Paloma Partners Management Co cut its holdings in shares of VMware, Inc. (NYSE:VMW) by 75.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,587 shares of the virtualization software provider’s stock after selling 17,470 shares during the quarter. Paloma Partners Management Co’s holdings in VMware were worth $700,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in VMW. Global Trust Asset Management LLC acquired a new stake in VMware during the 4th quarter worth approximately $138,000. Bronfman E.L. Rothschild L.P. lifted its holdings in VMware by 1,643.8% during 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 buying an additional 1,200 shares in the last quarter. Bank of Hawaii acquired a new stake in VMware during the 4th quarter worth approximately $202,000. Cadence Capital Management LLC acquired a new stake in VMware during the 3rd quarter worth approximately $204,000. Finally, Argent Trust Co acquired a new stake in VMware during the 3rd quarter worth approximately $205,000. Institutional investors own 22.44% of the company’s stock.
In other VMware news, EVP Maurizio Carli sold 2,581 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Sanjay Poonen sold 10,000 shares of the firm’s 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. Company insiders own 34.40% of the company’s stock.
Shares of VMware stock opened at $124.35 on Thursday. VMware, Inc. has a one year low of $85.45 and a one year 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 company has a market cap of $50,940.38, a price-to-earnings ratio of 32.02, a P/E/G ratio of 2.27 and a beta of 0.72.
VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 EPS for the quarter, topping 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 firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business earned $1.43 EPS. VMware’s revenue for the quarter was up 13.6% compared to the same quarter last year. analysts predict that VMware, Inc. will post 4.53 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Citigroup increased their target price on shares of VMware to $145.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Gabelli lowered shares of VMware from a “buy” rating to a “hold” rating in a report on Friday, December 1st. They noted that the move was a valuation call. Oppenheimer raised their price objective on shares of VMware from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Mizuho restated a “hold” rating and issued a $110.00 price objective on shares of VMware in a report on Thursday, November 30th. Finally, Drexel Hamilton restated a “buy” rating and issued a $120.00 price objective on shares of VMware in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $131.42.
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).
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