Lido Advisors LLC Raises Stake in VMware, Inc. (NYSE:VMW)

Lido Advisors LLC grew its position in VMware, Inc. (NYSE:VMW) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,930 shares of the virtualization software provider’s stock after acquiring an additional 709 shares during the period. Lido Advisors LLC’s holdings in VMware were worth $1,571,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in VMW. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of VMware by 100,043.1% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 374,581,150 shares of the virtualization software provider’s stock valued at $53,823,565,000 after acquiring an additional 374,207,104 shares in the last quarter. Barclays PLC boosted its holdings in VMware by 115.8% during the second quarter. Barclays PLC now owns 5,369,317 shares of the virtualization software provider’s stock worth $771,518,000 after buying an additional 2,881,564 shares in the last quarter. Norges Bank purchased a new stake in VMware during the fourth quarter worth about $186,457,000. Arrowstreet Capital Limited Partnership boosted its holdings in VMware by 181.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,210,001 shares of the virtualization software provider’s stock worth $251,653,000 after buying an additional 1,424,875 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in VMware by 29.8% during the first quarter. Deutsche Bank AG now owns 4,729,505 shares of the virtualization software provider’s stock worth $590,479,000 after buying an additional 1,085,259 shares in the last quarter. Hedge funds and other institutional investors own 46.70% of the company’s stock.

Insider Activity

In other news, EVP Jean Pierre Brulard sold 5,779 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $178.29, for a total value of $1,030,337.91. Following the completion of the transaction, the executive vice president now owns 71,053 shares of the company’s stock, valued at $12,668,039.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 40.30% of the company’s stock.

VMware Stock Performance

NYSE:VMW opened at $149.17 on Thursday. The firm has a 50 day simple moving average of $159.90 and a 200-day simple moving average of $150.48. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $64.41 billion, a PE ratio of 45.07 and a beta of 0.71. VMware, Inc. has a 1-year low of $109.00 and a 1-year high of $181.14.

VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, August 31st. The virtualization software provider reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.12. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.45 billion. VMware had a net margin of 10.48% and a return on equity of 113.34%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. On average, equities analysts expect that VMware, Inc. will post 4.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Mizuho boosted their price objective on shares of VMware from $158.00 to $165.00 in a report on Friday, September 1st. StockNews.com assumed coverage on shares of VMware in a report on Thursday, October 5th. They set a “strong-buy” rating on the stock. UBS Group lifted their target price on shares of VMware from $180.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday, September 1st. Monness Crespi & Hardt cut shares of VMware from a “buy” rating to a “neutral” rating in a research report on Monday, August 28th. Finally, BMO Capital Markets lifted their target price on shares of VMware from $140.00 to $160.00 and gave the stock a “market perform” rating in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.25.

VMware Profile

VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and 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; and vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with VMware Aria Cloud Management into an integrated stack that delivers ready cloud infrastructure for private and public clouds.