TrimTabs Asset Management LLC Acquires New Shares in VMware, Inc. (NYSE:VMW)


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TrimTabs Asset Management LLC bought a new position in shares of VMware, Inc. (NYSE:VMW) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,528 shares of the virtualization software provider’s stock, valued at approximately $1,004,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Silver Lake Advisory LLC bought a new position in shares of VMware during the 4th quarter worth about $2,105,000. RWM Asset Management LLC bought a new stake in VMware during the fourth quarter worth about $33,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of VMware during the fourth quarter worth approximately $33,000. Bartlett & Co. LLC lifted its position in shares of VMware by 525.0% during the fourth quarter. Bartlett & Co. LLC now owns 250 shares of the virtualization software provider’s stock worth $35,000 after purchasing an additional 210 shares in the last quarter. Finally, Perigon Wealth Management LLC acquired a new position in shares of VMware during the fourth quarter worth approximately $39,000. 16.90% of the stock is owned by hedge funds and other institutional investors.

VMware stock traded down $1.67 during trading on Thursday, reaching $151.90. The company had a trading volume of 3,998 shares, compared to its average volume of 1,439,998. VMware, Inc. has a 1-year low of $121.78 and a 1-year high of $161.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 0.90. The firm’s 50-day simple moving average is $146.26 and its 200 day simple moving average is $133.01. The firm has a market capitalization of $63.68 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87.

VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, February 25th. The virtualization software provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.78. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.23 billion. VMware had a net margin of 13.75% and a return on equity of 27.10%. Analysts anticipate that VMware, Inc. will post 4.72 EPS for the current year.

In related news, COO Rangarajan (Raghu) Raghuram sold 5,942 shares of the company’s stock in a transaction on Friday, February 5th. The shares were sold at an average price of $145.62, for a total value of $865,274.04. Following the completion of the sale, the chief operating officer now owns 197,975 shares in the company, valued at approximately $28,829,119.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Amy Fliegelman Olli sold 19,386 shares of the company’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $153.12, for a total transaction of $2,968,384.32. Following the transaction, the executive vice president now owns 80,439 shares of the company’s stock, valued at approximately $12,316,819.68. The disclosure for this sale can be found here. In the last three months, insiders sold 103,105 shares of company stock valued at $15,668,712. Insiders own 28.50% of the company’s stock.

Several research firms have weighed in on VMW. BMO Capital Markets lowered shares of VMware from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $157.00 to $148.00 in a report on Wednesday, January 13th. Cleveland Research downgraded shares of VMware from a “buy” rating to a “neutral” rating in a research report on Thursday, February 11th. Zacks Investment Research raised shares of VMware from a “sell” rating to a “hold” rating and set a $146.00 target price for the company in a report on Thursday, March 4th. Bank of America initiated coverage on shares of VMware in a report on Thursday. They issued a “neutral” rating for the company. Finally, UBS Group cut their price target on shares of VMware from $152.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, January 14th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. VMware presently has an average rating of “Buy” and a consensus target price of $170.16.

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. It 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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