GSA Capital Partners LLP Trims Position in VMware, Inc. (VMW)

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GSA Capital Partners LLP trimmed its holdings in shares of VMware, Inc. (NYSE:VMW) by 50.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,800 shares of the virtualization software provider’s stock after selling 8,100 shares during the quarter. GSA Capital Partners LLP’s holdings in VMware were worth $1,146,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Point72 Asia Hong Kong Ltd bought a new stake in VMware during the first quarter worth approximately $106,000. Perigon Wealth Management LLC bought a new stake in VMware during the first quarter worth approximately $121,000. Mckinley Capital Management LLC Delaware bought a new stake in VMware during the first quarter worth approximately $127,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in VMware during the first quarter worth approximately $167,000. Finally, Dowling & Yahnke LLC bought a new stake in VMware during the second quarter worth approximately $214,000. Hedge funds and other institutional investors own 20.11% of the company’s stock.

In other VMware news, COO Rangarajan (Raghu) Raghuram sold 38,000 shares of the stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of $154.98, for a total value of $5,889,240.00. Following the completion of the sale, the chief operating officer now owns 297,193 shares in the company, valued at approximately $46,058,971.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $152.13, for a total transaction of $3,803,250.00. Following the completion of the sale, the chief executive officer now owns 411,923 shares of the company’s stock, valued at approximately $62,665,845.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,739 shares of company stock valued at $18,491,179. Insiders own 29.90% of the company’s stock.

VMW stock opened at $151.12 on Thursday. VMware, Inc. has a 12-month low of $106.00 and a 12-month high of $165.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.04 and a quick ratio of 3.04. The company has a market capitalization of $62.36 billion, a price-to-earnings ratio of 39.15, a P/E/G ratio of 2.45 and a beta of 0.57.

VMware (NYSE:VMW) last released its earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. VMware had a net margin of 18.77% and a return on equity of 21.06%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. research analysts expect that VMware, Inc. will post 4.73 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of VMware to $185.00 and gave the stock a “positive” rating in a report on Monday, July 2nd. BMO Capital Markets raised their price objective on shares of VMware from $155.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 3rd. Barclays reaffirmed an “overweight” rating and issued a $172.00 price objective (up previously from $160.00) on shares of VMware in a research note on Tuesday, July 3rd. Raymond James raised their price objective on shares of VMware from $153.00 to $174.00 in a research note on Thursday, July 5th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $172.00 price objective on shares of VMware in a research note on Friday, July 6th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $153.88.

About VMware

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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