MML Investors Services LLC increased its position in shares of VMware, Inc. (NYSE:VMW) by 26.6% during the 4th quarter, HoldingsChannel reports. The fund owned 3,736 shares of the virtualization software provider’s stock after purchasing an additional 784 shares during the period. MML Investors Services LLC’s holdings in VMware were worth $468,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of VMW. Global Trust Asset Management LLC acquired a new stake in VMware in the fourth quarter valued at approximately $138,000. Bronfman E.L. Rothschild L.P. boosted its position in VMware by 1,643.8% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock valued at $139,000 after buying an additional 1,200 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in VMware in the fourth quarter valued at approximately $209,000. Bank of Hawaii acquired a new stake in VMware in the fourth quarter valued at approximately $202,000. Finally, Wedgewood Investors Inc. PA acquired a new stake in VMware in the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 22.48% of the company’s stock.
In other VMware news, COO Sanjay Poonen sold 10,000 shares of VMware stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $129.71, for a total value of $1,297,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurizio Carli sold 2,581 shares of VMware stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total transaction of $335,220.28. The disclosure for this sale can be found here. Insiders own 34.40% of the company’s stock.
VMware (NYSE:VMW) last posted its quarterly earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.06. VMware had a net margin of 7.18% and a return on equity of 19.52%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The business’s revenue was up 13.6% compared to the same quarter last year. equities research analysts predict that VMware, Inc. will post 4.53 EPS for the current year.
A number of brokerages have weighed in on VMW. Cowen restated a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of VMware in a research report on Monday, January 29th. Nomura began coverage on shares of VMware in a research report on Tuesday, January 23rd. They issued a “reduce” rating and a $108.00 target price on the stock. Royal Bank of Canada raised their price target on shares of VMware to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Wells Fargo reaffirmed a “market perform” rating and set a $125.00 price target (up previously from $110.00) on shares of VMware in a research note on Wednesday, February 28th. Finally, Deutsche Bank raised 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. 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. The stock currently has an average rating of “Buy” and a consensus price target of $131.42.
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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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