Pegasus Partners Ltd. lifted its stake in VMware, Inc. (NYSE:VMW) by 37.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,756 shares of the virtualization software provider’s stock after buying an additional 3,721 shares during the quarter. Pegasus Partners Ltd.’s holdings in VMware were worth $1,724,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Investec Asset Management LTD boosted its holdings in shares of VMware by 0.5% in the 3rd quarter. Investec Asset Management LTD now owns 2,682,460 shares of the virtualization software provider’s stock worth $292,898,000 after purchasing an additional 13,318 shares during the period. JPMorgan Chase & Co. raised its position in VMware by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,379,344 shares of the virtualization software provider’s stock valued at $259,824,000 after purchasing an additional 59,923 shares in the last quarter. APG Asset Management N.V. raised its position in VMware by 13.1% during the 4th quarter. APG Asset Management N.V. now owns 2,312,412 shares of the virtualization software provider’s stock valued at $241,332,000 after purchasing an additional 267,491 shares in the last quarter. Wells Fargo & Company MN raised its position in VMware by 6.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,792,367 shares of the virtualization software provider’s stock valued at $195,708,000 after purchasing an additional 105,543 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its position in VMware by 5.2% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,708,462 shares of the virtualization software provider’s stock valued at $186,546,000 after purchasing an additional 84,571 shares in the last quarter. 22.42% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on the company. Zacks Investment Research raised VMware from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Wednesday. Maxim Group reaffirmed a “hold” rating and set a $134.00 target price (up from $123.00) on shares of VMware in a research report on Tuesday. Hilliard Lyons downgraded VMware from a “buy” rating to a “neutral” rating in a research note on Friday, March 2nd. BMO Capital Markets lowered their target price on VMware from $142.00 to $138.00 and set an “outperform” rating on the stock in a research note on Friday, March 2nd. Finally, Mizuho restated a “neutral” rating and issued a $125.00 target price (up previously from $110.00) on shares of VMware in a research note on Friday, March 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $131.42.
Shares of VMware, Inc. (NYSE VMW) traded down $0.73 during trading hours on Thursday, hitting $123.52. The stock had a trading volume of 1,236,224 shares, compared to its average volume of 4,620,000. The stock has a market cap of $49,800.00, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 2.33 and a beta of 0.72. 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, Inc. has a fifty-two week low of $85.45 and a fifty-two week high of $165.00.
VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.06. VMware had a return on equity of 19.52% and a net margin of 7.18%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. sell-side analysts expect that VMware, Inc. will post 4.22 EPS for the current year.
In other VMware news, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $120.40, for a total value of $2,815,072.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurizio Carli sold 2,581 shares of the business’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 disclosure for this sale can be found here. Insiders have sold a total of 38,726 shares of company stock valued at $4,774,927 over the last 90 days. 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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