Honeywell International Inc. acquired a new position in VMware, Inc. (NYSE:VMW) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 170,000 shares of the virtualization software provider’s stock, valued at approximately $21,304,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado boosted its stake in VMware by 3.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 13,983 shares of the virtualization software provider’s stock worth $1,752,000 after purchasing an additional 455 shares during the period. BB&T Corp boosted its stake in VMware by 12.9% in the 3rd quarter. BB&T Corp now owns 4,049 shares of the virtualization software provider’s stock worth $442,000 after purchasing an additional 462 shares during the period. CIBC Asset Management Inc boosted its stake in VMware by 2.8% in the 3rd quarter. CIBC Asset Management Inc now owns 17,321 shares of the virtualization software provider’s stock worth $1,891,000 after purchasing an additional 465 shares during the period. ETRADE Capital Management LLC boosted its stake in VMware by 6.9% in the 3rd quarter. ETRADE Capital Management LLC now owns 7,226 shares of the virtualization software provider’s stock worth $789,000 after purchasing an additional 466 shares during the period. Finally, Sapphire Star Partners LP boosted its stake in VMware by 20.0% in the 3rd quarter. Sapphire Star Partners LP now owns 2,880 shares of the virtualization software provider’s stock worth $314,000 after purchasing an additional 480 shares during the period. 21.60% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on VMW. Gabelli lowered shares of VMware from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. They noted that the move was a valuation call. Deutsche Bank reissued a “buy” rating and set a $145.00 target price on shares of VMware in a research note on Friday, December 1st. Zacks Investment Research lowered shares of VMware from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. CIBC lifted their target price on shares of VMware from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. Finally, Cowen reissued a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of VMware 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 issued a buy rating to the company. VMware presently has a consensus rating of “Buy” and a consensus price target of $130.00.
In related news, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of VMware stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $120.40, for a total value of $2,815,072.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maurizio Carli sold 2,581 shares of VMware stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $129.88, for a total transaction of $335,220.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,726 shares of company stock valued at $4,774,927. 34.40% of the stock is owned by company insiders.
Shares of VMware, Inc. (NYSE:VMW) opened at $124.55 on Tuesday. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.51. VMware, Inc. has a 52 week low of $85.45 and a 52 week high of $165.00. The stock has a market cap of $50,210.84, a price-to-earnings ratio of 33.75, a P/E/G ratio of 2.59 and a beta of 0.81.
VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. VMware had a net margin of 18.97% and a return on equity of 18.57%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the business earned $1.14 EPS. VMware’s quarterly revenue was up 11.1% compared to the same quarter last year. research analysts forecast that VMware, Inc. will post 3.78 earnings per share for the current year.
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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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