Monetary Management Group Inc. bought a new stake in shares of VMware, Inc. (NYSE:VMW) during the first quarter, HoldingsChannel.com reports. The fund bought 500 shares of the virtualization software provider’s stock, valued at approximately $90,000.
A number of other hedge funds have also recently made changes to their positions in VMW. Captrust Financial Advisors lifted its stake in VMware by 217.6% during the fourth quarter. Captrust Financial Advisors now owns 216 shares of the virtualization software provider’s stock worth $30,000 after purchasing an additional 148 shares during the last quarter. Rational Advisors LLC grew its holdings in VMware by 10,166.7% in the fourth quarter. Rational Advisors LLC now owns 308 shares of the virtualization software provider’s stock valued at $42,000 after purchasing an additional 305 shares during the last quarter. Taylor Frigon Capital Management LLC acquired a new stake in VMware in the fourth quarter valued at $45,000. Meeder Asset Management Inc. acquired a new stake in VMware in the first quarter valued at $51,000. Finally, Hanson & Doremus Investment Management acquired a new stake in VMware in the first quarter valued at $53,000. Institutional investors own 17.91% of the company’s stock.
VMW has been the topic of several research reports. Citigroup upped their target price on VMware from $166.00 to $201.00 and gave the company a “buy” rating in a report on Friday, March 1st. Deutsche Bank increased their price objective on VMware from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $203.00 price objective on shares of VMware in a research note on Friday, March 1st. Bank of America increased their target price on VMware from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Finally, Zacks Investment Research upgraded VMware from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a report on Monday, May 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. VMware currently has a consensus rating of “Hold” and a consensus target price of $192.23.
VMware (NYSE:VMW) last issued its quarterly earnings data on Thursday, May 30th. The virtualization software provider reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.42. VMware had a return on equity of 36.48% and a net margin of 21.50%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the firm earned $1.26 EPS. VMware’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts anticipate that VMware, Inc. will post 4.87 earnings per share for the current year.
In other news, insider P. Kevan Krysler sold 11,993 shares of VMware stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.04, for a total value of $2,207,191.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Amy Fliegelman Olli sold 2,457 shares of VMware stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $188.28, for a total value of $462,603.96. Following the completion of the transaction, the vice president now owns 30,958 shares of the company’s stock, valued at approximately $5,828,772.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 292,804 shares of company stock valued at $54,027,016. 28.80% of the stock is owned by insiders.
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. 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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