Swiss National Bank lowered its position in VMware, Inc. (NYSE:VMW) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 391,661 shares of the virtualization software provider’s stock after selling 33,300 shares during the period. Swiss National Bank owned 0.10% of VMware worth $49,083,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC bought a new position in VMware in the 4th quarter worth approximately $138,000. Bronfman E.L. Rothschild L.P. raised its position in VMware by 1,643.8% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock worth $139,000 after purchasing an additional 1,200 shares during the last quarter. Prospera Financial Services Inc bought a new position in VMware in the 4th quarter worth approximately $209,000. Wedgewood Investors Inc. PA bought a new position in VMware in the 4th quarter worth approximately $207,000. Finally, Quantitative Systematic Strategies LLC bought a new position in VMware in the 4th quarter worth approximately $209,000. Institutional investors own 21.86% of the company’s stock.
Several research firms recently weighed in on VMW. Citigroup boosted their price objective on shares of VMware to $145.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Gabelli cut shares of VMware from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. They noted that the move was a valuation call. Oppenheimer boosted their price objective on shares of VMware from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. Edward Jones cut shares of VMware from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Mizuho restated a “hold” rating and issued a $110.00 price objective on shares of VMware in a research report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company. VMware presently has a consensus rating of “Buy” and a consensus target price of $130.00.
VMware, Inc. (NYSE VMW) opened at $124.55 on Friday. VMware, Inc. has a fifty-two week low of $85.45 and a fifty-two week high of $165.00. The stock has a market cap of $50,210.00, a price-to-earnings ratio of 35.59, a PEG ratio of 2.58 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.86 and a quick ratio of 2.86.
VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. VMware had a net margin of 18.97% and a return on equity of 18.57%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. sell-side analysts expect that VMware, Inc. will post 3.77 earnings per share for the current fiscal year.
In related news, EVP Maurizio Carli sold 2,581 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total value of $335,220.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Sanjay Poonen sold 2,764 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $118.50, for a total transaction of $327,534.00. Following the completion of the transaction, the chief operating officer now directly owns 189,391 shares of the company’s stock, valued at $22,442,833.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,726 shares of company stock valued at $4,774,927. Company insiders own 34.40% of the company’s stock.
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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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