Lunia Capital LP bought a new position in shares of VMware, Inc. (NYSE:VMW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,713 shares of the virtualization software provider’s stock, valued at approximately $2,596,000.
Several other institutional investors have also added to or reduced their stakes in VMW. Global Trust Asset Management LLC purchased a new stake in shares of VMware during the fourth quarter worth $138,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of 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 acquiring an additional 1,200 shares during the last quarter. Enterprise Financial Services Corp boosted its position in shares of VMware by 3,975.6% during the 3rd quarter. Enterprise Financial Services Corp now owns 1,671 shares of the virtualization software provider’s stock valued at $182,000 after acquiring an additional 1,630 shares during the last quarter. Bank of Hawaii acquired a new position in shares of VMware during the 4th quarter valued at about $202,000. Finally, Cadence Capital Management LLC acquired a new position in shares of VMware during the 3rd quarter valued at about $204,000. 21.60% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Mizuho reissued a “hold” rating and set a $110.00 price target on shares of VMware in a research report on Friday, February 23rd. Edward Jones cut shares of VMware from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Citigroup cut shares of VMware from a “buy” rating to a “neutral” rating and set a $124.00 price target on the stock. in a research report on Monday, February 5th. Zacks Investment Research cut shares of VMware from a “hold” rating to a “strong sell” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird reissued a “buy” rating and set a $135.00 price target on shares of VMware in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $130.00.
Shares of VMware, Inc. (VMW) opened at $128.85 on Wednesday. The stock has a market cap of $51,867.74, a PE ratio of 34.87, a PEG ratio of 2.67 and a beta of 0.81. VMware, Inc. has a 1 year low of $85.45 and a 1 year high of $165.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86.
VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.07. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.97 billion. VMware had a net margin of 18.97% and a return on equity of 18.57%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. research analysts expect that VMware, Inc. will post 3.78 EPS for the current fiscal year.
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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