Vmware (VMW) Share Value Rose While Natixis Asset Management Has Lowered by $1.22 Million Its Holding; As Best Buy (BBY) Stock Value Declined, Holder Green Square Capital Cut by $1.23 Million Its Stake

August 12, 2018 - By Robert Shackelford

VMware, Inc. (NYSE:VMW) Logo

Natixis Asset Management decreased its stake in Vmware Inc. (VMW) by 92.91% based on its latest 2018Q1 regulatory filing with the SEC. Natixis Asset Management sold 10,058 shares as the company’s stock rose 6.05% while stock markets declined. The institutional investor held 767 shares of the technology company at the end of 2018Q1, valued at $93,000, down from 10,825 at the end of the previous reported quarter. Natixis Asset Management who had been investing in Vmware Inc. for a number of months, seems to be less bullish one the $62.34 billion 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: 19/04/2018 – PE Hub: Uber picks VMware’s Zane Rowe as CFO: Bloomberg; 19/03/2018 – T. Rowe Price Says It Would Be Against a Dell-VMware Merger — Barrons.com; 17/04/2018 – Matt Rosoff: Carl Icahn has a ‘medium’-sized stake in VMware, sources say – tip @Techmeme; 14/03/2018 – Fornetix Key Orchestration Achieves VMware Ready™ Status; 06/03/2018 – CRN Exclusive: VMware’s Longtime Networking Chief Exits For A Position At Google; 25/04/2018 – VMware Exec Said to Take CEO Job at Andreessen’s Instart Logic; 24/05/2018 – VMware Partners Honored at Annual Partner Leadership Summit; 17/05/2018 – DELL: SALE TO THIRD PARTY OF DELL OR VMWARE NOT CONSIDERED; 21/03/2018 – VMware Introduces Industry’s First Intelligence-Driven Digital Workspace to Empower Employee Experience and Drive Predictive; 21/03/2018 – Cylance, VMware Partnership Provides Security and Analytics Across Digital Workspace Environments in the Enterprise

Green Square Capital Llc decreased its stake in Best Buy Inc (BBY) by 16.81% based on its latest 2018Q1 regulatory filing with the SEC. Green Square Capital Llc sold 17,635 shares as the company’s stock declined 5.68% with the market. The hedge fund held 87,278 shares of the consumer services company at the end of 2018Q1, valued at $6.15M, down from 104,913 at the end of the previous reported quarter. Green Square Capital Llc who had been investing in Best Buy Inc for a number of months, seems to be less bullish one the $21.99 billion market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $78.71. About 1.74 million shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 11.76% since August 12, 2017 and is uptrending. It has underperformed by 0.81% the S&P500. Some Historical BBY News: 24/05/2018 – Best Buy online growth slows, overshadowing strong earnings; 18/04/2018 – BEST BUY TO INTRODUCE OVER TEN 4K & HD FIRE TV EDITION MODELS; 22/05/2018 – Best Buy Co Inc expected to post earnings of 74 cents a share – Earnings Preview; 21/03/2018 – Best Buy Is Said to Sever Ties With Huawei on Security Concerns; 06/03/2018 – BEST BUY CO – FOLLOWING SALES ANTICIPATED UNDER PLAN, CEO JOLY WILL CONTINUE TO RETAIN ABOUT 90 PCT OF HIS CURRENT HOLDINGS; 24/05/2018 – Best Buy Delivers Solid Start to Year as New Programs Take Root; 24/05/2018 – Best Buy Delivers Solid Start Though Some Headwinds Seen Ahead; 24/05/2018 – BEST BUY CO INC BBY.N FY SHR VIEW $4.97, REV VIEW $41.79 BLN — THOMSON REUTERS l/B/E/S; 13/03/2018 – ecobee Expands into Smart Home Solutions with ecobee Switch+, Brings Voice Control to Every Room; 09/05/2018 – Amazon rolls out model ‘smart’ homes for U.S. shoppers to try out Alexa

Green Square Capital Llc, which manages about $1.82B and $637.68M US Long portfolio, upped its stake in Baidu Com Adr (NASDAQ:BIDU) by 2,099 shares to 3,038 shares, valued at $678,000 in 2018Q1, according to the filing. It also increased its holding in T C Pipelines (NYSE:TCP) by 9,780 shares in the quarter, for a total of 55,179 shares, and has risen its stake in Sirius Xm Radio Inc (NASDAQ:SIRI).

