Janus Henderson Group PLC Reduces Position in VMware, Inc. (VMW)
Janus Henderson Group PLC lowered its stake in shares of VMware, Inc. (NYSE:VMW) by 6.8% during the first quarter, HoldingsChannel.com reports. The fund owned 80,534 shares of the virtualization software provider’s stock after selling 5,877 shares during the quarter. Janus Henderson Group PLC’s holdings in VMware were worth $14,538,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in VMW. Captrust Financial Advisors boosted its stake in VMware by 217.6% during the fourth quarter. Captrust Financial Advisors now owns 216 shares of the virtualization software provider’s stock worth $30,000 after buying an additional 148 shares in the last quarter. Parkside Financial Bank & Trust acquired a new stake in VMware during the fourth quarter worth $35,000. Meeder Asset Management Inc. acquired a new stake in VMware during the first quarter worth $51,000. Hanson & Doremus Investment Management acquired a new stake in VMware during the first quarter worth $53,000. Finally, Rational Advisors LLC boosted its stake in VMware by 10,166.7% during the fourth quarter. Rational Advisors LLC now owns 308 shares of the virtualization software provider’s stock worth $42,000 after buying an additional 305 shares in the last quarter. 17.74% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on VMW shares. Zacks Investment Research downgraded shares of VMware from a “buy” rating to a “sell” rating in a research note on Wednesday, January 30th. Evercore ISI started coverage on shares of VMware in a research note on Monday, February 4th. They set an “in-line” rating and a $160.00 price target on the stock. Bank of America lifted their price target on shares of VMware from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 27th. BMO Capital Markets reiterated an “outperform” rating and set a $195.00 price target (up previously from $170.00) on shares of VMware in a research note on Friday, March 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $203.00 price target on shares of VMware in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $186.52.
VMware (NYSE:VMW) last issued its earnings results on Thursday, February 28th. The virtualization software provider reported $1.60 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company earned $1.68 EPS. On average, sell-side analysts forecast that VMware, Inc. will post 4.87 EPS for the current year.
In other news, EVP Maurizio Carli sold 5,446 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $174.25, for a total value of $948,965.50. Following the sale, the executive vice president now owns 69,908 shares in the company, valued at approximately $12,181,469. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger sold 21,086 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $178.74, for a total transaction of $3,768,911.64. Following the completion of the sale, the chief executive officer now owns 277,920 shares in the company, valued at approximately $49,675,420.80. The disclosure for this sale can be found here. Insiders sold a total of 315,896 shares of company stock worth $58,151,231 in the last 90 days. 29.90% of the stock is owned by corporate insiders.
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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