State of Alaska Department of Revenue raised its position in VMware, Inc. (NYSE:VMW) by 2.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,268 shares of the virtualization software provider’s stock after purchasing an additional 264 shares during the period. State of Alaska Department of Revenue’s holdings in VMware were worth $1,407,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. TLP Group LLC acquired a new position in shares of VMware during the 3rd quarter valued at $118,000. Tower Research Capital LLC TRC acquired a new position in shares of VMware during the 3rd quarter valued at $181,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of VMware during the 3rd quarter valued at $202,000. Calamos Advisors LLC acquired a new position in shares of VMware during the 3rd quarter valued at $204,000. Finally, Greenleaf Trust acquired a new position in shares of VMware during the 3rd quarter valued at $213,000. Hedge funds and other institutional investors own 18.52% of the company’s stock.
VMW has been the topic of a number of research reports. Zacks Investment Research upgraded shares of VMware from a “hold” rating to a “buy” rating and set a $183.00 target price on the stock in a research report on Thursday, December 6th. Citigroup assumed coverage on shares of VMware in a research report on Tuesday, January 8th. They set a “buy” rating and a $166.00 target price on the stock. Jefferies Financial Group upped their price objective on shares of VMware from $186.00 to $196.00 and gave the stock a “buy” rating in a report on Friday, November 30th. Morgan Stanley downgraded shares of VMware from an “overweight” rating to an “equal” rating and lowered their price objective for the stock from $175.00 to $152.00 in a report on Tuesday, January 15th. Finally, Stifel Nicolaus restated a “hold” rating and set a $145.00 price objective (up previously from $142.00) on shares of VMware in a report on Friday, November 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $168.35.
NYSE VMW opened at $147.66 on Friday. VMware, Inc. has a 1 year low of $108.46 and a 1 year high of $169.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.04 and a quick ratio of 3.04. The firm has a market capitalization of $58.98 billion, a PE ratio of 38.25, a PEG ratio of 2.15 and a beta of 0.68.
VMware (NYSE:VMW) last posted its earnings results on Thursday, November 29th. The virtualization software provider reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.42. VMware had a net margin of 17.03% and a return on equity of 19.62%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business posted $1.34 EPS. The business’s revenue was up 13.5% compared to the same quarter last year. Analysts forecast that VMware, Inc. will post 4.77 earnings per share for the current fiscal year.
The business also recently declared a dividend, which was paid on Friday, December 28th. Investors of record on Thursday, December 27th were given a dividend of $26.81 per share. The ex-dividend date was Monday, December 31st.
In related news, EVP Maurizio Carli sold 36,848 shares of the stock in a transaction dated Friday, January 11th. The shares were sold at an average price of $146.79, for a total transaction of $5,408,917.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger sold 25,000 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $150.00, for a total transaction of $3,750,000.00. Following the transaction, the chief executive officer now owns 407,743 shares of the company’s stock, valued at approximately $61,161,450. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 161,923 shares of company stock valued at $24,409,673. 29.90% of the stock is owned by company insiders.
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VMware Company Profile
VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.
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