Hanseatic Management Services Inc. Takes $723,000 Position in Vmware, Inc. (VMW)
Hanseatic Management Services Inc. bought a new position in Vmware, Inc. (NYSE:VMW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,618 shares of the virtualization software provider’s stock, valued at approximately $723,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Investec Asset Management LTD boosted its holdings in shares of Vmware by 3.0% during the second quarter. Investec Asset Management LTD now owns 2,669,142 shares of the virtualization software provider’s stock worth $233,363,000 after purchasing an additional 78,558 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Vmware by 25.7% during the second quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock worth $230,241,000 after purchasing an additional 538,393 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Vmware by 8.6% during the second quarter. JPMorgan Chase & Co. now owns 2,319,421 shares of the virtualization software provider’s stock worth $202,786,000 after purchasing an additional 184,648 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Vmware by 302.3% during the third quarter. APG Asset Management N.V. now owns 2,044,921 shares of the virtualization software provider’s stock worth $223,285,000 after purchasing an additional 1,536,600 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Vmware by 5.2% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,708,462 shares of the virtualization software provider’s stock worth $186,546,000 after purchasing an additional 84,571 shares during the period. 22.27% of the stock is currently owned by institutional investors and hedge funds.
VMW has been the subject of several research reports. Berenberg Bank restated a “hold” rating and set a $94.00 price target on shares of Vmware in a report on Tuesday, August 29th. Zacks Investment Research upgraded shares of Vmware from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a report on Wednesday, October 25th. Stifel Nicolaus restated a “buy” rating and set a $118.00 price target (up from $109.00) on shares of Vmware in a report on Friday, August 25th. BMO Capital Markets raised their price target on shares of Vmware from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Tuesday, August 15th. Finally, MKM Partners restated a “buy” rating and set a $120.00 price target (up from $110.00) on shares of Vmware in a report on Monday, August 28th. Fifteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $115.35.
In other Vmware news, Director Egon Durban sold 435,682 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total value of $47,624,399.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $107.82, for a total transaction of $646,920.00. The disclosure for this sale can be found here. Insiders sold a total of 466,314 shares of company stock worth $51,024,652 in the last three months. Insiders own 0.52% of the company’s stock.
Shares of Vmware, Inc. (NYSE:VMW) traded up $0.63 during trading on Wednesday, reaching $122.47. 1,931,800 shares of the company’s stock traded hands, compared to its average volume of 1,543,875. The company has a market cap of $50,080.00, a price-to-earnings ratio of 34.32, a PEG ratio of 2.79 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.98 and a quick ratio of 1.98. Vmware, Inc. has a 12-month low of $76.09 and a 12-month high of $122.63.
Vmware (NYSE:VMW) last announced its quarterly earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 EPS. sell-side analysts forecast that Vmware, Inc. will post 3.79 EPS for the current year.
Vmware announced that its Board of Directors has approved a stock buyback plan on Monday, August 14th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the virtualization software provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).
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