Rangarajan (Raghu) Raghuram Sells 36,311 Shares of VMware, Inc. (VMW) Stock
VMware, Inc. (NYSE:VMW) COO Rangarajan (Raghu) Raghuram sold 36,311 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $170.24, for a total transaction of $6,181,584.64. Following the sale, the chief operating officer now directly owns 304,104 shares of the company’s stock, valued at approximately $51,770,664.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSE:VMW opened at $179.26 on Friday. The company has a market capitalization of $73.41 billion, a PE ratio of 36.36, a P/E/G ratio of 2.76 and a beta of 0.76. VMware, Inc. has a twelve month low of $117.61 and a twelve month high of $183.40. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.39.
VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, February 28th. The virtualization software provider reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.10. VMware had a net margin of 26.99% and a return on equity of 19.46%. During the same period last year, the company posted $1.68 earnings per share. Equities analysts forecast that VMware, Inc. will post 4.94 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of VMware by 1.6% in the 4th quarter. American Century Companies Inc. now owns 419,192 shares of the virtualization software provider’s stock worth $57,484,000 after acquiring an additional 6,443 shares during the period. Norges Bank acquired a new stake in shares of VMware in the 4th quarter worth approximately $84,157,000. Dimensional Fund Advisors LP lifted its stake in shares of VMware by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 106,875 shares of the virtualization software provider’s stock worth $14,674,000 after acquiring an additional 1,364 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of VMware by 1.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 14,138 shares of the virtualization software provider’s stock worth $1,939,000 after acquiring an additional 187 shares during the period. Finally, FMR LLC lifted its stake in shares of VMware by 398.9% in the 4th quarter. FMR LLC now owns 136,053 shares of the virtualization software provider’s stock worth $18,657,000 after acquiring an additional 108,780 shares during the period. 17.82% of the stock is owned by institutional investors.
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VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.
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