Legato Capital Management LLC purchased new shares of VMware, Inc. (NYSE: VMW – Get Rating) in the fourth quarter, according to the latest 13F filings with the Securities and Exchange Commission (SEC). This institutional investor purchased 21,644 shares of his provider of virtualization software worth approximately $2,657,000.
A number of other big investors have also changed their stakes in the company. Thrivent Financial for Lutherans raised its stake in VMware by 0.9% in the second quarter. Thrivent Financial for Lutherans owns his 11,620 shares of the virtualization software provider for $1,324,000 after he purchased an additional 107 shares last quarter. Sequoia Financial Advisors LLC increased his position at VMware by 3.8% in the first quarter. Sequoia Financial Advisors LLC owns 3,076 shares of the virtualization software provider, valued at $350,000, after acquiring an additional 112 shares during this period. Alpha Omega Wealth Management LLC increased its position in VMware by 0.8% in the third quarter. After acquiring an additional 116 shares during this period, Alpha Omega Wealth Management LLC now owns 15,311 shares of the virtualization software provider worth $1,630,000. Midwest Professional Planners LTD. increased its position in VMware by 5.7% in the third quarter. Midwest Professional Planners LTD. now owns 2,199 shares of the virtualization software provider worth $234,000 after acquiring an additional 118 shares during this period. Finally, 180 Wealth Advisors LLC increased its VMware position by 2.6% in the third quarter. After acquiring an additional 125 shares during this period, 180 Wealth Advisors LLC now owns 4,959 shares of the virtualization software provider worth $528,000. Currently 45.85% of the shares are owned by institutional investors and hedge funds.
Insider activity at VMware
In related news, CFO Zane Rowe sold 35,715 shares of the company in a transaction on Monday, April 3rd. The shares were sold at an average price of $124.53, giving him a total of $4,447,588.95. After the transaction, the Chief Financial Officer now owns 174,162 shares in the company, valued at $21,688,393.86. The transaction is disclosed in documents filed with the SEC and available at this hyperlink. His 40.30% of the shares are owned by company insiders.
VMware Price Performance
VMW shares fell $0.45 during Friday’s trading hours to reach $125.98. His 187,750 shares of the company’s stock were exchanged, but the average trading volume was his 1,173,372 shares. The stock has a 50-day moving average of $118.87 and a 200-day moving average of $117.79. The company has a debt to equity ratio of 6.15, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $53.98 billion, a price/earnings ratio of 41.06, a price/earnings ratio of 2.82 and a beta of 0.72. VMware, Inc. has a 52-week low of $91.53 and a 52-week high of $132.15.
VMware (NYSE:VMW – Get Rating) last announced its financial results on Thursday, March 2nd. The virtualization software provider reported EPS of $1.49 for the quarter, beating consensus expectations of $1.36 by $0.13. The company’s revenue for the quarter was $3.71 billion, compared to analysts’ forecast of $3.64 billion. VMware’s return on equity was 327.30% and net profit margin was 9.84%. As a group, research analysts expect VMware, Inc. to post 4.89 EPS this year.
Analyst Rating Change
Many analysts are weighing the company. StockNews.com covered his VMware in a research report on Thursday, March 16th. They gave the stock a “strong buy” rating. UBS Group raised VMware’s price target from $131.00 to $147.00, giving the company a “neutral” rating in a research report on Tuesday, February 7. I was. Finally, BMO Capital Markets lowered his VMware price target from $142.50 to $139.00, setting a “market performance” rating in its research report on Monday, March 6. Seven analysts rated the stock with a hold rating and one analyst gave the stock a strong buy rating. According to MarketBeat.com data, the stock currently has an average rating of “Hold” and an average target price of $135.88.
Overview of VMware
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VMware, Inc is committed to providing cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. We help you modernize your data center, integrate public clouds, power your digital workspace, and transform your security.
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