Two Sigma Advisers LP cut its position in VMware, Inc. (NYSE:VMW) by 44.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 948,339 shares of the virtualization software provider’s stock after selling 771,400 shares during the quarter. Two Sigma Advisers LP’s holdings in VMware were worth $118,846,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Honeywell International Inc. acquired a new stake in VMware during the 4th quarter worth approximately $21,304,000. RWC Asset Management LLP purchased a new position in VMware in the 4th quarter valued at approximately $6,266,000. Stifel Financial Corp increased its stake in VMware by 3.1% in the 3rd quarter. Stifel Financial Corp now owns 93,216 shares of the virtualization software provider’s stock valued at $10,206,000 after purchasing an additional 2,777 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in VMware in the 4th quarter valued at approximately $845,000. Finally, KBC Group NV increased its stake in VMware by 10.8% in the 4th quarter. KBC Group NV now owns 604,148 shares of the virtualization software provider’s stock valued at $75,712,000 after purchasing an additional 58,758 shares in the last quarter. 22.48% of the stock is owned by hedge funds and other institutional investors.
Shares of VMware, Inc. (NYSE VMW) traded down $1.33 on Tuesday, hitting $125.86. The company’s stock had a trading volume of 157,022 shares, compared to its average volume of 3,368,572. The firm has a market capitalization of $50,811.17, a PE ratio of 94.21, a PEG ratio of 2.27 and a beta of 0.72. VMware, Inc. has a 12 month low of $85.45 and a 12 month 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.
Several research firms recently weighed in on VMW. Drexel Hamilton reaffirmed a “buy” rating and issued a $120.00 price objective on shares of VMware in a research note on Thursday, November 30th. Hilliard Lyons downgraded VMware from a “buy” rating to a “neutral” rating in a research note on Friday, March 2nd. Mizuho reissued a “hold” rating and set a $110.00 price target on shares of VMware in a research report on Thursday, November 30th. Maxim Group raised their price target on VMware from $113.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, December 1st. Finally, Gabelli downgraded VMware from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty have assigned a buy rating to the company. VMware currently has an average rating of “Buy” and an average price target of $131.42.
In other news, COO Sanjay Poonen sold 10,000 shares of VMware stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total transaction of $1,297,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. 34.40% of the stock is currently owned by insiders.
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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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