Tiaa Fsb lifted its position in VMware, Inc. (NYSE:VMW) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,173 shares of the virtualization software provider’s stock after purchasing an additional 2,019 shares during the quarter. Tiaa Fsb’s holdings in VMware were worth $8,696,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CI Investments Inc. grew its holdings in shares of VMware by 192.4% in the third quarter. CI Investments Inc. now owns 46,673 shares of the virtualization software provider’s stock worth $7,284,000 after purchasing an additional 30,710 shares during the last quarter. FMR LLC boosted its holdings in VMware by 3.0% in the third quarter. FMR LLC now owns 27,273 shares of the virtualization software provider’s stock valued at $4,257,000 after acquiring an additional 785 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in VMware by 20.5% in the third quarter. Dimensional Fund Advisors LP now owns 105,511 shares of the virtualization software provider’s stock valued at $16,466,000 after acquiring an additional 17,948 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in VMware in the third quarter valued at $181,000. Finally, First Republic Investment Management Inc. boosted its holdings in VMware by 5.5% in the third quarter. First Republic Investment Management Inc. now owns 6,605 shares of the virtualization software provider’s stock valued at $1,030,000 after acquiring an additional 342 shares in the last quarter. 17.92% of the stock is owned by hedge funds and other institutional investors.
Shares of VMW stock opened at $192.14 on Tuesday. VMware, Inc. has a 12 month low of $126.00 and a 12 month high of $194.24. The firm has a market cap of $78.86 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 7.70.
VMware (NYSE:VMW) last announced its earnings results on Thursday, February 28th. The virtualization software provider reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.10. VMware had a net margin of 26.99% and a return on equity of 25.50%. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business posted $1.68 EPS. As a group, analysts expect that VMware, Inc. will post 4.94 earnings per share for the current year.
Several research firms recently weighed in on VMW. Wedbush lifted their price target on shares of VMware from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Mizuho began coverage on shares of VMware in a report on Wednesday, March 13th. They issued a “neutral” rating and a $160.00 price target on the stock. Goldman Sachs Group cut shares of VMware from a “neutral” rating to a “sell” rating and set a $177.00 price target on the stock. in a report on Wednesday, March 6th. Nomura set a $130.00 price target on shares of VMware and gave the company a “sell” rating in a report on Friday, March 1st. Finally, Barclays lifted their price target on shares of VMware from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $180.48.
In other news, CEO Patrick P. Gelsinger sold 21,086 shares of VMware stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $178.74, for a total value of $3,768,911.64. Following the completion of the transaction, the chief executive officer now owns 277,920 shares of the company’s stock, valued at approximately $49,675,420.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider P. Kevan Krysler sold 11,993 shares of VMware stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.04, for a total value of $2,207,191.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 248,577 shares of company stock worth $44,873,977. Company insiders own 29.90% of the company’s stock.
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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