Sciencast Management LP Takes Position in VMware, Inc. (VMW)

Sciencast Management LP bought a new position in VMware, Inc. (NYSE:VMW) during the 1st quarter, HoldingsChannel.com reports. The fund bought 7,848 shares of the virtualization software provider’s stock, valued at approximately $1,462,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of VMware by 1.9% in the third quarter. Vanguard Group Inc. now owns 4,387,621 shares of the virtualization software provider’s stock worth $684,732,000 after acquiring an additional 82,729 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of VMware by 1.9% during the third quarter. Vanguard Group Inc now owns 4,387,621 shares of the virtualization software provider’s stock worth $684,732,000 after purchasing an additional 82,729 shares during the period. Investec Asset Management LTD boosted its holdings in shares of VMware by 1.9% during the fourth quarter. Investec Asset Management LTD now owns 2,433,549 shares of the virtualization software provider’s stock worth $333,713,000 after purchasing an additional 45,534 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of VMware by 0.3% during the third quarter. Clearbridge Investments LLC now owns 2,304,551 shares of the virtualization software provider’s stock worth $359,648,000 after purchasing an additional 7,342 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of VMware by 3.2% during the third quarter. AQR Capital Management LLC now owns 1,224,799 shares of the virtualization software provider’s stock worth $191,142,000 after purchasing an additional 37,753 shares during the period. 17.94% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Amy Fliegelman Olli sold 1,723 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $178.98, for a total transaction of $308,382.54. Following the transaction, the vice president now owns 34,332 shares of the company’s stock, valued at $6,144,741.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sanjay Poonen sold 50,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $182.60, for a total transaction of $9,130,000.00. Following the transaction, the chief operating officer now directly owns 308,556 shares in the company, valued at approximately $56,342,325.60. The disclosure for this sale can be found here. Insiders sold 248,577 shares of company stock valued at $44,873,977 over the last 90 days. 29.90% of the stock is owned by corporate insiders.

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

Shares of VMware stock traded down $1.02 on Monday, reaching $191.79. The stock had a trading volume of 26,198 shares, compared to its average volume of 1,113,656. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 7.70. VMware, Inc. has a fifty-two week low of $120.53 and a fifty-two week high of $193.60. The stock has a market capitalization of $79.64 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 3.04 and a beta of 0.77.

VMware (NYSE:VMW) last issued its quarterly earnings data on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share 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 business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company earned $1.68 earnings per share. As a group, research 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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