Investec Asset Management North America Inc. Raises Stake in Vmware, Inc. (VMW)

Investec Asset Management North America Inc. raised its position in Vmware, Inc. (NYSE:VMW) by 817.9% during the fourth quarter, Holdings Channel reports. The fund owned 125,288 shares of the virtualization software provider’s stock after buying an additional 111,638 shares during the period. Investec Asset Management North America Inc.’s holdings in Vmware were worth $9,864,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sirios Capital Management L P acquired a new stake in shares of Vmware during the second quarter worth $37,115,000. WMS Partners LLC purchased a new position in Vmware during the second quarter worth approximately $206,000. Globeflex Capital L P raised its position in Vmware by 1.8% in the second quarter. Globeflex Capital L P now owns 13,092 shares of the virtualization software provider’s stock worth $749,000 after buying an additional 237 shares in the last quarter. Monetta Financial Services Inc. purchased a new position in Vmware during the second quarter worth approximately $1,430,000. Finally, Vanguard Group Inc. raised its position in Vmware by 2.0% in the second quarter. Vanguard Group Inc. now owns 3,795,842 shares of the virtualization software provider’s stock worth $217,198,000 after buying an additional 74,915 shares in the last quarter. Hedge funds and other institutional investors own 21.15% of the company’s stock.

Institutional Ownership by Quarter for Vmware (NYSE:VMW)

Shares of Vmware, Inc. (NYSE:VMW) traded down 0.08% during midday trading on Friday, reaching $89.92. 1,082,660 shares of the company’s stock traded hands. Vmware, Inc. has a 52-week low of $45.15 and a 52-week high of $90.81. The stock has a 50-day moving average price of $83.78 and a 200-day moving average price of $77.34. The stock has a market cap of $36.72 billion, a P/E ratio of 32.35 and a beta of 0.97.

Vmware (NYSE:VMW) last posted its quarterly earnings results on Thursday, January 26th. The virtualization software provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. Vmware had a net margin of 16.72% and a return on equity of 16.31%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the company posted $1.26 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts forecast that Vmware, Inc. will post $4.86 earnings per share for the current year.

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A number of equities analysts recently commented on VMW shares. Drexel Hamilton raised their price objective on shares of Vmware to $105.00 in a research note on Friday, January 27th. Vetr lowered shares of Vmware from a “strong-buy” rating to a “buy” rating and set a $88.00 price objective for the company. in a research note on Tuesday, November 1st. Jefferies Group LLC raised their price objective on shares of Vmware from $89.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, October 27th. Citigroup Inc. raised shares of Vmware from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $79.00 to $95.00 in a research note on Thursday, October 27th. Finally, Summit Redstone raised shares of Vmware from a “hold” rating to a “buy” rating in a research note on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating and nineteen have issued a buy rating to the stock. Vmware currently has a consensus rating of “Hold” and an average price target of $85.40.

In other news, EVP Maurizio Carli sold 12,650 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $81.14, for a total value of $1,026,421.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.52% of the company’s stock.

About Vmware

VMware, Inc is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC).

5 Day Chart for NYSE:VMW

Want to see what other hedge funds are holding VMW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vmware, Inc. (NYSE:VMW).

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