VMware, Inc. (NYSE:VMW) Shares Acquired by BlackRock Inc.

BlackRock Inc. grew its holdings in VMware, Inc. (NYSE:VMW) by 13.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,232,104 shares of the virtualization software provider’s stock after buying an additional 982,947 shares during the period. BlackRock Inc. owned 1.97% of VMware worth $1,224,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tudor Investment Corp Et Al grew its holdings in shares of VMware by 101.8% in the second quarter. Tudor Investment Corp Et Al now owns 42,649 shares of the virtualization software provider’s stock valued at $6,823,000 after purchasing an additional 21,514 shares during the period. Northern Trust Corp boosted its stake in VMware by 4.0% during the second quarter. Northern Trust Corp now owns 758,578 shares of the virtualization software provider’s stock worth $121,349,000 after buying an additional 29,514 shares during the period. Commonwealth Equity Services LLC boosted its stake in VMware by 4.2% during the third quarter. Commonwealth Equity Services LLC now owns 30,726 shares of the virtualization software provider’s stock worth $4,568,000 after buying an additional 1,227 shares during the period. Nisa Investment Advisors LLC boosted its stake in VMware by 5.3% during the third quarter. Nisa Investment Advisors LLC now owns 34,348 shares of the virtualization software provider’s stock worth $5,108,000 after buying an additional 1,736 shares during the period. Finally, Arlington Partners LLC purchased a new position in VMware during the third quarter worth about $51,000. Institutional investors and hedge funds own 16.99% of the company’s stock.

Several analysts have recently issued reports on VMW shares. Monness Crespi & Hardt raised shares of VMware from a “neutral” rating to a “buy” rating and set a $153.00 price target on the stock in a research report on Thursday. Citigroup reduced their price target on shares of VMware from $190.00 to $177.00 and set a “buy” rating on the stock in a research report on Wednesday, November 24th. They noted that the move was a valuation call. Mizuho reduced their price target on shares of VMware from $165.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, November 15th. Bank of America reduced their target price on shares of VMware from $175.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, November 24th. Finally, Barclays reduced their target price on shares of VMware from $163.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, November 24th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $154.65.

Shares of VMW opened at $125.18 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. The firm has a market cap of $52.42 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.92 and a beta of 0.75. The company’s 50 day simple moving average is $118.97 and its 200-day simple moving average is $139.84. VMware, Inc. has a 12-month low of $108.80 and a 12-month high of $172.00.

VMware (NYSE:VMW) last posted its quarterly earnings data on Tuesday, November 23rd. The virtualization software provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.18. VMware had a net margin of 16.05% and a return on equity of 23.17%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the firm posted $1.05 EPS. VMware’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts forecast that VMware, Inc. will post 5.05 EPS for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Monday, November 1st. Investors of record on Friday, October 29th were given a $27.40 dividend. This is a positive change from VMware’s previous dividend of $26.81. The ex-dividend date of this dividend was Tuesday, November 2nd.

In other VMware news, EVP Amy Fliegelman Olli sold 6,260 shares of the business’s stock in a transaction on Wednesday, January 12th. The shares were sold at an average price of $125.00, for a total transaction of $782,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 27.80% of the company’s stock.

VMware Profile

VMware, Inc engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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