Enterprise Financial Services Corp increased its stake in Vmware, Inc. (NYSE:VMW) by 3,975.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,671 shares of the virtualization software provider’s stock after purchasing an additional 1,630 shares during the period. Enterprise Financial Services Corp’s holdings in Vmware were worth $182,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Alps Advisors Inc. raised its position in Vmware by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,299 shares of the virtualization software provider’s stock worth $463,000 after purchasing an additional 14 shares during the last quarter. Federated Investors Inc. PA raised its position in Vmware by 0.4% in the 2nd quarter. Federated Investors Inc. PA now owns 15,323 shares of the virtualization software provider’s stock worth $1,339,000 after purchasing an additional 66 shares during the last quarter. Capstone Asset Management Co. raised its position in Vmware by 2.4% in the 2nd quarter. Capstone Asset Management Co. now owns 3,829 shares of the virtualization software provider’s stock worth $335,000 after purchasing an additional 90 shares during the last quarter. Laurion Capital Management LP raised its position in Vmware by 2.8% in the 2nd quarter. Laurion Capital Management LP now owns 3,700 shares of the virtualization software provider’s stock worth $323,000 after purchasing an additional 100 shares during the last quarter. Finally, CFO4Life Group LLC raised its position in Vmware by 2.2% in the 2nd quarter. CFO4Life Group LLC now owns 5,644 shares of the virtualization software provider’s stock worth $493,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.
Several research analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. boosted their price objective on shares of Vmware from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. Cowen and Company restated a “market perform” rating and issued a $104.00 price objective (up previously from $98.00) on shares of Vmware in a research report on Monday, August 14th. Barclays PLC upgraded shares of Vmware from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $109.00 to $130.00 in a research report on Thursday, September 14th. Zacks Investment Research cut shares of Vmware from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Robert W. Baird set a $115.00 price objective on shares of Vmware and gave the stock a “buy” rating in a research report on Monday, August 14th. Fifteen equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $112.84.
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Shares of Vmware, Inc. (NYSE VMW) traded up 0.01% during midday trading on Tuesday, reaching $119.94. 823,634 shares of the company’s stock traded hands. The stock has a 50 day moving average of $112.70 and a 200-day moving average of $98.70. The stock has a market cap of $49.05 billion, a P/E ratio of 43.17 and a beta of 0.72. Vmware, Inc. has a 12 month low of $74.85 and a 12 month high of $121.09.
Vmware (NYSE:VMW) last issued its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. On average, equities research analysts forecast that Vmware, Inc. will post $5.07 EPS for the current fiscal year.
Vmware declared that its board has authorized a stock repurchase program on Monday, August 14th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the virtualization software provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
In related news, COO Sanjay Poonen sold 1,134 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $106.51, for a total transaction of $120,782.34. Following the transaction, the chief operating officer now directly owns 192,774 shares in the company, valued at $20,532,358.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was 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 have sold 20,885 shares of company stock valued at $2,248,548 over the last quarter. Corporate insiders own 0.52% of the company’s stock.
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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