State Board of Administration of Florida Retirement System increased its position in shares of VMware, Inc. (NYSE:VMW) by 0.2% during the 1st quarter, Holdings Channel reports. The fund owned 96,061 shares of the virtualization software provider’s stock after acquiring an additional 220 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in VMware were worth $17,340,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in VMW. Dimensional Fund Advisors LP lifted its position in VMware by 20.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 105,511 shares of the virtualization software provider’s stock valued at $16,466,000 after acquiring an additional 17,948 shares in the last quarter. Legal & General Group Plc lifted its position in VMware by 4.2% in the 3rd quarter. Legal & General Group Plc now owns 313,923 shares of the virtualization software provider’s stock valued at $48,991,000 after acquiring an additional 12,693 shares in the last quarter. Vanguard Group Inc increased its stake in VMware by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 4,387,621 shares of the virtualization software provider’s stock valued at $684,732,000 after buying an additional 82,729 shares during the last quarter. State of Alaska Department of Revenue increased its stake in VMware by 2.6% in the 4th quarter. State of Alaska Department of Revenue now owns 10,268 shares of the virtualization software provider’s stock valued at $1,407,000 after buying an additional 264 shares during the last quarter. Finally, DNB Asset Management AS purchased a new stake in VMware in the 4th quarter valued at about $2,383,000. 17.74% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on VMW shares. Oppenheimer increased their price objective on shares of VMware from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Goldman Sachs Group lowered shares of VMware from a “neutral” rating to a “sell” rating and set a $177.00 price objective for the company. in a research note on Wednesday, March 6th. Nomura set a $130.00 price objective on shares of VMware and gave the company a “sell” rating in a research note on Friday, March 1st. Raymond James increased their price objective on shares of VMware from $163.00 to $196.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, Citigroup increased their price objective on shares of VMware from $166.00 to $201.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $186.52.

In related news, EVP Maurizio Carli sold 5,446 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $174.25, for a total value of $948,965.50. Following the completion of the transaction, the executive vice president now directly owns 69,908 shares of the company’s stock, valued at approximately $12,181,469. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Amy Fliegelman Olli sold 1,723 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $178.98, for a total transaction of $308,382.54. Following the completion of the transaction, the vice president now directly owns 34,332 shares of the company’s stock, valued at $6,144,741.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 315,896 shares of company stock valued at $58,151,231. 29.90% of the stock is currently owned by company insiders.

Shares of VMW stock opened at $197.93 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 7.70. VMware, Inc. has a 12-month low of $129.33 and a 12-month high of $205.44. The company has a market cap of $78.82 billion, a PE ratio of 40.15, a P/E/G ratio of 2.95 and a beta of 0.81.

VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.10. VMware had a net margin of 26.99% and a return on equity of 25.50%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business posted $1.68 EPS. Equities analysts forecast that VMware, Inc. will post 4.87 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “State Board of Administration of Florida Retirement System Purchases 220 Shares of VMware, Inc. (VMW)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2019/05/16/state-board-of-administration-of-florida-retirement-system-purchases-220-shares-of-vmware-inc-vmw.html.

VMware Company Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

See Also: How is a buy-side analyst different from a sell-side analyst?

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.