $12,481,442 over the last three months. 28.50% of the stock is owned by company insiders.
VMware Company 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.
See Also: Net Margin
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