Bronfman E.L. Rothschild L.P. lowered its position in VMware, Inc. (NYSE:VMW) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608 shares of the virtualization software provider’s stock after selling 70 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in VMware were worth $83,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have 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 worth $858,503,000 after buying an additional 1,693,475 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of VMware in the third quarter worth about $40,688,000. Castle Hook Partners LP acquired a new stake in shares of VMware in the fourth quarter worth about $30,265,000. Ackerman Capital Advisors LLC lifted its position in shares of VMware by 10,184.8% in 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 last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of VMware by 183.1% during the 4th quarter. Hsbc Holdings PLC now owns 196,028 shares of the virtualization software provider’s stock worth $26,881,000 after purchasing an additional 126,788 shares during the last quarter. Hedge funds and other institutional investors own 17.94% of the company’s stock.
Several equities analysts recently weighed in on the company. Wedbush boosted their price objective on VMware from $190.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday. Zacks Investment Research cut VMware from a “buy” rating to a “sell” rating in a research report on Wednesday, January 30th. Wells Fargo & Co boosted their price objective on VMware from $155.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. Credit Suisse Group boosted their price objective on VMware from $160.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $203.00 price objective on shares of VMware in a research 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 assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $180.48.
Shares of VMW stock traded down $0.67 during trading hours on Monday, hitting $192.14. The company had a trading volume of 720,000 shares, compared to its average volume of 1,345,713. 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 $79.64 billion, a P/E ratio of 38.97, a P/E/G 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 released its quarterly earnings data on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10. VMware had a return on equity of 25.50% and a net margin of 26.99%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $1.68 EPS. Sell-side analysts forecast that VMware, Inc. will post 4.94 EPS for the current year.
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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