Quantitative Systematic Strategies LLC boosted its holdings in VMware, Inc. (NYSE:VMW) by 21.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,874 shares of the virtualization software provider’s stock after acquiring an additional 1,201 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in VMware were worth $1,241,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors grew its position in 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 position in VMware during the 4th quarter valued at $35,000. Rational Advisors LLC lifted its stake in VMware by 10,166.7% during the 4th quarter. Rational Advisors LLC now owns 308 shares of the virtualization software provider’s stock valued at $42,000 after acquiring an additional 305 shares in the last quarter. Taylor Frigon Capital Management LLC bought a new position in VMware during the 4th quarter valued at $45,000. Finally, NuWave Investment Management LLC lifted its stake in VMware by 11,400.0% during the 4th quarter. NuWave Investment Management LLC now owns 345 shares of the virtualization software provider’s stock valued at $47,000 after acquiring an additional 342 shares in the last quarter. 17.92% of the stock is owned by institutional investors and hedge funds.
NYSE:VMW opened at $192.14 on Tuesday. The company has a market capitalization of $78.86 billion, a P/E ratio of 38.97, a PEG ratio of 3.04 and a beta of 0.77. VMware, Inc. has a 1-year low of $126.00 and a 1-year high of $194.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 7.70.
VMware (NYSE:VMW) last released its earnings results on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.10. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $1.68 EPS. On average, equities analysts forecast that VMware, Inc. will post 4.94 EPS for the current fiscal year.
In other VMware news, insider P. Kevan Krysler sold 11,993 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.04, for a total value of $2,207,191.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Amy Fliegelman Olli sold 1,723 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $178.98, for a total value of $308,382.54. Following the completion of the sale, the vice president now owns 34,332 shares of the company’s stock, valued at approximately $6,144,741.36. The disclosure for this sale can be found here. Insiders sold a total of 248,577 shares of company stock valued at $44,873,977 in the last 90 days. 29.90% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently commented on the company. Wedbush lifted their target price on VMware from $190.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Mizuho assumed coverage on VMware in a research note on Wednesday, March 13th. They set a “neutral” rating and a $160.00 target price on the stock. Goldman Sachs Group cut VMware from a “neutral” rating to a “sell” rating and set a $177.00 target price on the stock. in a research note on Wednesday, March 6th. Nomura set a $130.00 target price on VMware and gave the stock a “sell” rating in a research note on Friday, March 1st. Finally, Barclays lifted their price objective on VMware from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $180.48.
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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