Tortoise Capital Advisors Stake In Nisource (NI) Was Has Raised; Cisco Systems Stake in Vmware (VMW) Has Lowered by $73.21 Million

August 12, 2018 - By Catherine Diaz

NiSource Inc. (NYSE:NI) Logo

Cisco Systems Inc decreased its stake in Vmware Inc. (VMW) by 23.91% based on its latest 2018Q1 regulatory filing with the SEC. Cisco Systems Inc sold 605,000 shares as the company’s stock rose 6.05% while stock markets declined. The institutional investor held 1.93 million shares of the technology company at the end of 2018Q1, valued at $233.45M, down from 2.53 million at the end of the previous reported quarter. Cisco Systems Inc who had been investing in Vmware Inc. for a number of months, seems to be less bullish one the $62.34B market cap company. The stock decreased 0.36% or $0.55 during the last trading session, reaching $153.21. About 508,062 shares traded. VMware, Inc. (NYSE:VMW) has risen 41.00% since August 12, 2017 and is uptrending. It has outperformed by 28.43% the S&P500. Some Historical VMW News: 23/03/2018 – Dell is working with Bain & Company on an analysis of its valuation and synergies with VMware; 04/04/2018 – Overland-Tandberg’s RDX independently tested by VMware; 17/04/2018 – Yahoo! UK: Carl Icahn has taken a ‘medium’-sized stake in VMware; 17/04/2018 – $VMW Carl Icahn has taken a ‘medium’-sized stake in VMware; 18/05/2018 – A deal with VMware could theoretically be done in stages, with step one eliminating the tracker and step two merging Dell and VMware; 18/05/2018 – DELL HAS STARTED TALKING TO HOLDERS OF ITS VMWARE TRACKING STOCK TO GAUGE INTEREST IN A MERGER WITH VMWARE – CNBC, CITING; 16/04/2018 – Thales Vormetric Data Security Platform Completes VMware Cloud Certification and is Designated VMware Ready; 24/05/2018 – Hillstone Networks CloudHive Achieves VMware Ready Status; 03/05/2018 – Benu Networks’ Virtual Service Edge Platform Achieves VMware Ready Status; 16/04/2018 – Tsachy Mishal: “(Bloomberg) — Dell Technologies Inc. is leaning against areverse merger with VMware Inc., one of the options t

Tortoise Capital Advisors Llc increased its stake in Nisource Inc (NI) by 15.58% based on its latest 2018Q1 regulatory filing with the SEC. Tortoise Capital Advisors Llc bought 214,874 shares as the company’s stock rose 6.40% while stock markets declined. The hedge fund held 1.59M shares of the public utilities company at the end of 2018Q1, valued at $38.12 million, up from 1.38 million at the end of the previous reported quarter. Tortoise Capital Advisors Llc who had been investing in Nisource Inc for a number of months, seems to be bullish on the $9.66 billion market cap company. The stock increased 0.38% or $0.1 during the last trading session, reaching $26.61. About 2.98 million shares traded or 11.02% up from the average. NiSource Inc. (NYSE:NI) has declined 1.68% since August 12, 2017 and is downtrending. It has underperformed by 14.25% the S&P500. Some Historical NI News: 23/04/2018 – NiSource: Agreement Reached in NIPSCO’s Proposal to Modify Natural Gas Rates; 16/03/2018 – Columbia Gas of Pennsylvania Files to Recover Investment in Replacing and Upgrading Aging Infrastructure; 02/05/2018 – NiSource: On Track for $1.7B-$1.8B Utility Infrastructure Investments in 2018; 11/04/2018 – NiSource Schedules Earnings Release and Conference Call for May 2; 19/04/2018 – NISOURCE INC – TERM LOANS MATURE ON APRIL 17, 2019; 04/04/2018 – NISOURCE HALTS DATA EXCHANGE WITH PIPELINES AFTER CYBER ATTACK; 02/05/2018 – NiSource 1Q EPS 82c; 02/05/2018 – NISOURCE 1Q ADJ OPER EPS 77C, EST. 76C; 27/03/2018 – NiSource Declares Quarterly Common Dividend; 13/03/2018 – Vectren draws three suitors in second round

