State of Tennessee Treasury Department increased its stake in shares of VMware, Inc. (NYSE:VMW) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 360,000 shares of the virtualization software provider’s stock after purchasing an additional 20,000 shares during the period. State of Tennessee Treasury Department’s holdings in VMware were worth $45,115,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VMW. Dimensional Fund Advisors LP raised its position in shares of VMware by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 89,919 shares of the virtualization software provider’s stock worth $7,862,000 after purchasing an additional 796 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of VMware by 44.9% during the 2nd quarter. Macquarie Group Ltd. now owns 10,000 shares of the virtualization software provider’s stock worth $874,000 after purchasing an additional 3,100 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in VMware by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,253 shares of the virtualization software provider’s stock valued at $1,159,000 after acquiring an additional 901 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in VMware by 18.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,614 shares of the virtualization software provider’s stock valued at $578,000 after acquiring an additional 1,036 shares in the last quarter. Finally, Gilman Hill Asset Management LLC grew its stake in VMware by 11.4% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 6,220 shares of the virtualization software provider’s stock valued at $679,000 after acquiring an additional 635 shares in the last quarter. Hedge funds and other institutional investors own 21.60% of the company’s stock.
Shares of VMware, Inc. (VMW) opened at $124.41 on Thursday. VMware, Inc. has a one year low of $85.45 and a one year high of $165.00. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.51. The firm has a market cap of $49,827.86, a P/E ratio of 35.33, a PEG ratio of 2.57 and a beta of 0.81.
VMware (NYSE:VMW) last issued its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 EPS for the quarter, topping 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 firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business posted $1.14 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. sell-side analysts forecast that VMware, Inc. will post 3.78 earnings per share for the current year.
In other news, COO Sanjay Poonen sold 2,764 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $118.50, for a total value of $327,534.00. Following the transaction, the chief operating officer now directly owns 189,391 shares in the company, valued at approximately $22,442,833.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $120.40, for a total transaction of $2,815,072.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,726 shares of company stock worth $4,774,927. Company insiders own 34.40% of the company’s stock.
VMW has been the subject of several research reports. Drexel Hamilton reaffirmed a “buy” rating and set a $120.00 price objective on shares of VMware in a research note on Thursday, November 2nd. Bank of America upped their price objective on shares of VMware from $125.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, November 27th. Nomura initiated coverage on shares of VMware in a research note on Tuesday, January 23rd. They set a “reduce” rating and a $108.00 price objective for the company. Citigroup cut shares of VMware from a “buy” rating to a “neutral” rating and set a $124.00 price objective for the company. in a research note on Monday, February 5th. Finally, Deutsche Bank upped their price objective on shares of VMware from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $130.00.
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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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