Rhumbline Advisers lifted its stake in shares of VMware, Inc. (NYSE:VMW) by 14.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,027 shares of the virtualization software provider’s stock after purchasing an additional 9,832 shares during the period. Rhumbline Advisers’ holdings in VMware were worth $14,446,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors increased its holdings in shares of VMware by 217.6% during the 4th quarter. Captrust Financial Advisors now owns 216 shares of the virtualization software provider’s stock worth $30,000 after acquiring an additional 148 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of VMware during the 4th quarter worth approximately $35,000. Meeder Asset Management Inc. acquired a new position in shares of VMware during the 1st quarter worth approximately $51,000. Hanson & Doremus Investment Management acquired a new position in shares of VMware during the 1st quarter worth approximately $53,000. Finally, Rational Advisors LLC increased its holdings in shares of VMware by 10,166.7% during the 4th quarter. Rational Advisors LLC now owns 308 shares of the virtualization software provider’s stock worth $42,000 after acquiring an additional 305 shares during the last quarter. Institutional investors own 17.74% of the company’s stock.
In other VMware news, EVP Maurizio Carli sold 5,446 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $174.25, for a total value of $948,965.50. Following the completion of the sale, the executive vice president now owns 69,908 shares of the company’s stock, valued at $12,181,469. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Amy Fliegelman Olli sold 1,723 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $178.98, for a total value of $308,382.54. Following the completion of the sale, the vice president now directly owns 34,332 shares of the company’s stock, valued at approximately $6,144,741.36. The disclosure for this sale can be found here. In the last three months, insiders sold 315,896 shares of company stock valued at $58,151,231. Insiders own 29.90% of the company’s stock.
VMware stock opened at $197.93 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 7.70. The stock has a market capitalization of $78.82 billion, a price-to-earnings ratio of 40.15, a PEG ratio of 2.95 and a beta of 0.81. VMware, Inc. has a 12 month low of $129.33 and a 12 month high of $205.44.
VMware (NYSE:VMW) last posted its earnings results on Thursday, February 28th. The virtualization software provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.50 billion. VMware had a return on equity of 25.50% and a net margin of 26.99%. During the same period last year, the company earned $1.68 earnings per share. On average, research analysts anticipate that VMware, Inc. will post 4.87 EPS for the current year.
VMW has been the topic of a number of recent analyst reports. Citigroup boosted their target price on VMware from $166.00 to $201.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Deutsche Bank upped their price objective on VMware from $190.00 to $200.00 and gave the company a “buy” rating in a report on Friday, March 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $203.00 price objective on shares of VMware in a report on Friday, March 1st. Bank of America upped their price objective on VMware from $190.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Finally, Zacks Investment Research raised VMware from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $186.52.
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VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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