TIAA CREF Investment Management LLC increased its position in VMware, Inc. (NYSE:VMW) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 795,958 shares of the virtualization software provider’s stock after acquiring an additional 53,607 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.20% of VMware worth $99,749,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC acquired a new stake in shares of VMware in the 4th quarter worth about $138,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of VMware by 1,643.8% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock worth $139,000 after acquiring an additional 1,200 shares during the period. Bank of Hawaii acquired a new stake in shares of VMware in the 4th quarter worth about $202,000. Cadence Capital Management LLC acquired a new stake in shares of VMware in the 3rd quarter worth about $204,000. Finally, Argent Trust Co acquired a new stake in shares of VMware in the 3rd quarter worth about $205,000. 22.48% of the stock is currently owned by institutional investors and hedge funds.
In other VMware news, EVP Maurizio Carli sold 2,581 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total value of $335,220.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Sanjay Poonen sold 10,000 shares of the firm’s stock in a transaction dated 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. Company insiders own 34.40% of the company’s stock.
VMW has been the topic of a number of analyst reports. Deutsche Bank increased their price objective on shares of VMware from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Cowen raised shares of VMware from a “market perform” rating to an “outperform” rating in a report on Thursday, January 11th. Nomura initiated coverage on shares of VMware in a report on Tuesday, January 23rd. They issued a “reduce” rating and a $108.00 price objective on the stock. KeyCorp raised shares of VMware from a “sector weight” rating to an “overweight” rating and set a $142.00 price objective on the stock in a report on Monday, December 18th. Finally, Citigroup cut shares of VMware from a “buy” rating to a “neutral” rating and set a $124.00 price objective on the stock. in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty have issued a buy rating to the stock. VMware currently has an average rating of “Buy” and a consensus price target of $131.42.
VMware, Inc. (NYSE:VMW) opened at $124.47 on Friday. VMware, Inc. has a 12-month low of $85.45 and a 12-month high of $165.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86. The firm has a market cap of $50,258.00, a PE ratio of 31.59, a PEG ratio of 2.24 and a beta of 0.72.
VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, March 1st. The virtualization software provider reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.06. VMware had a net margin of 7.18% and a return on equity of 19.52%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm posted $1.43 EPS. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. sell-side analysts expect that VMware, Inc. will post 4.53 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: This report was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.thelincolnianonline.com/2018/03/18/tiaa-cref-investment-management-llc-has-99-75-million-position-in-vmware-inc-vmw.html.
VMware Company Profile
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).
Want to see what other hedge funds are holding VMW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VMware, Inc. (NYSE:VMW).
Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with MarketBeat.com's FREE daily email newsletter.