Jag Capital Management LLC Acquires 8,709 Shares of VMware, Inc. (VMW)

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Jag Capital Management LLC raised its holdings in shares of VMware, Inc. (NYSE:VMW) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,195 shares of the virtualization software provider’s stock after buying an additional 8,709 shares during the period. VMware comprises approximately 3.5% of Jag Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Jag Capital Management LLC’s holdings in VMware were worth $21,155,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CI Investments Inc. boosted its holdings in shares of VMware by 192.4% in the third quarter. CI Investments Inc. now owns 46,673 shares of the virtualization software provider’s stock valued at $7,284,000 after purchasing an additional 30,710 shares during the period. FMR LLC boosted its holdings in shares of VMware by 3.0% in the third quarter. FMR LLC now owns 27,273 shares of the virtualization software provider’s stock valued at $4,257,000 after purchasing an additional 785 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of VMware by 20.5% in the third quarter. Dimensional Fund Advisors LP now owns 105,511 shares of the virtualization software provider’s stock valued at $16,466,000 after purchasing an additional 17,948 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of VMware in the third quarter valued at approximately $181,000. Finally, First Republic Investment Management Inc. boosted its holdings in shares of VMware by 5.5% in the third quarter. First Republic Investment Management Inc. now owns 6,605 shares of the virtualization software provider’s stock valued at $1,030,000 after purchasing an additional 342 shares during the period. Institutional investors and hedge funds own 17.94% of the company’s stock.

VMW has been the subject of a number of research reports. KeyCorp lowered their price target on VMware from $199.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, January 4th. Goldman Sachs Group lowered VMware from a “neutral” rating to a “sell” rating and set a $177.00 price target for the company. in a report on Wednesday, March 6th. Nomura set a $130.00 price target on VMware and gave the company a “sell” rating in a report on Friday, March 1st. Raymond James boosted their price target on VMware from $163.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, Citigroup boosted their price target on VMware from $166.00 to $201.00 and gave the company a “buy” rating in a report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $180.48.

NYSE:VMW traded down $0.67 during trading hours on Monday, reaching $192.14. The company’s stock had a trading volume of 720,008 shares, compared to its average volume of 1,345,713. The company has a market capitalization of $79.64 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. VMware, Inc. has a 12 month low of $126.00 and a 12 month high of $194.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 7.70.

VMware (NYSE:VMW) last issued its quarterly earnings data on Thursday, February 28th. The virtualization software provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.50 billion. VMware had a net margin of 26.99% and a return on equity of 25.50%. During the same quarter in the previous year, the firm posted $1.68 earnings per share. On average, sell-side analysts expect that VMware, Inc. will post 4.94 EPS for the current year.

In other news, insider P. Kevan Krysler sold 11,993 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.04, for a total transaction of $2,207,191.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger sold 21,086 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $178.74, for a total value of $3,768,911.64. Following the transaction, the chief executive officer now directly owns 277,920 shares in the company, valued at $49,675,420.80. The disclosure for this sale can be found here. Insiders sold 248,577 shares of company stock valued at $44,873,977 in the last three months. 29.90% of the stock is currently owned by insiders.

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VMware 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.

Further Reading: Balanced Fund

Institutional Ownership by Quarter for VMware (NYSE:VMW)

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