Analysts await Best Buy Co., Inc. (NYSE:BBY) to report earnings on August, 28 before the open. They expect $0.82 earnings per share, up 18.84% or $0.13 from last year’s $0.69 per share. BBY’s profit will be $229.10 million for 24.00 P/E if the $0.82 EPS becomes a reality. After $0.82 actual earnings per share reported by Best Buy Co., Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Bizjournals.com which released: “These Minnesota companies have the highest — and lowest — median employee pay (slideshow)” on August 09, 2018. Also Bizjournals.com published the news titled: “By Jeff Jeffrey and Patrick Rehkamp – Minneapolis / St. Paul Business Journal” on August 02, 2018. Fool.com‘s news article titled: “How Best Buy Became a Retail Success Story” with publication date: July 20, 2018 was also an interesting one.

Since March 2, 2018, it had 0 insider purchases, and 33 selling transactions for $37.94 million activity. Shares for $76,438 were sold by Watson Mathew. Scarlett Kathleen sold 1,225 shares worth $84,338. 18,570 Best Buy Co., Inc. (NYSE:BBY) shares with value of $1.37M were sold by Saksena Asheesh. 240,468 shares valued at $16.74M were sold by Joly Hubert on Thursday, March 15. The insider Ballard Shari L sold $251,753. Barry Corie S sold $438,059 worth of stock or 6,309 shares.

Investors sentiment decreased to 0.84 in 2018 Q1. Its down 0.02, from 0.86 in 2017Q4. It is negative, as 44 investors sold BBY shares while 202 reduced holdings. 70 funds opened positions while 136 raised stakes. 234.44 million shares or 0.36% more from 233.61 million shares in 2017Q4 were reported. Mutual Of America Cap Mngmt Ltd Liability Co accumulated 0.04% or 32,530 shares. Hillsdale owns 800 shares. Voloridge Ltd Limited Liability Company stated it has 521,283 shares or 0.86% of all its holdings. Parsons Management Ri owns 4,043 shares for 0.03% of their portfolio. Conning invested in 12,117 shares or 0.03% of the stock. Commerzbank Aktiengesellschaft Fi owns 0.06% invested in Best Buy Co., Inc. (NYSE:BBY) for 72,369 shares. Eaton Vance owns 294,382 shares. Vanguard Grp Inc has 0.09% invested in Best Buy Co., Inc. (NYSE:BBY) for 30.88M shares. Swiss Fincl Bank reported 863,960 shares. Vident Invest Advisory Llc has 0.2% invested in Best Buy Co., Inc. (NYSE:BBY) for 69,636 shares. 1,850 are owned by Bristol John W &. Texas-based Utd Svcs Automobile Association has invested 0.03% in Best Buy Co., Inc. (NYSE:BBY). Fny Managed Accounts Limited Liability Corp has invested 0.01% in Best Buy Co., Inc. (NYSE:BBY). Stevens Capital Mngmt Ltd Partnership has 191,163 shares for 0.51% of their portfolio. Sigma Planning Corporation holds 0.01% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 2,881 shares.

