Stratos Wealth Partners LTD. purchased a new stake in VMware, Inc. (NYSE:VMW) during the first quarter, HoldingsChannel reports. The firm purchased 1,419 shares of the virtualization software provider’s stock, valued at approximately $256,000.
Other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors lifted its stake in shares of VMware by 217.6% in the 4th quarter. Captrust Financial Advisors now owns 216 shares of the virtualization software provider’s stock valued at $30,000 after purchasing an additional 148 shares during the period. Parkside Financial Bank & Trust bought a new stake in shares of VMware in the 4th quarter valued at $35,000. Meeder Asset Management Inc. bought a new stake in shares of VMware in the 1st quarter valued at $51,000. Hanson & Doremus Investment Management bought a new stake in shares of VMware in the 1st quarter valued at $53,000. Finally, Rational Advisors LLC increased its position in shares of VMware by 10,166.7% in the 4th quarter. Rational Advisors LLC now owns 308 shares of the virtualization software provider’s stock valued at $42,000 after buying an additional 305 shares in the last quarter. 17.67% of the stock is currently owned by institutional investors.
A number of analysts recently commented on the stock. Wedbush upped their price objective on shares of VMware from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. KeyCorp upped their price objective on shares of VMware from $192.00 to $206.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Deutsche Bank upped their price objective on shares of VMware from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Oppenheimer upped their price objective on shares of VMware from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, Zacks Investment Research cut shares of VMware from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $189.04.
VMware (NYSE:VMW) last released its earnings results on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.10. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.50 billion. VMware had a return on equity of 25.50% and a net margin of 26.99%. During the same quarter in the prior year, the company earned $1.68 EPS. As a group, sell-side analysts forecast that VMware, Inc. will post 4.87 earnings per share for the current year.
In other VMware news, COO Rajiv Ramaswami sold 14,862 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $200.36, for a total transaction of $2,977,750.32. Following the completion of the transaction, the chief operating officer now owns 234,273 shares in the company, valued at approximately $46,938,938.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger sold 20,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $203.89, for a total value of $4,077,800.00. Following the transaction, the chief executive officer now owns 448,888 shares of the company’s stock, valued at approximately $91,523,774.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 315,896 shares of company stock valued at $58,151,231. Corporate insiders own 28.80% of the company’s stock.
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VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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