Other large investors have also bought and sold shares of the company. Orinda Asset Management LLC acquired a new stake in Vmware during the third quarter valued at approximately $197,000. World Asset Management Inc purchased a new position in shares of Vmware during the third quarter worth $238,000. Advisor Group Inc. increased its position in shares of Vmware by 20.9% in the third quarter. Advisor Group Inc. now owns 3,489 shares of the virtualization software provider’s stock worth $256,000 after buying an additional 602 shares during the period. Amalgamated Bank purchased a new position in shares of Vmware during the second quarter worth $252,000. Finally, WMS Partners LLC purchased a new position in shares of Vmware during the second quarter worth $206,000. 21.15% of the stock is currently owned by institutional investors.
Caisse DE Depot ET Placement DU Quebec reduced its stake in shares of Vmware, Inc. (NYSE:VMW) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,600 shares of the virtualization software provider’s stock after selling 7,200 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Vmware were worth $9,359,000 at the end of the most recent reporting period.
Shares of Vmware, Inc. (NYSE:VMW) traded down 0.08% during mid-day trading on Friday, hitting $89.92. 1,082,660 shares of the company traded hands. Vmware, Inc. has a 52-week low of $45.15 and a 52-week high of $90.81. The firm has a market cap of $36.72 billion, a price-to-earnings ratio of 32.35 and a beta of 0.97. The firm has a 50-day moving average price of $83.78 and a 200 day moving average price of $77.34.
Vmware (NYSE:VMW) last issued its earnings results on Thursday, January 26th. The virtualization software provider reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.03. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Vmware had a net margin of 16.72% and a return on equity of 16.31%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Equities research analysts anticipate that Vmware, Inc. will post $4.86 EPS for the current fiscal year.
Several research analysts recently weighed in on the stock. Drexel Hamilton upped their price target on shares of Vmware to $105.00 in a research report on Friday, January 27th. Summit Redstone raised shares of Vmware from a “hold” rating to a “buy” rating in a research note on Tuesday, November 1st. Vetr cut shares of Vmware from a “strong-buy” rating to a “buy” rating and set a $88.00 price objective for the company. in a research note on Tuesday, November 1st. Jefferies Group LLC upped their price objective on shares of Vmware from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, October 27th. Finally, Citigroup Inc. raised shares of Vmware from a “neutral” rating to a “buy” rating and upped their price objective for the company from $79.00 to $95.00 in a research note on Thursday, October 27th. One analyst has rated the stock with a sell rating, twenty have given a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.40.
In other Vmware news, EVP Maurizio Carli sold 12,650 shares of the stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $81.14, for a total transaction of $1,026,421.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.
Vmware Company Profile
VMware, Inc is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC).
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