Procyon Advisors LLC Acquires 810 Shares of VMware, Inc. (NYSE:VMW)

Procyon Advisors LLC boosted its holdings in VMware, Inc. (NYSE:VMWGet Rating) by 22.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,370 shares of the virtualization software provider’s stock after purchasing an additional 810 shares during the period. Procyon Advisors LLC’s holdings in VMware were worth $498,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dodge & Cox raised its stake in shares of VMware by 206.5% during the fourth quarter. Dodge & Cox now owns 25,453,582 shares of the virtualization software provider’s stock valued at $2,949,561,000 after acquiring an additional 17,149,182 shares during the last quarter. BlackRock Inc. raised its stake in shares of VMware by 55.2% during the fourth quarter. BlackRock Inc. now owns 12,773,659 shares of the virtualization software provider’s stock valued at $1,480,211,000 after acquiring an additional 4,541,555 shares during the last quarter. State Street Corp raised its stake in shares of VMware by 142.8% during the fourth quarter. State Street Corp now owns 5,229,263 shares of the virtualization software provider’s stock valued at $605,967,000 after acquiring an additional 3,075,313 shares during the last quarter. Laurion Capital Management LP raised its stake in shares of VMware by 11,852.2% during the fourth quarter. Laurion Capital Management LP now owns 2,491,197 shares of the virtualization software provider’s stock valued at $288,680,000 after acquiring an additional 2,470,354 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of VMware by 138.7% during the fourth quarter. Invesco Ltd. now owns 3,531,734 shares of the virtualization software provider’s stock valued at $409,258,000 after acquiring an additional 2,051,997 shares during the last quarter. 47.04% of the stock is owned by institutional investors.

VMware Trading Down 1.1 %

NYSE:VMW opened at $112.44 on Monday. The company’s 50 day moving average price is $116.42 and its 200-day moving average price is $114.93. VMware, Inc. has a 52 week low of $91.53 and a 52 week high of $167.83. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 79.86. The stock has a market cap of $47.56 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 0.98 and a beta of 0.67.

VMware (NYSE:VMWGet Rating) last posted its quarterly earnings results on Thursday, August 25th. The virtualization software provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.03. VMware had a net margin of 11.97% and a return on equity of 80.84%. The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that VMware, Inc. will post 4.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of VMware from $135.00 to $142.50 in a research note on Tuesday, May 31st. Raymond James cut shares of VMware from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 6th. StockNews.com upgraded shares of VMware from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 26th. Mizuho boosted their price target on shares of VMware to $138.00 in a research report on Friday, May 27th. Finally, Royal Bank of Canada cut shares of VMware from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 26th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $139.91.

VMware Company Profile

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VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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