Among 30 analysts covering Best Buy Co (NYSE:BBY), 10 have Buy rating, 4 Sell and 16 Hold. Therefore 33% are positive. Best Buy Co had 107 analyst reports since August 10, 2015 according to SRatingsIntel. Wedbush maintained it with “Underperform” rating and $24.50 target in Friday, November 18 report. The rating was upgraded by Deutsche Bank on Wednesday, April 12 to “Buy”. PiperJaffray upgraded the stock to “Overweight” rating in Monday, March 27 report. The rating was downgraded by Telsey Advisory Group to “Market Perform” on Thursday, January 25. On Wednesday, August 26 the stock rating was maintained by Telsey with “Outperform”. Oppenheimer downgraded Best Buy Co., Inc. (NYSE:BBY) rating on Friday, February 12. Oppenheimer has “Perform” rating and $43 target. RBC Capital Markets maintained the shares of BBY in report on Friday, June 30 with “Hold” rating. Telsey Advisory Group maintained it with “Outperform” rating and $62 target in Wednesday, September 20 report. The firm has “Hold” rating given on Wednesday, August 24 by Deutsche Bank. The rating was maintained by RBC Capital Markets on Friday, February 26 with “Sector Perform”.

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. KeyBanc Capital Markets maintained the stock with “Buy” rating in Friday, March 2 report. The stock of VMware, Inc. (NYSE:VMW) has “Buy” rating given on Monday, September 25 by Stifel Nicolaus. RBC Capital Markets maintained it with “Buy” rating and $11300 target in Friday, July 7 report. UBS downgraded VMware, Inc. (NYSE:VMW) on Monday, January 9 to “Neutral” rating. The stock of VMware, Inc. (NYSE:VMW) has “Overweight” rating given on Friday, June 1 by Barclays Capital. Drexel Hamilton maintained VMware, Inc. (NYSE:VMW) rating on Wednesday, April 20. Drexel Hamilton has “Buy” rating and $77 target. The firm has “Buy” rating by SunTrust given on Tuesday, August 30. Suntrust Robinson upgraded it to “Buy” rating and $92 target in Tuesday, August 30 report. The firm earned “Hold” rating on Friday, June 2 by Stifel Nicolaus. The company was maintained on Friday, August 25 by BMO Capital Markets.

Natixis Asset Management, which manages about $1.40 billion US Long portfolio, upped its stake in Coca (NYSE:KO) by 99,384 shares to 117,884 shares, valued at $5.12 million in 2018Q1, according to the filing. It also increased its holding in Ppg Industries (NYSE:PPG) by 7,270 shares in the quarter, for a total of 316,280 shares, and has risen its stake in Eversources Energy.

Investors sentiment decreased to 0.74 in Q1 2018. Its down 0.13, from 0.87 in 2017Q4. It dropped, 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. State Of Tennessee Treasury Department holds 0.23% or 375,158 shares in its portfolio. Benjamin F Edwards &, a Missouri-based fund reported 239 shares. Argent Trust stated it has 1,836 shares. Proshare Advisors Limited Liability Corporation has invested 0% in VMware, Inc. (NYSE:VMW). Kornitzer Mngmt Ks holds 0.12% or 56,760 shares in its portfolio. Gillespie Robinson And Grimm holds 227,444 shares. Meiji Yasuda Life Insur owns 0.17% invested in VMware, Inc. (NYSE:VMW) for 8,930 shares. 2,801 were reported by X Mgmt Limited Liability Co. New York-based Investec Asset North America has invested 1.65% in VMware, Inc. (NYSE:VMW). Dekabank Deutsche Girozentrale invested in 23,201 shares. The New York-based Morgan Stanley has invested 0.07% in VMware, Inc. (NYSE:VMW). Schwab Charles has invested 0.02% of its portfolio in VMware, Inc. (NYSE:VMW). Pentwater Cap Management Lp owns 926,501 shares or 0.79% of their US portfolio. Primecap Ca accumulated 1.74M shares. 130,012 were reported by Wellington Mngmt Group Llp.

Analysts await VMware, Inc. (NYSE:VMW) to report earnings on August, 23. They expect $1.14 EPS, 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 EPS reported by VMware, Inc. for the previous quarter, Wall Street now forecasts 31.03% EPS growth.

Best Buy Co., Inc. (NYSE:BBY) Institutional Positions Chart

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