Investec Asset Management PTY Ltd increased its stake in Vmware, Inc. (NYSE:VMW) by 44.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,721 shares of the virtualization software provider’s stock after buying an additional 8,521 shares during the period. Vmware makes up 1.5% of Investec Asset Management PTY Ltd’s portfolio, making the stock its 9th largest position. Investec Asset Management PTY Ltd’s holdings in Vmware were worth $2,189,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Investec Asset Management LTD boosted its position in shares of Vmware by 70.1% in the fourth quarter. Investec Asset Management LTD now owns 2,625,594 shares of the virtualization software provider’s stock worth $206,713,000 after buying an additional 1,082,314 shares during the period. Tredje AP fonden boosted its position in shares of Vmware by 244.3% in the fourth quarter. Tredje AP fonden now owns 33,228 shares of the virtualization software provider’s stock worth $2,616,000 after buying an additional 23,576 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Vmware by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 88,248 shares of the virtualization software provider’s stock worth $6,948,000 after buying an additional 3,728 shares during the period. Private Advisor Group LLC boosted its position in shares of Vmware by 3.6% in the fourth quarter. Private Advisor Group LLC now owns 5,442 shares of the virtualization software provider’s stock worth $447,000 after buying an additional 188 shares during the period. Finally, ARP Americas LLC acquired a new position in shares of Vmware during the fourth quarter worth $519,000. 21.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vmware, Inc. (NYSE:VMW) traded down 0.08% during midday trading on Friday, reaching $89.92. The company’s stock had a trading volume of 1,082,660 shares. The company has a 50-day moving average price of $83.78 and a 200-day moving average price of $77.34. Vmware, Inc. has a 12 month low of $45.15 and a 12 month high of $90.81. The firm has a market cap of $36.72 billion, a price-to-earnings ratio of 32.35 and a beta of 0.97.
Vmware (NYSE:VMW) last released its quarterly earnings data on Thursday, January 26th. The virtualization software provider reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.03. Vmware had a return on equity of 16.31% and a net margin of 16.72%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business posted $1.26 EPS. Vmware’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts expect that Vmware, Inc. will post $4.86 earnings per share for the current year.
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A number of research analysts have weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Vmware in a research report on Wednesday. Daiwa Capital Markets raised shares of Vmware from a “hold” rating to an “outperform” rating in a research report on Tuesday. RBC Capital Markets reissued an “outperform” rating and set a $97.00 target price (up from $90.00) on shares of Vmware in a research report on Sunday, January 29th. Maxim Group boosted their target price on shares of Vmware from $83.00 to $92.00 and gave the stock a “hold” rating in a research report on Monday, January 30th. Finally, Pacific Crest reissued an “equal weight” rating on shares of Vmware in a research report on Monday, January 30th. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $85.40.
In related news, EVP Maurizio Carli sold 12,650 shares of Vmware stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $81.14, for a total value of $1,026,421.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.52% of the stock is currently owned by company insiders.
Vmware Company Profile
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).
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