Meadow Creek Investment Management LLC acquired a new position in VMware, Inc. (NYSE:VMW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,080 shares of the virtualization software provider’s stock, valued at approximately $511,000.
Other institutional investors have also modified their holdings of the company. Honeywell International Inc. bought a new stake in shares of VMware in the fourth quarter worth $21,304,000. RWC Asset Management LLP bought a new stake in shares of VMware in the fourth quarter worth $6,266,000. Stifel Financial Corp grew its stake in shares of VMware by 3.1% in the third quarter. Stifel Financial Corp now owns 93,216 shares of the virtualization software provider’s stock worth $10,206,000 after purchasing an additional 2,777 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of VMware in the fourth quarter worth $845,000. Finally, KBC Group NV grew its stake in shares of VMware by 10.8% in the fourth quarter. KBC Group NV now owns 604,148 shares of the virtualization software provider’s stock worth $75,712,000 after purchasing an additional 58,758 shares during the last quarter. 22.44% of the stock is currently owned by institutional investors.
VMware stock opened at $122.06 on Friday. VMware, Inc. has a fifty-two week low of $85.45 and a fifty-two week high of $165.00. The firm has a market cap of $49,284.90, a PE ratio of 30.98, a PEG ratio of 2.20 and a beta of 0.72. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.51.
In related news, COO Sanjay Poonen sold 10,000 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which is available at this link. Also, EVP Maurizio Carli sold 2,581 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was 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. 34.40% of the stock is currently owned by corporate insiders.
VMW has been the topic of several analyst reports. Deutsche Bank boosted their price objective on shares of VMware from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Citigroup cut shares of VMware from a “buy” rating to a “neutral” rating and set a $124.00 price objective on the stock. in a research note on Monday, February 5th. Zacks Investment Research raised shares of VMware from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Wednesday, March 7th. Jefferies Group reissued a “buy” rating and issued a $140.00 price objective on shares of VMware in a research note on Friday, December 1st. Finally, Wells Fargo reissued a “market perform” rating and issued a $125.00 price objective (up previously from $110.00) on shares of VMware in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty have assigned a buy rating to the stock. VMware has an average rating of “Buy” and an average target price 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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