Smith Asset Management Group LP Position in Vmware INC (VMW) Has Increased by $15.59 Million

March 18, 2018 - By Maria Brooks

Investors sentiment increased to 1.22 in Q3 2017. Its up 0.01, from 1.21 in 2017Q2. It improved, as 42 investors sold VMW shares while 122 reduced holdings. 62 funds opened positions while 138 raised stakes. 87.77 million shares or 1.59% more from 86.40 million shares in 2017Q2 were reported. Wms Prns reported 3,600 shares or 0.05% of all its holdings. Amp Invsts invested in 0.05% or 77,197 shares. Strs Ohio reported 39,177 shares stake. Moreover, Atria Ltd has 0.04% invested in VMware, Inc. (NYSE:VMW) for 6,826 shares. Iowa-based Cambridge Inv Research Advisors has invested 0% in VMware, Inc. (NYSE:VMW). Holderness Invests Com has invested 0.16% in VMware, Inc. (NYSE:VMW). First Trust Advsr Lp holds 0.2% in VMware, Inc. (NYSE:VMW) or 709,691 shares. Numeric Investors Ltd Llc has 0.04% invested in VMware, Inc. (NYSE:VMW). Moneta Advsrs Ltd Liability Com owns 0.08% invested in VMware, Inc. (NYSE:VMW) for 4,755 shares. Investec Asset Mgmt Ltd holds 2.68 million shares or 1.29% of its portfolio. Ameriprise Finance Inc accumulated 106,339 shares or 0.01% of the stock. Argent Capital Limited Liability Corporation invested 1.04% of its portfolio in VMware, Inc. (NYSE:VMW). Hsbc Holding Public Limited Com accumulated 127,366 shares or 0.02% of the stock. Gillespie Robinson And Grimm holds 259,509 shares. Nomura Asset Mngmt Ltd stated it has 0.01% in VMware, Inc. (NYSE:VMW).

Since December 8, 2017, it had 0 insider purchases, and 4 selling transactions for $4.77 million activity. Another trade for 23,381 shares valued at $2.82 million was sold by Raghuram Rangarajan (Raghu). 2,581 VMware, Inc. (NYSE:VMW) shares with value of $335,220 were sold by Carli Maurizio.

Smith Asset Management Group Lp increased its stake in Vmware Inc (VMW) by 32.12% based on its latest 2017Q3 regulatory filing with the SEC. Smith Asset Management Group Lp bought 142,988 shares as the company’s stock rose 1.43% with the market. The hedge fund held 588,158 shares of the technology company at the end of 2017Q3, valued at $64.23 million, up from 445,170 at the end of the previous reported quarter. Smith Asset Management Group Lp who had been investing in Vmware Inc for a number of months, seems to be bullish on the $50.26 billion market cap company. The stock decreased 0.83% or $1.04 during the last trading session, reaching $124.47. About 2.16M shares traded. VMware, Inc. (NYSE:VMW) has risen 57.35% since March 18, 2017 and is uptrending. It has outperformed by 40.65% the S&P500.

Smith Asset Management Group Lp, which manages about $2.91 billion and $2.99B US Long portfolio, decreased its stake in Adobe Systems Inc (NASDAQ:ADBE) by 100,865 shares to 546,047 shares, valued at $81.46M in 2017Q3, according to the filing. It also reduced its holding in Align Technology Inc (NASDAQ:ALGN) by 82,850 shares in the quarter, leaving it with 203,350 shares, and cut its stake in Arista Networks Inc (NYSE:ANET).

VMware, Inc. (NYSE:VMW) Ratings Coverage

Among 48 analysts covering VMware Inc (NYSE:VMW), 20 have Buy rating, 1 Sell and 27 Hold. Therefore 42% are positive. VMware Inc had 174 analyst reports since July 22, 2015 according to SRatingsIntel. On Tuesday, October 13 the stock rating was maintained by UBS with “Buy”. The stock of VMware, Inc. (NYSE:VMW) has “Neutral” rating given on Wednesday, October 21 by Mizuho. The firm has “Hold” rating by Drexel Hamilton given on Friday, December 1. Jefferies maintained it with “Buy” rating and $129.0 target in Friday, October 27 report. The stock has “Hold” rating by Drexel Hamilton on Friday, October 9. Maxim Group maintained the stock with “Hold” rating in Friday, August 25 report. Cowen & Co maintained the shares of VMW in report on Tuesday, November 14 with “Hold” rating. Bank of America maintained the shares of VMW in report on Thursday, September 14 with “Buy” rating. The company was maintained on Wednesday, February 28 by Wells Fargo. Gabelli downgraded the stock to “Hold” rating in Friday, December 1 report.

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