Darrell & King LLC trimmed its position in VMware, Inc. (NYSE:VMW) by 4.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 401,558 shares of the virtualization software provider’s stock after selling 19,766 shares during the period. VMware comprises approximately 6.9% of Darrell & King LLC’s holdings, making the stock its largest holding. Darrell & King LLC’s holdings in VMware were worth $50,323,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Global Trust Asset Management LLC bought a new position in shares of VMware in the 4th quarter worth $138,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of VMware by 1,643.8% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock worth $139,000 after purchasing an additional 1,200 shares during the last quarter. Prospera Financial Services Inc bought a new position in shares of VMware in the 4th quarter worth $209,000. Bank of Hawaii bought a new position in shares of VMware in the 4th quarter worth $202,000. Finally, Wedgewood Investors Inc. PA bought a new position in shares of VMware in the 4th quarter worth $207,000. Hedge funds and other institutional investors own 21.60% of the company’s stock.
Several research analysts have recently issued reports on VMW shares. Deutsche Bank raised their price target on VMware from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Cowen raised VMware from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded VMware from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Barclays reaffirmed a “buy” rating on shares of VMware in a research note on Friday, November 10th. Finally, Nomura started coverage on VMware in a research note on Tuesday, January 23rd. They set a “reduce” rating and a $108.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $130.00.
VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.07. VMware had a return on equity of 18.57% and a net margin of 18.97%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the business posted $1.14 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. equities research analysts forecast that VMware, Inc. will post 3.78 earnings per share for the current fiscal year.
In other VMware news, EVP Maurizio Carli sold 2,581 shares of VMware stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $129.88, for a total value of $335,220.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Sanjay Poonen sold 2,764 shares of VMware stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $118.50, for a total value of $327,534.00. Following the completion of the sale, the chief operating officer now directly owns 189,391 shares in the company, valued at approximately $22,442,833.50. The disclosure for this sale can be found here. Insiders sold a total of 38,726 shares of company stock worth $4,774,927 in the last three months. Company insiders own 34.40% of the company’s stock.
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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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