Motley Fool Asset Management LLC Increases Position in VMware, Inc. (NYSE:VMW)

Motley Fool Asset Management LLC boosted its holdings in shares of VMware, Inc. (NYSE:VMWGet Rating) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,889 shares of the virtualization software provider’s stock after acquiring an additional 1,140 shares during the period. Motley Fool Asset Management LLC’s holdings in VMware were worth $1,262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Fund Management S.A. purchased a new stake in VMware during the 3rd quarter valued at about $6,052,000. Rheos Capital Works Inc. purchased a new stake in VMware during the 4th quarter valued at about $17,382,000. Jacobs & Co. CA purchased a new stake in VMware during the 4th quarter valued at about $1,496,000. Ameritas Advisory Services LLC purchased a new stake in VMware during the 4th quarter valued at about $728,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in VMware by 7.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,801 shares of the virtualization software provider’s stock valued at $209,000 after acquiring an additional 132 shares in the last quarter. 47.04% of the stock is owned by institutional investors.

Shares of VMW stock traded up $0.96 during mid-day trading on Tuesday, hitting $101.56. The stock had a trading volume of 5,167 shares, compared to its average volume of 1,182,515. VMware, Inc. has a fifty-two week low of $96.58 and a fifty-two week high of $167.83. The firm has a market cap of $42.76 billion, a PE ratio of 23.75, a PEG ratio of 1.65 and a beta of 0.68. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.83 and a quick ratio of 0.83. The company’s 50-day simple moving average is $110.73 and its 200-day simple moving average is $117.93.

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

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

VMW has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of VMware from $160.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, February 25th. Morgan Stanley decreased their target price on shares of VMware from $147.00 to $138.00 and set an “equal weight” rating on the stock in a report on Friday, February 25th. Stifel Nicolaus decreased their target price on shares of VMware from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Cross Research decreased their target price on shares of VMware from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Finally, Raymond James decreased their target price on shares of VMware from $175.00 to $167.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $142.57.

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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