Raymond James Financial Services Advisors Inc. boosted its position in VMware, Inc. (NYSE:VMW) by 70.8% during the 4th quarter, HoldingsChannel reports. The firm owned 10,742 shares of the virtualization software provider’s stock after purchasing an additional 4,453 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in VMware were worth $1,346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VMW. First Trust Advisors LP lifted its stake in VMware by 47.7% in the 4th quarter. First Trust Advisors LP now owns 1,048,276 shares of the virtualization software provider’s stock worth $131,370,000 after purchasing an additional 338,585 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in VMware by 789.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 317,151 shares of the virtualization software provider’s stock worth $34,630,000 after purchasing an additional 281,510 shares in the last quarter. APG Asset Management N.V. lifted its stake in VMware by 13.1% in the 4th quarter. APG Asset Management N.V. now owns 2,312,412 shares of the virtualization software provider’s stock worth $241,332,000 after purchasing an additional 267,491 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new stake in VMware in the 3rd quarter worth approximately $27,003,000. Finally, Argent Capital Management LLC purchased a new stake in VMware in the 3rd quarter worth approximately $26,853,000. Institutional investors and hedge funds own 22.42% of the company’s stock.

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Several research firms have issued reports on VMW. Zacks Investment Research upgraded shares of VMware from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Wednesday. Drexel Hamilton reiterated a “buy” rating and issued a $120.00 target price on shares of VMware in a research note on Thursday, November 30th. Hilliard Lyons cut shares of VMware from a “buy” rating to a “neutral” rating in a research note on Friday, March 2nd. Gabelli cut shares of VMware from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. They noted that the move was a valuation call. Finally, Mizuho restated a “hold” rating and set a $110.00 price objective on shares of VMware in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $131.42.

In other VMware news, COO Sanjay Poonen sold 2,764 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $118.50, for a total value of $327,534.00. Following the sale, the chief operating officer now owns 189,391 shares of the company’s stock, valued at approximately $22,442,833.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maurizio Carli sold 2,581 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $129.88, for a total transaction of $335,220.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,726 shares of company stock worth $4,774,927. 34.40% of the stock is owned by insiders.

VMware, Inc. (VMW) opened at $124.25 on Thursday. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.51. VMware, Inc. has a twelve month low of $85.45 and a twelve month high of $165.00. The company has a market cap of $50,090.00, a price-to-earnings ratio of 33.05, a P/E/G ratio of 2.33 and a beta of 0.72.

VMware (NYSE:VMW) last released its earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.06. VMware had a net margin of 7.18% and a return on equity of 19.52%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm earned $1.43 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. research analysts forecast that VMware, Inc. will post 4.13 earnings per share for the current year.

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About VMware

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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