Ladenburg Thalmann Financial Services Inc. raised its position in shares of VMware, Inc. (NYSE:VMW) by 34.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,887 shares of the virtualization software provider’s stock after buying an additional 483 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in VMware were worth $149,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in shares of VMware during the third quarter worth approximately $491,000. Forte Capital LLC ADV boosted its stake in shares of VMware by 12.4% in the third quarter. Forte Capital LLC ADV now owns 12,275 shares of the virtualization software provider’s stock worth $900,000 after buying an additional 1,350 shares during the last quarter. First Quadrant L P CA boosted its stake in shares of VMware by 2.5% in the third quarter. First Quadrant L P CA now owns 391,094 shares of the virtualization software provider’s stock worth $28,687,000 after buying an additional 9,494 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of VMware by 876.5% in the third quarter. Bank of Montreal Can now owns 101,759 shares of the virtualization software provider’s stock worth $7,464,000 after buying an additional 91,338 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of VMware by 214.3% in the third quarter. Acadian Asset Management LLC now owns 27,846 shares of the virtualization software provider’s stock worth $2,042,000 after buying an additional 18,987 shares during the last quarter. 21.88% of the stock is owned by institutional investors and hedge funds.
Shares of VMware, Inc. (NYSE:VMW) opened at 91.73 on Friday. The firm has a market cap of $37.48 billion, a price-to-earnings ratio of 33.02 and a beta of 0.97. VMware, Inc. has a 12 month low of $49.76 and a 12 month high of $93.05. The company’s 50-day moving average is $90.51 and its 200-day moving average is $81.16.
VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, January 26th. The virtualization software provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. VMware had a net margin of 16.72% and a return on equity of 16.31%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the firm earned $1.26 EPS. VMware’s revenue was up 8.7% on a year-over-year basis. On average, equities research analysts forecast that VMware, Inc. will post $4.91 earnings per share for the current fiscal year.
VMW has been the subject of a number of research reports. Mizuho reaffirmed a “neutral” rating on shares of VMware in a report on Saturday, December 17th. Wells Fargo & Co initiated coverage on shares of VMware in a report on Wednesday, January 11th. They issued a “market perform” rating for the company. OTR Global raised shares of VMware from a “reduce” rating to a “neutral” rating in a report on Thursday, January 12th. William Blair reaffirmed an “outperform” rating on shares of VMware in a report on Tuesday, January 17th. Finally, Maxim Group upped their target price on shares of VMware from $77.00 to $83.00 and gave the company a “hold” rating in a report on Tuesday, January 24th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.25.
In other VMware news, COO Sanjay Poonen sold 1,889 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $89.04, for a total transaction of $168,196.56. Following the sale, the chief operating officer now directly owns 182,569 shares in the company, valued at approximately $16,255,943.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by insiders.
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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