Premia Global Advisors LLC bought a new position in shares of VMware, Inc. (NYSE:VMW) in the 4th quarter, Holdings Channel reports. The firm bought 2,075 shares of the virtualization software provider’s stock, valued at approximately $260,000.
Other hedge funds have also bought and sold shares of the company. Global Trust Asset Management LLC purchased a new stake in VMware during the fourth quarter worth approximately $138,000. Bronfman E.L. Rothschild L.P. lifted its stake in VMware by 1,643.8% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock worth $139,000 after purchasing an additional 1,200 shares during the last quarter. Bank of Hawaii purchased a new stake in VMware during the fourth quarter worth approximately $202,000. Cadence Capital Management LLC purchased a new stake in VMware during the third quarter worth approximately $204,000. Finally, Argent Trust Co purchased a new stake in VMware during the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 22.48% of the company’s stock.
VMware, Inc. (NYSE VMW) opened at $127.19 on Tuesday. VMware, Inc. has a twelve month low of $85.45 and a twelve month high of $165.00. The firm has a market capitalization of $50,811.17, a price-to-earnings ratio of 31.94, a P/E/G ratio of 2.27 and a beta of 0.72. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.51.
Several equities research analysts recently weighed in on VMW shares. Maxim Group restated a “hold” rating and set a $134.00 target price (up previously from $123.00) on shares of VMware in a research note on Tuesday, March 6th. Bank of America boosted their price objective on VMware from $125.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, November 27th. Nomura assumed coverage on VMware in a research note on Tuesday, January 23rd. They issued a “reduce” rating and a $108.00 price objective for the company. Stifel Nicolaus cut VMware from a “buy” rating to a “hold” rating and reduced their price objective for the company from $152.00 to $135.00 in a research note on Friday, March 2nd. Finally, Mizuho reiterated a “hold” rating and issued a $110.00 price objective on shares of VMware in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $131.42.
In related news, COO Sanjay Poonen sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total transaction of $1,297,100.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Maurizio Carli sold 2,581 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $129.88, for a total value of $335,220.28. The disclosure for this sale can be found here. Corporate insiders own 34.40% of the company’s stock.
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VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).
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