Thursday, 13 December, 2018

VMware CEO: Company 'not in a position' to speculate on Dell's plans

Image Zoom Image Zoom
Nellie Chapman | 03 February, 2018, 00:34

Since then Dell has paid down $10 billion in debt, according to their SEC filing. Inc.'s portfolio, making the stock its 9th largest holding.

A reverse merger would see VMware, which has a market capitalization of $51 billion, buy Dell, rather than Dell buy the minority stake in VMware it does not already own.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sapphire Star Partners LP boosted its holdings in VMware by 20.0% in the 3rd quarter. Hunting Hill Global Capital LLC now owns 465,304 shares of the company's stock valued at $28,435,000 after buying an additional 5,661 shares in the last quarter. Summit Global Investments bought a new stake in VMware in the 2nd quarter valued at about $631,000. Finally, Public Employees Retirement System of OH boosted its stake in shares of Dell Technologies by 3.3% in the third quarter.

In other news, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $80.93, for a total value of $380,371.00.

VANGUARD GROUP INC raised its stake in PPL Corporation (NYSE:PPL) by 2.23% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The stock's 50 day moving average price is $63.05 and its 200 day moving average price is $64.38. The company reported $1.57 earnings per share (EPS) for the quarter. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,100 shares of company stock valued at $1,171,898. Following the completion of the sale, the insider now owns 19,955 shares of the company's stock, valued at $1,745,663.40.

Shares of VMware, Inc. (DVMT) traded down $0.60 during midday trading on Friday, hitting $69.65.

The counter witnessed a trading volume of 3.4 million shares versus an average volume of 2.35 million shares during last trading session. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86. Dell Technologies Inc. (DVMT) has made its way to a 12-month gain of 11.33%.

Dell Technologies (NYSE:DVMT) last issued its quarterly earnings results on Thursday, December 7th. Dell Technologies had a positive return on equity of 21.53% and a negative net margin of 4.50%.

Dell's servers have been a bright spot, helping total net revenue grow to $56.7 billion in the nine months to November 3, from $41.6 billion a year earlier.

Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. Analysts set a 12-month price target of $13.95 a share. Nomura started coverage on shares of VMware in a report on Tuesday, January 23rd. Wall Street is only getting more bullish on the stock, with 1 of analysts who cover DVMT having a buy-equivalent rating. However, VMware's stock price has fallen by 16 percent since the reports regarding Dell became public Monday. The NYSE-listed company saw a recent bid of $70.25 on volume of 4.68 million shares. The company now has an average rating of "Buy" and a consensus target price of $130.84.