November 29, 2016 - By Ellis Scott · 0 Comments
Vmware Inc (NYSE:VMW) institutional sentiment decreased to 0.96 in Q2 2016. Its down -0.11, from 1.07 in 2016Q1. The ratio worsened, as 162 funds opened new and increased holdings, while 152 sold and reduced stakes in Vmware Inc. The funds in our partner’s database now possess: 90.43 million shares, up from 85.80 million shares in 2016Q1. Also, the number of funds holding Vmware Inc in their top 10 holdings was flat from 7 to 7 for the same number . Sold All: 47 Reduced: 105 Increased: 105 New Position: 57.
VMware, Inc. is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The company has a market cap of $33.06 billion. The Firm develops and markets its product and service offerings within three product groups, which include software-defined data center , hybrid cloud computing and end-user computing (EUC). It has a 30.34 P/E ratio. The Company’s compute virtualization includes offerings that allow organizations to manage Information technology (IT) resources across private clouds and complex multi-cloud, and multi-device environments.
The stock increased 0.10% or $0.08 during the last trading session, hitting $79.88. VMware, Inc. (NYSE:VMW) has risen 38.46% since April 26, 2016 and is uptrending. It has outperformed by 33.20% the S&P500.
Analysts await VMware, Inc. (NYSE:VMW) to report earnings on January, 24. They expect $1.08 earnings per share, up 8.00% or $0.08 from last year’s $1 per share. VMW’s profit will be $446.98M for 18.49 P/E if the $1.08 EPS becomes a reality. After $0.84 actual earnings per share reported by VMware, Inc. for the previous quarter, Wall Street now forecasts 28.57% EPS growth.
According to Zacks Investment Research, “VMware provides virtualization solutions from the desktop to the data center. Their solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed, increasing hardware utilization and reducing spending. They have expanded their offering with virtual infrastructure automation and management products to address distributed and heterogeneous infrastructure challenges such as system recoverability and reliability, backup and recovery, resource provisioning and management, capacity and performance management and desktop security. They derive a significant majority of their revenues from their indirect sales channel that include distributors, resellers, x86 system vendors and systems integrators.”
Cisco Systems Inc. holds 50.94% of its portfolio in VMware, Inc. for 4.33 million shares. Harber Asset Management Llc owns 154,213 shares or 4.87% of their US portfolio. Moreover, Nine Chapters Capital Management Llc has 4.79% invested in the company for 4,000 shares. The New York-based Tig Advisors Llc has invested 3.4% in the stock. Fort L.P., a Maryland-based fund reported 135,998 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 selling transactions for $864,373 net activity.
Ratings analysis reveals 34% of VMware Inc’s analysts are positive. Out of 35 Wall Street analysts rating VMware Inc, 12 give it “Buy”, 0 “Sell” rating, while 23 recommend “Hold”. The lowest target is $50 while the high is $105. The stock’s average target of $75.67 is -5.27% below today’s ($79.88) share price. VMW was included in 73 notes of analysts from July 22, 2015. The company was downgraded on Wednesday, January 27 by Robert W. Baird. As per Wednesday, January 27, the company rating was maintained by BMO Capital Markets. Raymond James upgraded VMware, Inc. (NYSE:VMW) on Thursday, November 3 to “Outperform” rating. As per Tuesday, November 1, the company rating was upgraded by Summit Redstone Partners. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, September 1 report. The firm has “Neutral” rating given on Wednesday, October 21 by Nomura. Citigroup downgraded the shares of VMW in a report on Tuesday, July 26 to “Neutral” rating. The stock has “Neutral” rating given by Mizuho on Thursday, October 27. Citigroup upgraded VMware, Inc. (NYSE:VMW) on Thursday, October 27 to “Buy” rating. The rating was maintained by M Partners with “Buy” on Wednesday, December 2.
VMware, Inc., incorporated on February 10, 1998, is a well-known provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Firm develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). The Company’s compute virtualization includes offerings that allow organizations to manage Information technology (IT) resources across private clouds and complex multi-cloud, and multi-device environments.
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By Ellis Scott