State Board of Administration of Florida Retirement System grew its stake in VMware, Inc. (NYSE:VMW) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,841 shares of the virtualization software provider’s stock after acquiring an additional 252 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in VMware were worth $13,143,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of VMW. BlackRock Inc. lifted its position in shares of VMware by 44.5% in the third quarter. BlackRock Inc. now owns 5,501,102 shares of the virtualization software provider’s stock valued at $858,503,000 after acquiring an additional 1,693,475 shares in the last quarter. American Century Companies Inc. lifted its position in VMware by 19,743.7% during the third quarter. American Century Companies Inc. now owns 412,749 shares of the virtualization software provider’s stock worth $64,414,000 after buying an additional 410,669 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in VMware during the third quarter worth about $40,688,000. Ackerman Capital Advisors LLC lifted its position in VMware by 10,184.8% during the fourth quarter. Ackerman Capital Advisors LLC now owns 205,695 shares of the virtualization software provider’s stock worth $1,500,000 after buying an additional 203,695 shares during the period. Finally, Vanguard Group Inc lifted its position in VMware by 1.9% during the third quarter. Vanguard Group Inc now owns 4,387,621 shares of the virtualization software provider’s stock worth $684,732,000 after buying an additional 82,729 shares during the period. Institutional investors and hedge funds own 18.59% of the company’s stock.
Shares of VMware stock traded up $0.88 during trading hours on Monday, reaching $158.59. The stock had a trading volume of 174,401 shares, compared to its average volume of 1,152,689. The company has a market cap of $64.64 billion, a price-to-earnings ratio of 41.09, a price-to-earnings-growth ratio of 2.34 and a beta of 0.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.04 and a quick ratio of 3.04. VMware, Inc. has a 1 year low of $108.82 and a 1 year high of $169.25.
VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, November 29th. The virtualization software provider reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.42. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.17 billion. VMware had a return on equity of 19.62% and a net margin of 17.03%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $1.34 EPS. Research analysts anticipate that VMware, Inc. will post 4.77 EPS for the current year.
In other news, CFO Zane Rowe sold 6,500 shares of the stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $165.08, for a total value of $1,073,020.00. Following the completion of the sale, the chief financial officer now owns 89,276 shares in the company, valued at $14,737,682.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Patrick P. Gelsinger sold 30,095 shares of the stock in a transaction dated Friday, January 11th. The shares were sold at an average price of $146.78, for a total value of $4,417,344.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,578 shares of company stock valued at $18,885,326. Insiders own 29.90% of the company’s stock.
Several research firms recently weighed in on VMW. Morgan Stanley downgraded VMware from an “overweight” rating to an “equal” rating and reduced their target price for the stock from $175.00 to $152.00 in a research report on Tuesday, January 15th. JPMorgan Chase & Co. increased their target price on VMware from $165.00 to $194.00 and gave the stock an “overweight” rating in a research report on Friday, November 30th. BMO Capital Markets began coverage on VMware in a research report on Thursday, January 10th. They set an “outperform” rating and a $170.00 target price on the stock. Nomura set a $128.00 target price on VMware and gave the stock a “reduce” rating in a research report on Friday, November 30th. Finally, Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of VMware in a research report on Friday, November 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $168.05.
VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.
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