Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in VMware, Inc. (NYSE:VMW) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,755 shares of the virtualization software provider’s stock after buying an additional 1,360 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in VMware were worth $3,043,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Clifford Swan Investment Counsel LLC bought a new position in shares of VMware in the 4th quarter worth $2,039,000. IFP Advisors Inc raised its position in shares of VMware by 79.1% in the 4th quarter. IFP Advisors Inc now owns 197 shares of the virtualization software provider’s stock worth $30,000 after acquiring an additional 87 shares in the last quarter. Cypress Capital Group raised its position in shares of VMware by 5.5% in the 4th quarter. Cypress Capital Group now owns 4,090 shares of the virtualization software provider’s stock worth $621,000 after acquiring an additional 215 shares in the last quarter. Allred Capital Management LLC bought a new position in shares of VMware in the 4th quarter worth $33,000. Finally, Redpoint Investment Management Pty Ltd raised its position in shares of VMware by 29.6% in the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 9,193 shares of the virtualization software provider’s stock worth $1,380,000 after acquiring an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 16.92% of the company’s stock.
Shares of NYSE:VMW opened at $161.82 on Friday. The business’s 50-day moving average is $152.25 and its 200 day moving average is $153.78. VMware, Inc. has a 1 year low of $128.69 and a 1 year high of $206.80. The firm has a market capitalization of $66.33 billion, a P/E ratio of 10.27, a P/E/G ratio of 2.33 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.58 and a quick ratio of 0.58.
VMware (NYSE:VMW) last announced its earnings results on Tuesday, November 26th. The virtualization software provider reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.06. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.41 billion. VMware had a return on equity of 61.67% and a net margin of 67.21%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.56 EPS. On average, analysts expect that VMware, Inc. will post 4.83 EPS for the current year.
Several research analysts have recently commented on the company. Morgan Stanley boosted their price target on VMware from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. BMO Capital Markets boosted their price target on VMware from $160.00 to $192.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Piper Jaffray Companies began coverage on VMware in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $170.00 price target for the company. Nomura upped their target price on VMware from $114.00 to $115.00 and gave the company a “reduce” rating in a research report on Wednesday, November 27th. Finally, Bank of America reaffirmed a “buy” rating and set a $190.00 target price on shares of VMware in a research report on Thursday, November 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $179.33.
In other news, CFO Zane Rowe sold 6,509 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $148.40, for a total value of $965,935.60. Following the transaction, the chief financial officer now directly owns 121,136 shares of the company’s stock, valued at $17,976,582.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurizio Carli sold 2,075 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $154.20, for a total value of $319,965.00. Following the completion of the transaction, the executive vice president now directly owns 54,375 shares in the company, valued at $8,384,625. The disclosure for this sale can be found here. 28.80% of the stock is currently owned by corporate insiders.
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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