The Manufacturers Life Insurance Company lessened its stake in VMware, Inc. (NYSE:VMW) by 76.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,113 shares of the virtualization software provider’s stock after selling 88,944 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in VMware were worth $3,397,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new position in VMware during the 4th quarter valued at about $138,000. Bronfman E.L. Rothschild L.P. increased its holdings in VMware by 1,643.8% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock valued at $139,000 after purchasing an additional 1,200 shares during the period. Cadence Capital Management LLC purchased a new position in VMware during the 3rd quarter valued at about $204,000. Argent Trust Co purchased a new position in VMware during the 3rd quarter valued at about $205,000. Finally, Wedgewood Investors Inc. PA purchased a new position in VMware during the 4th quarter valued at about $207,000. 22.48% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on VMW shares. Drexel Hamilton restated a “buy” rating and set a $120.00 price target on shares of VMware in a report on Thursday, November 30th. Stifel Nicolaus restated a “buy” rating and set a $152.00 price target (up previously from $150.00) on shares of VMware in a report on Monday, November 27th. Bank of America boosted their price target on VMware from $125.00 to $148.00 and gave the company a “buy” rating in a report on Monday, November 27th. Robert W. Baird restated a “buy” rating and set a $135.00 price target on shares of VMware in a report on Friday, December 1st. Finally, Deutsche Bank restated a “buy” rating and set a $145.00 price target on shares of VMware in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $131.42.
Shares of VMware, Inc. (NYSE:VMW) opened at $124.03 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.86 and a quick ratio of 2.86. The firm has a market capitalization of $50,540.00, a P/E ratio of 32.99, a P/E/G ratio of 2.27 and a beta of 0.72. VMware, Inc. has a 52 week low of $85.45 and a 52 week high of $165.00.
VMware (NYSE:VMW) last posted its quarterly earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.06. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. VMware had a return on equity of 19.52% and a net margin of 7.18%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. analysts forecast that VMware, Inc. will post 4.53 earnings per share for the current fiscal year.
VMware Company Profile
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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