More notable recent VMware, Inc. (NYSE:VMW) news were published by: Globenewswire.com which released: “Malala Yousafzai to Speak at VMworld 2018” on August 09, 2018, also Seekingalpha.com with their article: “VMware Is Ready To Soar Without Dell” published on July 17, 2018, Nasdaq.com published: “VMware Accelerates 5G Readiness for Communications Service Providers with Intent to Acquire Dell EMC Service …” on August 09, 2018. More interesting news about VMware, Inc. (NYSE:VMW) were released by: Bizjournals.com and their article: “Dell to sell 5G division to VMware as it seeks to go public” published on August 11, 2018 as well as Nasdaq.com‘s news article titled: “VMware to Announce Fiscal Year 2019 Second Quarter Financial Results on Thursday, August 23, 2018” with publication date: August 09, 2018.

Analysts await VMware, Inc. (NYSE:VMW) to report earnings on August, 23. They expect $1.14 earnings per share, up 29.55% or $0.26 from last year’s $0.88 per share. VMW’s profit will be $463.82M for 33.60 P/E if the $1.14 EPS becomes a reality. After $0.87 actual earnings per share reported by VMware, Inc. for the previous quarter, Wall Street now forecasts 31.03% EPS growth.

Among 50 analysts covering VMware Inc (NYSE:VMW), 21 have Buy rating, 1 Sell and 28 Hold. Therefore 42% are positive. VMware Inc had 186 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of VMware, Inc. (NYSE:VMW) earned “Neutral” rating by Mizuho on Thursday, October 27. FBR Capital maintained it with “Mkt Perform” rating and $59 target in Wednesday, January 27 report. JP Morgan maintained the shares of VMW in report on Friday, June 1 with “Overweight” rating. Suntrust Robinson upgraded VMware, Inc. (NYSE:VMW) on Tuesday, August 30 to “Buy” rating. On Tuesday, January 24 the stock rating was maintained by Maxim Group with “Hold”. The firm has “Hold” rating given on Friday, August 25 by Cowen & Co. Credit Suisse maintained VMware, Inc. (NYSE:VMW) rating on Monday, May 21. Credit Suisse has “Buy” rating and $15500 target. The firm has “Outperform” rating by Oppenheimer given on Wednesday, October 21. The stock has “Outperform” rating by Robert W. Baird on Wednesday, May 31. RBC Capital Markets maintained the shares of VMW in report on Sunday, November 5 with “Buy” rating.

Since June 1, 2018, it had 0 insider purchases, and 5 selling transactions for $16.62 million activity. 7,100 shares were sold by Rowe Zane, worth $1.11M. Raghuram Rangarajan (Raghu) sold 38,000 shares worth $5.89 million. $3.20 million worth of VMware, Inc. (NYSE:VMW) shares were sold by POONEN SANJAY. Another trade for 30,000 shares valued at $4.28 million was made by RAMASWAMI RAJIV on Friday, June 1.

Investors sentiment decreased to 0.74 in Q1 2018. Its down 0.13, from 0.87 in 2017Q4. It is negative, as 68 investors sold VMW shares while 154 reduced holdings. 62 funds opened positions while 103 raised stakes. 79.49 million shares or 10.15% less from 88.47 million shares in 2017Q4 were reported. Hightower Advisors Ltd Liability Company invested in 0% or 4,541 shares. Massachusetts-based Winslow Evans And Crocker Inc has invested 0% in VMware, Inc. (NYSE:VMW). Retail Bank owns 2,088 shares for 0% of their portfolio. Carroll Fincl Associates has invested 0% in VMware, Inc. (NYSE:VMW). Amp Capital Invsts has 54,291 shares. Hoertkorn Richard Charles reported 0.06% stake. The United Kingdom-based Old Mutual Global Invsts (Uk) has invested 1.61% in VMware, Inc. (NYSE:VMW). 374,061 are held by Swiss Bancorp. Synovus reported 580 shares. Wealth Architects Ltd Company invested in 7,857 shares. Wg Shaheen Dba Whitney has invested 0.05% in VMware, Inc. (NYSE:VMW). Price T Rowe Assocs Md holds 8.88 million shares or 0.17% of its portfolio. Missouri-based Parkside Commercial Bank & Tru has invested 0% in VMware, Inc. (NYSE:VMW). Oppenheimer reported 7,522 shares. Metropolitan Life Insur Company reported 0% of its portfolio in VMware, Inc. (NYSE:VMW).

