Mn Services Vermogensbeheer B.V. lifted its stake in VMware, Inc. (NYSE:VMW) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,795 shares of the virtualization software provider’s stock after buying an additional 1,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in VMware were worth $7,544,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Johanson Financial Advisors Inc. purchased a new stake in shares of VMware in the first quarter worth about $298,000. Nissay Asset Management Corp Japan ADV boosted its holdings in VMware by 12.9% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 6,850 shares of the virtualization software provider’s stock valued at $1,236,000 after purchasing an additional 780 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in VMware by 252.1% in the first quarter. Crossmark Global Holdings Inc. now owns 7,444 shares of the virtualization software provider’s stock valued at $1,344,000 after purchasing an additional 5,330 shares during the last quarter. Banque Pictet & Cie SA purchased a new position in VMware in the first quarter valued at about $7,303,000. Finally, Park Avenue Securities LLC purchased a new position in VMware in the first quarter valued at about $203,000. 17.74% of the stock is owned by institutional investors.
Shares of NYSE VMW opened at $201.80 on Thursday. VMware, Inc. has a 52-week low of $129.33 and a 52-week high of $205.44. The company has a market cap of $78.82 billion, a price-to-earnings ratio of 40.93, a PEG ratio of 2.95 and a beta of 0.81. The company has a debt-to-equity ratio of 7.70, a quick ratio of 0.99 and a current ratio of 0.99.
VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.10. VMware had a return on equity of 25.50% and a net margin of 26.99%. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. As a group, equities research analysts predict that VMware, Inc. will post 4.87 EPS for the current fiscal year.
VMW has been the subject of a number of analyst reports. Oppenheimer increased their price target on VMware from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Goldman Sachs Group downgraded VMware from a “neutral” rating to a “sell” rating and set a $177.00 price target for the company. in a report on Wednesday, March 6th. Nomura set a $130.00 price target on VMware and gave the company a “sell” rating in a report on Friday, March 1st. Raymond James increased their price target on VMware from $163.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, Citigroup increased their price target on VMware from $166.00 to $201.00 and gave the company a “buy” rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. VMware currently has a consensus rating of “Buy” and an average target price of $186.52.
In other news, COO Sanjay Poonen sold 50,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $182.60, for a total transaction of $9,130,000.00. Following the sale, the chief operating officer now directly owns 308,556 shares in the company, valued at approximately $56,342,325.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Amy Fliegelman Olli sold 1,723 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $178.98, for a total value of $308,382.54. Following the sale, the vice president now owns 34,332 shares in the company, valued at $6,144,741.36. The disclosure for this sale can be found here. Insiders have sold a total of 315,896 shares of company stock worth $58,151,231 over the last quarter. Insiders own 29.90% of the company’s stock.
VMware Company Profile
VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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