1,959 Shares in VMware, Inc. (NYSE:VMW) Bought by Allen Investment Management LLC

Allen Investment Management LLC purchased a new position in shares of VMware, Inc. (NYSE:VMWGet Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,959 shares of the virtualization software provider’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of VMware by 13.6% during the third quarter. BlackRock Inc. now owns 8,232,104 shares of the virtualization software provider’s stock worth $1,224,113,000 after purchasing an additional 982,947 shares during the period. First Trust Advisors LP lifted its holdings in VMware by 26.8% in the fourth quarter. First Trust Advisors LP now owns 3,766,440 shares of the virtualization software provider’s stock valued at $436,455,000 after acquiring an additional 796,972 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in VMware by 6.9% in the third quarter. UBS Asset Management Americas Inc. now owns 2,916,620 shares of the virtualization software provider’s stock valued at $433,701,000 after acquiring an additional 188,429 shares during the period. Nordea Investment Management AB lifted its holdings in VMware by 15.4% in the fourth quarter. Nordea Investment Management AB now owns 2,808,564 shares of the virtualization software provider’s stock valued at $329,024,000 after acquiring an additional 374,582 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in VMware by 3.2% in the third quarter. Wellington Management Group LLP now owns 1,988,849 shares of the virtualization software provider’s stock valued at $295,742,000 after acquiring an additional 61,896 shares during the period. 47.04% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the company. Raymond James reduced their target price on VMware from $175.00 to $167.00 and set an “outperform” rating for the company in a report on Friday, February 25th. KeyCorp initiated coverage on VMware in a research report on Tuesday, January 18th. They issued an “overweight” rating and a $164.00 price target for the company. Barclays dropped their price target on VMware from $140.00 to $135.00 in a research report on Friday, February 25th. Oppenheimer dropped their price target on VMware from $148.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, February 25th. Finally, Macquarie initiated coverage on VMware in a research report on Friday, January 21st. They issued an “outperform” rating and a $157.00 price target for the company. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $142.57.

VMW traded down $2.04 during midday trading on Tuesday, hitting $97.15. The company’s stock had a trading volume of 16,861 shares, compared to its average volume of 1,659,653. The firm has a market capitalization of $40.91 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 1.66 and a beta of 0.68. VMware, Inc. has a 52-week low of $98.58 and a 52-week high of $167.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.90. The firm has a 50-day simple moving average of $112.43.

VMware (NYSE:VMWGet Rating) last released its quarterly earnings data on Thursday, February 24th. The virtualization software provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.04). The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.52 billion. VMware had a net margin of 14.16% and a return on equity of 30.03%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 earnings per share. On average, sell-side analysts forecast that VMware, Inc. will post 4.83 earnings per share for the current fiscal year.

In related news, CFO Zane Rowe sold 34,172 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $114.61, for a total transaction of $3,916,452.92. Following the transaction, the chief financial officer now directly owns 171,042 shares of the company’s stock, valued at approximately $19,603,123.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jean Pierre Brulard sold 7,656 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $114.04, for a total value of $873,090.24. Following the transaction, the executive vice president now directly owns 79,485 shares in the company, valued at $9,064,469.40. The disclosure for this sale can be found here. Insiders own 27.80% of the company’s stock.

About VMware (Get Rating)

VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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