VMware, Inc. (NYSE:VMW) Shares Purchased by Advisor Group Holdings Inc.

Advisor Group Holdings Inc. boosted its stake in VMware, Inc. (NYSE:VMWGet Rating) by 365.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 59,510 shares of the virtualization software provider’s stock after purchasing an additional 46,736 shares during the quarter. Advisor Group Holdings Inc.’s holdings in VMware were worth $6,899,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its stake in VMware by 2.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,729 shares of the virtualization software provider’s stock valued at $553,000 after acquiring an additional 84 shares during the period. PFG Private Wealth Management LLC grew its stake in VMware by 19.5% in the 4th quarter. PFG Private Wealth Management LLC now owns 551 shares of the virtualization software provider’s stock valued at $64,000 after acquiring an additional 90 shares during the period. Cardinal Capital Management grew its stake in VMware by 0.5% in the 4th quarter. Cardinal Capital Management now owns 21,394 shares of the virtualization software provider’s stock valued at $2,479,000 after acquiring an additional 96 shares during the period. Edmond DE Rothschild Holding S.A. grew its stake in VMware by 53.6% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 281 shares of the virtualization software provider’s stock valued at $42,000 after acquiring an additional 98 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in VMware by 0.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 35,084 shares of the virtualization software provider’s stock valued at $5,217,000 after acquiring an additional 100 shares during the period. 67.43% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Jean Pierre Brulard sold 7,656 shares of the business’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $114.04, for a total transaction of $873,090.24. Following the completion of the transaction, the executive vice president now directly owns 79,485 shares of the company’s stock, valued at $9,064,469.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Zane Rowe sold 34,172 shares of the business’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $114.61, for a total value of $3,916,452.92. Following the transaction, the chief financial officer now directly owns 171,042 shares of the company’s stock, valued at $19,603,123.62. The disclosure for this sale can be found here. Insiders own 27.80% of the company’s stock.

A number of research analysts have weighed in on VMW shares. UBS Group decreased their price objective on VMware from $125.00 to $119.00 and set a “neutral” rating on the stock in a report on Friday, February 25th. Oppenheimer decreased their price objective on VMware from $148.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. StockNews.com started coverage on VMware in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Credit Suisse Group decreased their price objective on VMware from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Finally, Macquarie started coverage on VMware in a report on Friday, January 21st. They issued an “outperform” rating and a $157.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, VMware presently has an average rating of “Buy” and an average price target of $142.57.

Shares of NYSE:VMW opened at $108.18 on Friday. The business has a 50-day moving average price of $115.50 and a 200 day moving average price of $123.14. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $45.55 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.87 and a beta of 0.68. VMware, Inc. has a 12-month low of $107.57 and a 12-month high of $167.83.

VMware (NYSE:VMWGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The virtualization software provider reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.04). The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.52 billion. VMware had a return on equity of 30.03% and a net margin of 14.16%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.61 earnings per share. As a group, equities research analysts predict that VMware, Inc. will post 4.83 earnings per share for the current fiscal year.

VMware Profile (Get Rating)

VMware, Inc provides software in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer and utilizes its hypervisor software, a layer of software that resides between the operating system and system hardware to enable compute virtualization; vSAN and VxRail, which offers holistic data storage and protection options to all applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a hybrid cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds.

Further Reading

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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