Joel Isaacson & Co. LLC Has $350,000 Position in Vmware, Inc. (VMW)
Joel Isaacson & Co. LLC held its stake in shares of Vmware, Inc. (NYSE:VMW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,000 shares of the virtualization software provider’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in Vmware were worth $350,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of VMW. Dimensional Fund Advisors LP boosted its stake in shares of Vmware by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 88,248 shares of the virtualization software provider’s stock worth $6,948,000 after buying an additional 3,728 shares during the period. Creative Planning boosted its stake in shares of Vmware by 264.8% in the first quarter. Creative Planning now owns 20,161 shares of the virtualization software provider’s stock worth $1,858,000 after buying an additional 14,634 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Vmware by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 24,556 shares of the virtualization software provider’s stock worth $2,262,000 after buying an additional 115 shares during the period. VNBTrust National Association acquired a new stake in shares of Vmware during the first quarter worth $203,000. Finally, Capstone Asset Management Co. boosted its stake in shares of Vmware by 8.4% in the first quarter. Capstone Asset Management Co. now owns 3,739 shares of the virtualization software provider’s stock worth $345,000 after buying an additional 290 shares during the period. 21.86% of the stock is currently owned by institutional investors.
Shares of Vmware, Inc. (NYSE:VMW) opened at 92.93 on Thursday. Vmware, Inc. has a 52-week low of $70.26 and a 52-week high of $98.00. The stock has a market capitalization of $37.95 billion, a price-to-earnings ratio of 33.45 and a beta of 0.77. The stock has a 50 day moving average of $90.57 and a 200-day moving average of $91.10.
Vmware (NYSE:VMW) last released its quarterly earnings data on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.04. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the business posted $0.86 EPS. Vmware’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts predict that Vmware, Inc. will post $4.93 EPS for the current fiscal year.
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A number of analysts have weighed in on VMW shares. BTIG Research started coverage on shares of Vmware in a report on Monday, April 17th. They set a “neutral” rating on the stock. Cowen and Company upped their price target on shares of Vmware from $92.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, May 25th. Zacks Investment Research lowered shares of Vmware from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Robert W. Baird upgraded shares of Vmware from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $115.00 in a research report on Wednesday, May 31st. Finally, Royal Bank Of Canada upped their price target on shares of Vmware from $97.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 31st. Seventeen equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Vmware presently has a consensus rating of “Buy” and a consensus price target of $97.81.
In other Vmware news, EVP Maurizio Carli sold 11,237 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $94.66, for a total value of $1,063,694.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Rajiv Ramaswami sold 20,457 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $87.84, for a total value of $1,796,942.88. Following the completion of the sale, the chief operating officer now owns 313,721 shares in the company, valued at approximately $27,557,252.64. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
Vmware Company Profile
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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