Virginia Retirement Systems ET AL cut its position in shares of VMware, Inc. (NYSE:VMW) by 54.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,100 shares of the virtualization software provider’s stock after selling 15,700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in VMware were worth $2,365,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors boosted its holdings in VMware by 217.6% in the fourth quarter. Captrust Financial Advisors now owns 216 shares of the virtualization software provider’s stock valued at $30,000 after purchasing an additional 148 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in VMware in the fourth quarter valued at about $35,000. Meeder Asset Management Inc. purchased a new position in VMware in the first quarter valued at about $51,000. Hanson & Doremus Investment Management purchased a new position in VMware in the first quarter valued at about $53,000. Finally, Rational Advisors LLC boosted its holdings in VMware by 10,166.7% in the fourth quarter. Rational Advisors LLC now owns 308 shares of the virtualization software provider’s stock valued at $42,000 after purchasing an additional 305 shares during the last quarter. Institutional investors own 17.74% of the company’s stock.
NYSE VMW traded up $1.48 on Wednesday, hitting $203.72. 658,135 shares of the stock traded hands, compared to its average volume of 1,231,072. VMware, Inc. has a twelve month low of $129.33 and a twelve month high of $206.80. The stock has a market capitalization of $83.01 billion, a P/E ratio of 41.32, a PEG ratio of 3.12 and a beta of 0.81. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 7.70.
VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.10. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.50 billion. VMware had a return on equity of 25.50% and a net margin of 26.99%. During the same quarter in the prior year, the firm posted $1.68 earnings per share. On average, analysts anticipate that VMware, Inc. will post 4.87 EPS for the current year.
A number of research analysts recently commented on the company. Barclays increased their price target on VMware from $200.00 to $224.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Zacks Investment Research downgraded VMware from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Deutsche Bank increased their price target on VMware from $215.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Oppenheimer increased their price target on VMware from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, KeyCorp increased their price target on VMware from $192.00 to $206.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $187.57.
In other news, COO Sanjay Poonen sold 50,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $182.60, for a total transaction of $9,130,000.00. Following the sale, the chief operating officer now directly owns 308,556 shares in the company, valued at approximately $56,342,325.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Amy Fliegelman Olli sold 1,723 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $178.98, for a total value of $308,382.54. Following the sale, the vice president now owns 34,332 shares in the company, valued at $6,144,741.36. The disclosure for this sale can be found here. Insiders have sold a total of 315,896 shares of company stock worth $58,151,231 over the last quarter. Insiders own 29.90% of the company’s stock.
VMware Company Profile
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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