BB&T Securities LLC bought a new position in shares of Vmware, Inc. (NYSE:VMW) during the first quarter, Holdings Channel reports. The institutional investor bought 2,274 shares of the virtualization software provider’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VMW. Credit Agricole S A increased its position in Vmware by 34.0% in the fourth quarter. Credit Agricole S A now owns 54,285 shares of the virtualization software provider’s stock worth $4,274,000 after buying an additional 13,782 shares during the period. Gideon Capital Advisors Inc. acquired a new position in Vmware during the fourth quarter worth approximately $321,000. Asset Management One Co. Ltd. increased its position in Vmware by 2,273.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 157,317 shares of the virtualization software provider’s stock worth $12,389,000 after buying an additional 150,688 shares during the period. Aviva PLC increased its position in Vmware by 2.5% in the fourth quarter. Aviva PLC now owns 44,461 shares of the virtualization software provider’s stock worth $3,501,000 after buying an additional 1,101 shares during the period. Finally, Elkfork Partners LLC acquired a new position in Vmware during the fourth quarter worth approximately $1,082,000. 21.82% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Vmware (NYSE:VMW)

Vmware, Inc. (NYSE:VMW) traded up 0.42% during trading on Friday, hitting $88.10. 2,368,409 shares of the stock traded hands. The stock has a market cap of $35.98 billion, a P/E ratio of 31.71 and a beta of 0.71. The firm’s 50-day moving average is $93.11 and its 200-day moving average is $88.57. Vmware, Inc. has a 12 month low of $55.12 and a 12 month high of $98.00.

Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.04. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned $0.86 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts forecast that Vmware, Inc. will post $4.92 EPS for the current year.

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A number of research analysts have commented on the stock. J P Morgan Chase & Co reissued an “overweight” rating and set a $95.00 target price on shares of Vmware in a research report on Thursday, June 1st. MKM Partners reissued a “buy” rating and set a $110.00 target price (up previously from $100.00) on shares of Vmware in a research report on Thursday, June 1st. BMO Capital Markets cut their target price on shares of Vmware from $105.00 to $98.00 and set a “market perform” rating on the stock in a research report on Friday, June 2nd. Stifel Nicolaus raised their target price on shares of Vmware from $88.00 to $96.00 and gave the company a “hold” rating in a research report on Friday, June 2nd. Finally, Maxim Group reissued a “hold” rating and set a $96.00 target price on shares of Vmware in a research report on Friday, June 2nd. Twenty equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $94.21.

In related news, EVP Maurizio Carli sold 11,237 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $94.66, for a total transaction of $1,063,694.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Egon Durban sold 666,354 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $89.14, for a total value of $59,398,795.56. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

Vmware Company Profile

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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