Campbell Capital Management Inc. trimmed its position in VMware, Inc. (NYSE:VMW) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,439 shares of the virtualization software provider’s stock after selling 404 shares during the quarter. VMware comprises approximately 3.3% of Campbell Capital Management Inc.’s holdings, making the stock its 8th largest position. Campbell Capital Management Inc.’s holdings in VMware were worth $7,137,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of VMW. Nordea Investment Management AB lifted its stake in shares of VMware by 104.7% in the fourth quarter. Nordea Investment Management AB now owns 2,383,556 shares of the virtualization software provider’s stock worth $334,318,000 after buying an additional 1,219,298 shares during the last quarter. FIL Ltd raised its stake in VMware by 193.9% during the 4th quarter. FIL Ltd now owns 1,648,216 shares of the virtualization software provider’s stock valued at $231,179,000 after purchasing an additional 1,087,452 shares during the last quarter. Swedbank raised its stake in VMware by 20.1% during the 4th quarter. Swedbank now owns 5,104,826 shares of the virtualization software provider’s stock valued at $704,721,000 after purchasing an additional 855,559 shares during the last quarter. Alliancebernstein L.P. raised its stake in VMware by 26.8% during the 4th quarter. Alliancebernstein L.P. now owns 1,893,501 shares of the virtualization software provider’s stock valued at $265,582,000 after purchasing an additional 399,889 shares during the last quarter. Finally, Dodge & Cox raised its stake in VMware by 4.4% during the 4th quarter. Dodge & Cox now owns 6,471,395 shares of the virtualization software provider’s stock valued at $907,678,000 after purchasing an additional 273,625 shares during the last quarter. Institutional investors and hedge funds own 16.90% of the company’s stock.
Several research firms recently commented on VMW. Cleveland Research cut shares of VMware from a “buy” rating to a “neutral” rating in a research note on Thursday, February 11th. William Blair cut shares of VMware from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 13th. Bank of America began coverage on shares of VMware in a report on Thursday. They issued a “neutral” rating on the stock. BMO Capital Markets lowered shares of VMware from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $157.00 to $148.00 in a report on Wednesday, January 13th. Finally, Zacks Investment Research raised shares of VMware from a “sell” rating to a “hold” rating and set a $146.00 price target on the stock in a report on Thursday, March 4th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. VMware presently has an average rating of “Buy” and an average target price of $170.16.
VMware (NYSE:VMW) last released its earnings results on Thursday, February 25th. The virtualization software provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.78. VMware had a net margin of 13.75% and a return on equity of 27.10%. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.23 billion. On average, equities research analysts anticipate that VMware, Inc. will post 4.72 EPS for the current fiscal year.
In other VMware news, COO Rangarajan (Raghu) Raghuram sold 30,777 shares of the company’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $153.19, for a total transaction of $4,714,728.63. Following the transaction, the chief operating officer now directly owns 220,430 shares in the company, valued at approximately $33,767,671.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Patrick P. Gelsinger sold 10,000 shares of the stock in a transaction that occurred on Monday, March 29th. The shares were sold at an average price of $154.88, for a total transaction of $1,548,800.00. Following the completion of the sale, the director now owns 146,782 shares in the company, valued at $22,733,596.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,105 shares of company stock worth $15,668,712. Corporate insiders own 28.50% of the company’s stock.
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. It 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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