First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of VMware, Inc. (NYSE:VMW) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,920 shares of the virtualization software provider’s stock after buying an additional 375 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in VMware were worth $746,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Life Insurance Co. boosted its holdings in VMware by 7.4% in the fourth quarter. Sumitomo Life Insurance Co. now owns 16,669 shares of the virtualization software provider’s stock valued at $2,530,000 after acquiring an additional 1,146 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC purchased a new stake in shares of VMware in the fourth quarter valued at $282,000. Wealthstreet Investment Advisors LLC raised its stake in shares of VMware by 44.8% in the fourth quarter. Wealthstreet Investment Advisors LLC now owns 6,430 shares of the virtualization software provider’s stock valued at $976,000 after acquiring an additional 1,990 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of VMware in the 4th quarter worth about $336,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of VMware by 22.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,653 shares of the virtualization software provider’s stock worth $4,501,000 after acquiring an additional 5,530 shares during the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO Rangarajan (Raghu) Raghuram sold 24,712 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $163.53, for a total transaction of $4,041,153.36. Following the transaction, the chief operating officer now directly owns 221,977 shares of the company’s stock, valued at approximately $36,299,898.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Zane Rowe sold 6,509 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $148.40, for a total transaction of $965,935.60. Following the completion of the transaction, the chief financial officer now directly owns 121,136 shares of the company’s stock, valued at $17,976,582.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,296 shares of company stock worth $5,327,054. Insiders own 28.80% of the company’s stock.
VMware (NYSE:VMW) last announced its earnings results on Tuesday, November 26th. The virtualization software provider reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.06. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.41 billion. VMware had a net margin of 67.21% and a return on equity of 61.67%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. As a group, research analysts forecast that VMware, Inc. will post 4.83 EPS for the current year.
VMW has been the topic of several analyst reports. Royal Bank of Canada upped their price target on shares of VMware from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. KeyCorp boosted their price objective on VMware from $182.00 to $186.00 and gave the company an “overweight” rating in a report on Wednesday. ValuEngine lowered VMware from a “buy” rating to a “hold” rating in a research note on Monday, December 30th. Morgan Stanley lifted their price target on shares of VMware from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, Bank of America reiterated a “buy” rating and issued a $190.00 price target on shares of VMware in a report on Thursday, November 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. VMware currently has a consensus rating of “Buy” and a consensus target price of $178.33.
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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