Caisse DE Depot ET Placement DU Quebec trimmed its stake in VMware, Inc. (NYSE:VMW) by 17.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,100 shares of the virtualization software provider’s stock after selling 4,800 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in VMware were worth $2,895,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Honeywell International Inc. acquired a new stake in shares of VMware in the fourth quarter valued at approximately $21,304,000. RWC Asset Management LLP acquired a new stake in shares of VMware in the fourth quarter valued at approximately $6,266,000. Stifel Financial Corp lifted its position in shares of VMware by 3.1% in the third quarter. Stifel Financial Corp now owns 93,216 shares of the virtualization software provider’s stock valued at $10,206,000 after buying an additional 2,777 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of VMware in the fourth quarter valued at approximately $845,000. Finally, KBC Group NV lifted its position in shares of VMware by 10.8% in the fourth quarter. KBC Group NV now owns 604,148 shares of the virtualization software provider’s stock valued at $75,712,000 after buying an additional 58,758 shares during the last quarter. 22.48% of the stock is owned by institutional investors.
In other news, COO Sanjay Poonen sold 10,000 shares of VMware stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total value of $1,297,100.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurizio Carli sold 2,581 shares of VMware 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. Company insiders own 34.40% of the company’s stock.
VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, March 1st. The virtualization software provider reported $1.68 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the company earned $1.43 EPS. The company’s revenue was up 13.6% on a year-over-year basis. equities analysts forecast that VMware, Inc. will post 4.53 earnings per share for the current year.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised VMware from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Wednesday, March 7th. Maxim Group reaffirmed a “hold” rating and issued a $134.00 price objective (up from $123.00) on shares of VMware in a research report on Tuesday, March 6th. Hilliard Lyons cut VMware from a “buy” rating to a “neutral” rating in a research report on Friday, March 2nd. BMO Capital Markets cut their price objective on VMware from $142.00 to $138.00 and set an “outperform” rating for the company in a research report on Friday, March 2nd. Finally, Mizuho reaffirmed a “neutral” rating and issued a $125.00 price objective (up from $110.00) on shares of VMware in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $131.42.
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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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