CIBC World Markets Inc. boosted its stake in VMware, Inc. (NYSE:VMW) by 44.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,025 shares of the virtualization software provider’s stock after buying an additional 2,765 shares during the quarter. CIBC World Markets Inc.’s holdings in VMware were worth $1,131,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of VMW. Sapphire Star Partners LP increased its holdings 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 valued at $314,000 after purchasing an additional 480 shares during the last quarter. BP PLC purchased a new position in VMware in the 3rd quarter valued at approximately $928,000. Stifel Financial Corp boosted its position in VMware by 3.1% in the 3rd quarter. Stifel Financial Corp now owns 93,216 shares of the virtualization software provider’s stock valued at $10,206,000 after buying an additional 2,777 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in VMware in the 2nd quarter valued at approximately $1,121,000. Finally, Chicago Equity Partners LLC boosted its position in VMware by 82.6% in the 3rd quarter. Chicago Equity Partners LLC now owns 67,155 shares of the virtualization software provider’s stock valued at $7,333,000 after buying an additional 30,375 shares during the period. 21.86% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on VMW. Cowen reaffirmed a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of VMware in a research report on Monday, January 29th. Nomura assumed coverage on shares of VMware in a research report on Tuesday, January 23rd. They issued a “reduce” rating and a $108.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of VMware to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Deutsche Bank boosted their price target on shares of VMware from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Zacks Investment Research downgraded shares of VMware from a “hold” rating to a “strong sell” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $130.00.
In related news, COO Sanjay Poonen sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $129.71, for a total transaction of $1,297,100.00. The sale was disclosed in a document filed 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 three months, insiders sold 38,726 shares of company stock worth $4,774,927. Insiders own 34.40% of the company’s stock.
Shares of VMware, Inc. (VMW) traded up $0.95 on Tuesday, hitting $117.53. 624,148 shares of the company’s stock traded hands, compared to its average volume of 3,741,965. 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 capitalization of $47,070.00, a PE ratio of 33.36, a price-to-earnings-growth ratio of 2.35 and a beta of 0.81. VMware, Inc. has a one year low of $85.45 and a one year high of $165.00.
VMware (NYSE:VMW) last posted its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. sell-side analysts forecast that VMware, Inc. will post 3.77 EPS 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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