Riverhead Capital Management LLC Has $351,000 Stock Position in VMware, Inc. (NYSE:VMW)

Riverhead Capital Management LLC lowered its position in shares of VMware, Inc. (NYSE:VMW) by 89.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,100 shares of the virtualization software provider’s stock after selling 18,124 shares during the quarter. Riverhead Capital Management LLC’s holdings in VMware were worth $351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Clarus Wealth Advisors acquired a new position in VMware in the second quarter valued at about $29,000. Coastal Capital Group Inc. acquired a new position in VMware in the second quarter valued at about $29,000. TRUE Private Wealth Advisors acquired a new position in VMware in the second quarter valued at about $31,000. AdvisorNet Financial Inc raised its stake in VMware by 629.0% in the second quarter. AdvisorNet Financial Inc now owns 226 shares of the virtualization software provider’s stock valued at $38,000 after purchasing an additional 195 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in VMware in the first quarter valued at about $54,000. 17.49% of the stock is owned by institutional investors.

In other VMware news, COO Rangarajan (Raghu) Raghuram sold 24,778 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $140.62, for a total value of $3,484,282.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $180.00, for a total value of $3,600,000.00. Following the completion of the transaction, the chief executive officer now directly owns 445,214 shares in the company, valued at $80,138,520. The disclosure for this sale can be found here. Insiders sold 69,120 shares of company stock worth $10,678,437 over the last quarter. 28.80% of the stock is currently owned by company insiders.

VMW stock traded down $0.61 during trading on Friday, hitting $153.43. The company had a trading volume of 26,913 shares, compared to its average volume of 2,299,117. The business has a 50-day moving average of $152.93 and a 200-day moving average of $175.07. VMware, Inc. has a one year low of $128.69 and a one year high of $206.80. The stock has a market cap of $63.03 billion, a PE ratio of 31.13, a PEG ratio of 2.39 and a beta of 0.89. The company has a current ratio of 0.96, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93.

VMware (NYSE:VMW) last announced its earnings results on Thursday, August 22nd. The virtualization software provider reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.45. VMware had a return on equity of 47.55% and a net margin of 66.00%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. Research analysts forecast that VMware, Inc. will post 4.86 EPS for the current year.

VMW has been the subject of a number of analyst reports. Nomura set a $114.00 price target on VMware and gave the company a “sell” rating in a research note on Thursday, August 29th. KeyCorp dropped their price target on VMware from $214.00 to $182.00 and set an “overweight” rating for the company in a research note on Friday, August 23rd. Maxim Group reaffirmed a “hold” rating on shares of VMware in a research note on Friday, August 23rd. Monness Crespi & Hardt reaffirmed a “hold” rating on shares of VMware in a research note on Friday, August 23rd. Finally, Morgan Stanley lowered their target price on VMware from $190.00 to $188.00 and set an “equal weight” rating for the company in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $175.09.

VMware Company 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. 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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