Here is the rundown on market activity for Vmware, Inc. Common stock, Clas (NYSE:VMW). Sanjay Poonen, COO, Customer Operations let go of $322,735 worth of shares at an average price of $92.82 on Wed the 7th. The COO, Customer Operations now owns $19,612,495 of the stock as recorded in a recent Form 4 SEC filing. Maurizio Carli, EVP sold $1,063,694 worth of shares at an average price of $94.66 on Mon the 5th. That brings Carli’s holdings to $10,668,750 as reported to the SEC.
Egon Durban, Director disclosed the sale of 666,354 shares of (VMW). The shares were purchased at an average price of $89.14. The Director now owns $2,979,334,599 of the stock according to the SEC filing.
VMware, Inc., launched on February 10, 1998, is an information technology (IT) company. The Company is involved 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). The SDDC is designed to transform and modernize the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware. The Company provides storage and availability products to offer data storage and protection options to all applications running on the vSphere platform. It also offers various services to its customers, including modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security. It provides virtualization and cloud infrastructure solutions that enable businesses to transform the way they build, deliver and consume IT resources..
These funds have also shifted positions in (VMW). As of quarter end Clearbridge Investments, LLC had acquired a total of 244,512 shares growing its stake by 10.6%. The value in dollars increased from $181,991,000 to $235,519,000 a change of 29.4% for the reporting period. As of the end of the quarter Piedmont Investment Advisors LLC had sold 176,817 shares trimming its position 49.1%. The value of the investment in VMW went from $28,372,000 to $16,913,000 decreasing 40.4% quarter to quarter.
Mackenzie Financial Corp added to its holdings by buying 303,489 shares an increase of 311.6% from 12/31/2016 to 03/31/2017. Mackenzie Financial Corp now holds 400,901 shares with a value of $36,939,000. The total value of its holdings increased 381.7%. Proficio Capital Partners LLC augmented its stake by buying 669 shares an increase of 602.7% as of 03/31/2017. Proficio Capital Partners LLC controls 780 shares worth $75,000. The value of the position overall is up by 733.3%.
On May 31 the stock rating was upgraded from “Neutral” to “Outperform” in a statement from Baird. On November 4, 2016 the stock rating was rated “Neutral” according to a Bank of America report which was a cut from the previous “Neutral” rating.
On November 3 the company was changed to a “Outperform” by Raymond James a boost from the previous “Market Perform” rating. On November 1 the company was upgraded to “Buy” from “” by Summit Redstone Partners.
On October 31, 2016 the stock rating was set at “Outperform” in a report from Oppenheimer which is up from the previous “Perform” rating. On October 31, 2016 Evercore ISI Group started covering the stock by announcing an initial rating of “Hold”.
The company is down by -3.29% since yesterday’s close of $90.61. Shares are trading at $87.63 a tad below $93.95, the stock’s 50 day moving average and just below the 200 day moving average of $88.29. The 50 day moving average was down $-6.32 or -6.72% and the 200 day average was down $-0.66.
The company’s P/E ratio is 31.54 and the market value is 35.81B. In the last earnings report the EPS was $2.78 and is projected to be $4.92 for the current year with 408,641,000 shares outstanding. Next quarter’s EPS is expected be $1.25 and the next full year EPS is projected to be $5.34.