Caxton Associates LP Acquires 1,000 Shares of Vmware, Inc. (VMW)

Caxton Associates LP boosted its holdings in shares of Vmware, Inc. (NYSE:VMW) by 22.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,400 shares of the virtualization software provider’s stock after acquiring an additional 1,000 shares during the period. Caxton Associates LP’s holdings in Vmware were worth $472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of VMW. Oppenheimer Asset Management Inc. bought a new position in Vmware during the 1st quarter worth about $141,000. Penserra Capital Management LLC grew its holdings in Vmware by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,080 shares of the virtualization software provider’s stock worth $181,000 after acquiring an additional 240 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in Vmware during the 2nd quarter worth about $191,000. Eagle Global Advisors LLC bought a new position in Vmware during the 2nd quarter worth about $203,000. Finally, BB&T Securities LLC bought a new position in Vmware during the 1st quarter worth about $209,000. Institutional investors own 21.82% of the company’s stock.

Several research analysts have issued reports on the stock. Robert W. Baird reiterated a “buy” rating and set a $125.00 target price on shares of Vmware in a report on Wednesday, October 4th. Barclays PLC upgraded shares of Vmware from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $109.00 to $130.00 in a report on Thursday, September 14th. Bank of America Corporation reiterated a “buy” rating and set a $125.00 target price (up from $120.00) on shares of Vmware in a report on Thursday, September 14th. Zacks Investment Research cut shares of Vmware from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Vmware in a report on Friday, September 1st. Thirteen investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Vmware presently has an average rating of “Buy” and a consensus price target of $112.28.

In other news, COO Sanjay Poonen sold 1,134 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $106.51, for a total value of $120,782.34. Following the sale, the chief operating officer now owns 192,774 shares of the company’s stock, valued at approximately $20,532,358.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider P. Kevan Krysler sold 13,751 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $107.69, for a total value of $1,480,845.19. The disclosure for this sale can be found here. Insiders sold a total of 20,885 shares of company stock worth $2,248,548 in the last three months. Company insiders own 0.52% of the company’s stock.

Shares of Vmware, Inc. (NYSE:VMW) traded up 0.95% during midday trading on Thursday, hitting $113.09. 283,541 shares of the stock were exchanged. Vmware, Inc. has a one year low of $72.27 and a one year high of $113.60. The firm has a 50 day moving average of $108.37 and a 200-day moving average of $96.25. The company has a market cap of $46.25 billion, a price-to-earnings ratio of 40.71 and a beta of 0.72.

Vmware (NYSE:VMW) last announced its earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. Equities analysts expect that Vmware, Inc. will post $5.07 EPS for the current year.

Vmware announced that its board has approved a share buyback program on Monday, August 14th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the virtualization software provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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About Vmware

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).

Institutional Ownership by Quarter for Vmware (NYSE:VMW)

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