Edgestream Partners L.P. purchased a new position in shares of VMware, Inc. (NYSE:VMW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,150 shares of the virtualization software provider’s stock, valued at approximately $269,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Global Trust Asset Management LLC bought a new position in VMware during the fourth quarter worth about $138,000. Bronfman E.L. Rothschild L.P. lifted its stake in VMware by 1,643.8% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock worth $139,000 after purchasing an additional 1,200 shares during the period. Prospera Financial Services Inc bought a new position in VMware during the fourth quarter worth about $209,000. Wedgewood Investors Inc. PA bought a new position in VMware during the fourth quarter worth about $207,000. Finally, Quantitative Systematic Strategies LLC bought a new position in VMware during the fourth quarter worth about $209,000. Hedge funds and other institutional investors own 21.60% of the company’s stock.
Shares of VMware, Inc. (NYSE:VMW) opened at $123.60 on Wednesday. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.51. The firm has a market cap of $50,210.84, a P/E ratio of 33.75, a P/E/G ratio of 2.59 and a beta of 0.81. VMware, Inc. has a fifty-two week low of $85.45 and a fifty-two week high of $165.00.
VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. VMware had a net margin of 18.97% and a return on equity of 18.57%. VMware’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 earnings per share. research analysts expect that VMware, Inc. will post 3.78 EPS for the current year.
In other VMware news, EVP Maurizio Carli sold 2,581 shares of VMware stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total transaction of $335,220.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Sanjay Poonen sold 10,000 shares of VMware stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total transaction of $1,297,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 38,726 shares of company stock valued at $4,774,927 in the last ninety days. Company insiders own 34.40% of the company’s stock.
VMW has been the subject of a number of analyst reports. Drexel Hamilton restated a “buy” rating and set a $120.00 price target on shares of VMware in a research note on Thursday, November 2nd. Bank of America raised their price target on shares of VMware from $125.00 to $148.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Nomura initiated coverage on shares of VMware in a research note on Tuesday, January 23rd. They issued a “reduce” rating and a $108.00 target price for the company. Citigroup cut shares of VMware from a “buy” rating to a “neutral” rating and set a $124.00 target price for the company. in a research note on Monday, February 5th. Finally, Deutsche Bank lifted their target price on shares of VMware from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $130.00.
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VMware, Inc is an information technology (IT) company. The Company is engaged 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).
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