Mirae Asset Global Investments Co. Ltd. lessened its stake in VMware, Inc. (NYSE:VMW) by 15.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,909 shares of the virtualization software provider’s stock after selling 908 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in VMware were worth $673,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its stake in VMware by 19.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,501 shares of the virtualization software provider’s stock worth $1,015,000 after acquiring an additional 1,057 shares during the last quarter. WINTON GROUP Ltd increased its stake in VMware by 41.5% during the third quarter. WINTON GROUP Ltd now owns 2,939 shares of the virtualization software provider’s stock worth $459,000 after acquiring an additional 862 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in VMware during the third quarter worth approximately $202,000. Commonwealth Equity Services LLC increased its stake in VMware by 18.7% during the third quarter. Commonwealth Equity Services LLC now owns 6,740 shares of the virtualization software provider’s stock worth $1,051,000 after acquiring an additional 1,063 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in VMware by 1,162.7% during the third quarter. SG Americas Securities LLC now owns 30,608 shares of the virtualization software provider’s stock worth $4,777,000 after acquiring an additional 28,184 shares during the last quarter. Hedge funds and other institutional investors own 17.82% of the company’s stock.

Shares of NYSE VMW opened at $179.26 on Friday. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $73.41 billion, a P/E ratio of 36.36, a PEG ratio of 2.76 and a beta of 0.76. VMware, Inc. has a 52-week low of $117.61 and a 52-week high of $183.40.

VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, February 28th. The virtualization software provider reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.10. VMware had a return on equity of 19.46% and a net margin of 26.99%. During the same period last year, the business earned $1.68 earnings per share. Analysts anticipate that VMware, Inc. will post 4.94 EPS for the current year.

Several research analysts have issued reports on VMW shares. Citigroup boosted their target price on VMware from $166.00 to $201.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Wells Fargo & Co boosted their target price on VMware from $155.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, March 1st. Raymond James boosted their target price on VMware from $163.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Barclays boosted their target price on VMware from $168.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Nomura set a $130.00 target price on VMware and gave the company a “sell” rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $179.61.

In related news, EVP Maurizio Carli sold 36,848 shares of the business’s stock in a transaction that occurred on Friday, January 11th. The stock was sold at an average price of $146.79, for a total value of $5,408,917.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sanjay Poonen sold 16,135 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $147.88, for a total value of $2,386,043.80. The disclosure for this sale can be found here. Insiders sold 145,921 shares of company stock valued at $23,111,768 in the last quarter. 29.90% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2019/03/15/mirae-asset-global-investments-co-ltd-reduces-position-in-vmware-inc-vmw.html.

VMware Profile

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

Further Reading: How does new data get added to a blockchain?

Want to see what other hedge funds are holding VMW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VMware, Inc. (NYSE:VMW).

Institutional Ownership by Quarter for VMware (NYSE:VMW)

Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with MarketBeat.com's FREE daily email newsletter.