Gilman Hill Asset Management LLC increased its stake in VMware, Inc. (NYSE:VMW) by 5.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,246 shares of the virtualization software provider’s stock after purchasing an additional 275 shares during the period. Gilman Hill Asset Management LLC’s holdings in VMware were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in VMW. Nordea Investment Management AB increased its stake in VMware by 104.7% during the 4th quarter. Nordea Investment Management AB now owns 2,383,556 shares of the virtualization software provider’s stock valued at $334,318,000 after purchasing an additional 1,219,298 shares in the last quarter. FIL Ltd grew its holdings in shares of VMware by 193.9% during the fourth quarter. FIL Ltd now owns 1,648,216 shares of the virtualization software provider’s stock valued at $231,179,000 after buying an additional 1,087,452 shares during the last quarter. Swedbank lifted its holdings in shares of VMware by 20.1% during the fourth quarter. Swedbank now owns 5,104,826 shares of the virtualization software provider’s stock worth $704,721,000 after purchasing an additional 855,559 shares during the period. Alliancebernstein L.P. boosted its position in VMware by 26.8% in the fourth quarter. Alliancebernstein L.P. now owns 1,893,501 shares of the virtualization software provider’s stock valued at $265,582,000 after buying an additional 399,889 shares during the last quarter. Finally, Dodge & Cox increased its holdings in VMware by 4.4% in the 4th quarter. Dodge & Cox now owns 6,471,395 shares of the virtualization software provider’s stock worth $907,678,000 after buying an additional 273,625 shares during the period. 16.90% of the stock is currently owned by institutional investors.

VMW has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of VMware from a “sell” rating to a “hold” rating and set a $146.00 price objective for the company in a report on Thursday, March 4th. Cleveland Research lowered VMware from a “buy” rating to a “neutral” rating in a report on Thursday, February 11th. UBS Group cut their price objective on VMware from $152.00 to $145.00 and set a “neutral” rating for the company in a research report on Thursday, January 14th. Mizuho increased their target price on VMware from $147.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 15th. Finally, Bank of America reissued a “neutral” rating and issued a $175.00 price target on shares of VMware in a report on Wednesday, April 14th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $171.58.

In other news, Director Patrick P. Gelsinger sold 24,230 shares of VMware stock in a transaction on Monday, April 19th. The shares were sold at an average price of $167.64, for a total value of $4,061,917.20. Following the transaction, the director now directly owns 151,782 shares of the company’s stock, valued at approximately $25,444,734.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Rangarajan (Raghu) Raghuram sold 5,942 shares of the stock in a transaction on Friday, February 5th. The stock was sold at an average price of $145.62, for a total transaction of $865,274.04. Following the sale, the chief operating officer now owns 197,975 shares of the company’s stock, valued at approximately $28,829,119.50. The disclosure for this sale can be found here. Insiders sold 143,559 shares of company stock valued at $22,334,165 in the last quarter. 28.50% of the stock is owned by insiders.

NYSE:VMW opened at $165.88 on Wednesday. VMware, Inc. has a fifty-two week low of $121.78 and a fifty-two week high of $172.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50 day moving average price of $150.28 and a 200 day moving average price of $137.57. The stock has a market capitalization of $69.54 billion, a P/E ratio of 44.12, a PEG ratio of 1.94 and a beta of 0.87.

VMware (NYSE:VMW) last announced its earnings results on Thursday, February 25th. The virtualization software provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.78. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.23 billion. VMware had a net margin of 13.75% and a return on equity of 27.10%. Research analysts forecast that VMware, Inc. will post 4.72 earnings per share for the current fiscal year.

VMware Company Profile

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. It 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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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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