Rhumbline Advisers Grows Position in VMware, Inc. (VMW)

Rhumbline Advisers increased its position in VMware, Inc. (NYSE:VMW) by 14.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,027 shares of the virtualization software provider’s stock after buying an additional 9,832 shares during the period. Rhumbline Advisers’ holdings in VMware were worth $14,446,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nkcfo LLC acquired a new position in VMware during the fourth quarter valued at approximately $120,000. Bank of Montreal Can grew its stake in shares of VMware by 1.3% in the fourth quarter. Bank of Montreal Can now owns 173,961 shares of the virtualization software provider’s stock worth $23,855,000 after acquiring an additional 2,254 shares during the last quarter. Ackerman Capital Advisors LLC grew its stake in shares of VMware by 10,184.8% in the fourth quarter. Ackerman Capital Advisors LLC now owns 205,695 shares of the virtualization software provider’s stock worth $1,500,000 after acquiring an additional 203,695 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of VMware by 183.1% in the fourth quarter. Hsbc Holdings PLC now owns 196,028 shares of the virtualization software provider’s stock worth $26,881,000 after acquiring an additional 126,788 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of VMware by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 95,841 shares of the virtualization software provider’s stock worth $13,143,000 after acquiring an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 17.74% of the company’s stock.

VMware stock opened at $197.93 on Thursday. The company has a debt-to-equity ratio of 7.70, a current ratio of 0.99 and a quick ratio of 0.99. VMware, Inc. has a 12-month low of $129.33 and a 12-month high of $205.44. The stock has a market capitalization of $78.82 billion, a P/E ratio of 40.15, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the business posted $1.68 earnings per share. As a group, sell-side analysts predict that VMware, Inc. will post 4.87 EPS for the current fiscal year.

In related news, COO Rajiv Ramaswami sold 14,862 shares of VMware stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $200.36, for a total value of $2,977,750.32. Following the completion of the transaction, the chief operating officer now directly owns 234,273 shares of the company’s stock, valued at $46,938,938.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zane Rowe sold 48,630 shares of VMware stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $183.25, for a total value of $8,911,447.50. Following the completion of the transaction, the chief financial officer now directly owns 191,199 shares of the company’s stock, valued at $35,037,216.75. The disclosure for this sale can be found here. Insiders sold 315,896 shares of company stock valued at $58,151,231 over the last ninety days. 29.90% of the stock is currently owned by company insiders.

VMW has been the topic of several research analyst reports. KeyCorp raised their price objective on shares of VMware from $172.00 to $192.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Nomura set a $130.00 price objective on shares of VMware and gave the stock a “sell” rating in a research note on Friday, March 1st. Deutsche Bank raised their price objective on shares of VMware from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Mizuho initiated coverage on shares of VMware in a research note on Wednesday, March 13th. They issued a “neutral” rating and a $160.00 price objective on the stock. Finally, Raymond James raised their price objective on shares of VMware from $163.00 to $196.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $186.52.

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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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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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