Tortoise Capital Advisors Llc, which manages about $15.07B and $14.24B US Long portfolio, decreased its stake in Keane Group Inc. by 48,323 shares to 58,651 shares, valued at $868,000 in 2018Q1, according to the filing. It also reduced its holding in Noble Midstream Partners Lp by 303,508 shares in the quarter, leaving it with 2.17 million shares, and cut its stake in National Fuel Gas Co (NYSE:NFG).

Among 16 analysts covering Nisource Inc. (NYSE:NI), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Nisource Inc. had 41 analyst reports since August 20, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, November 2 by Credit Suisse. The stock of NiSource Inc. (NYSE:NI) earned “Hold” rating by Evercore on Wednesday, November 2. Guggenheim upgraded the shares of NI in report on Monday, January 9 to “Buy” rating. The stock of NiSource Inc. (NYSE:NI) earned “Hold” rating by Argus Research on Tuesday, September 15. JP Morgan maintained it with “Neutral” rating and $25 target in Thursday, January 25 report. Citigroup maintained NiSource Inc. (NYSE:NI) rating on Wednesday, July 27. Citigroup has “Neutral” rating and $27 target. The stock of NiSource Inc. (NYSE:NI) earned “Neutral” rating by Goldman Sachs on Thursday, December 15. The stock of NiSource Inc. (NYSE:NI) earned “Neutral” rating by JP Morgan on Tuesday, April 10. Credit Suisse maintained NiSource Inc. (NYSE:NI) on Monday, May 7 with “Outperform” rating. Goldman Sachs upgraded NiSource Inc. (NYSE:NI) on Monday, May 7 to “Buy” rating.

Investors sentiment decreased to 0.9 in 2018 Q1. Its down 0.56, from 1.46 in 2017Q4. It turned negative, as 37 investors sold NI shares while 137 reduced holdings. 38 funds opened positions while 118 raised stakes. 293.09 million shares or 4.30% more from 281.01 million shares in 2017Q4 were reported. The Nebraska-based America First Advsrs Limited Liability Company has invested 0.02% in NiSource Inc. (NYSE:NI). Farmers Merchants Invests Incorporated stated it has 0% in NiSource Inc. (NYSE:NI). Goldman Sachs Gp holds 0.01% or 1.91 million shares in its portfolio. Price T Rowe Md holds 0.18% or 48.36 million shares. The Alabama-based Andra Ap has invested 0.13% in NiSource Inc. (NYSE:NI). The New York-based Jane Street Gru Limited Liability Corp has invested 0.01% in NiSource Inc. (NYSE:NI). Manufacturers Life Insur Communication The has 1.55 million shares for 0.04% of their portfolio. 12,012 were accumulated by Advisor Ltd. Sumitomo Mitsui Incorporated reported 941,120 shares. Stephens Inc Ar reported 0.02% in NiSource Inc. (NYSE:NI). 57,790 are held by Bahl And Gaynor. California Pub Employees Retirement Systems stated it has 691,459 shares. Luminus Mngmt Ltd Co, a New York-based fund reported 1.57M shares. Bradley Foster And Sargent Ct invested in 0.2% or 215,000 shares. 16,495 were accumulated by Global X Mgmt Ltd Limited Liability Company.

Since May 7, 2018, it had 2 insider purchases, and 2 sales for $103,200 activity. Smith Teresa M sold $399,212 worth of NiSource Inc. (NYSE:NI) on Monday, May 7. Vegas Pablo bought 14,500 shares worth $362,790. Another trade for 4,000 shares valued at $99,300 was made by BUTLER ERIC L on Wednesday, May 9.

VMware, Inc. (NYSE:VMW) Institutional Positions Chart

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