Columbia Pacific Advisors LLC trimmed its stake in VMware, Inc. (NYSE:VMW) by 56.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,529 shares of the virtualization software provider’s stock after selling 3,269 shares during the quarter. VMware makes up 0.5% of Columbia Pacific Advisors LLC’s holdings, making the stock its 26th biggest position. Columbia Pacific Advisors LLC’s holdings in VMware were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC lifted its stake in shares of VMware by 7.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 795,958 shares of the virtualization software provider’s stock valued at $99,749,000 after buying an additional 53,607 shares in the last quarter. Premia Global Advisors LLC purchased a new stake in shares of VMware during the 4th quarter valued at approximately $260,000. Stone Ridge Asset Management LLC purchased a new stake in shares of VMware during the 4th quarter valued at approximately $2,232,000. Guggenheim Capital LLC lifted its stake in shares of VMware by 37.4% during the 4th quarter. Guggenheim Capital LLC now owns 96,827 shares of the virtualization software provider’s stock valued at $12,134,000 after buying an additional 26,355 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of VMware by 66.5% during the 4th quarter. Deutsche Bank AG now owns 793,942 shares of the virtualization software provider’s stock valued at $99,492,000 after buying an additional 317,198 shares in the last quarter. Hedge funds and other institutional investors own 22.48% of the company’s stock.
A number of analysts recently commented on VMW shares. Deutsche Bank upped their price target on shares of VMware from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Cowen upgraded shares of VMware from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 11th. Nomura started coverage on shares of VMware in a research note on Tuesday, January 23rd. They set a “reduce” rating and a $108.00 price target on the stock. KeyCorp upgraded shares of VMware from a “sector weight” rating to an “overweight” rating and set a $142.00 price target on the stock in a research note on Monday, December 18th. Finally, 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 note on Monday, February 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. VMware currently has an average rating of “Buy” and a consensus price target of $131.42.
VMware, Inc. (VMW) opened at $127.19 on Tuesday. The company has a market cap of $51,280.00, a price-to-earnings ratio of 33.83, a PEG ratio of 2.27 and a beta of 0.72. VMware, Inc. has a twelve month low of $85.45 and a twelve month high of $165.00. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.51.
VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.06. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. VMware had a net margin of 7.18% and a return on equity of 19.52%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. equities research analysts expect that VMware, Inc. will post 4.53 earnings per share for the current fiscal year.
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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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