Ifrah Financial Services Inc. decreased its stake in shares of VMware, Inc. (NYSE:VMW) by 32.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,786 shares of the virtualization software provider’s stock after selling 2,296 shares during the period. Ifrah Financial Services Inc.’s holdings in VMware were worth $600,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in VMW. Bronfman E.L. Rothschild L.P. increased its stake in VMware by 1,643.8% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock valued at $139,000 after buying an additional 1,200 shares during the period. Enterprise Financial Services Corp increased its stake in VMware by 3,975.6% during the 3rd quarter. Enterprise Financial Services Corp now owns 1,671 shares of the virtualization software provider’s stock valued at $182,000 after buying an additional 1,630 shares during the period. Cadence Capital Management LLC acquired a new position in VMware during the 3rd quarter valued at about $204,000. Argent Trust Co acquired a new position in VMware during the 3rd quarter valued at about $205,000. Finally, Wedgewood Investors Inc. PA acquired a new position in VMware during the 4th quarter valued at about $207,000. 22.40% of the stock is currently owned by hedge funds and other institutional investors.
VMware, Inc. (VMW) traded up $2.25 during trading on Thursday, hitting $126.04. 3,867,421 shares of the stock traded hands, compared to its average volume of 4,097,095. The stock has a market capitalization of $51,630.00, a P/E ratio of 36.29, a P/E/G ratio of 2.73 and a beta of 0.67. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86. VMware, Inc. has a 1-year low of $85.45 and a 1-year high of $165.00.
Several equities analysts have commented on VMW shares. Drexel Hamilton reissued a “buy” rating and set a $120.00 target price on shares of VMware in a research note on Thursday, November 2nd. Bank of America raised their target price on shares of VMware from $125.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, November 27th. Nomura started coverage on shares of VMware in a research note on Tuesday, January 23rd. They set a “reduce” rating and a $108.00 target price on the stock. Deutsche Bank raised their target price on shares of VMware from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $136.00 target price (up previously from $114.00) on shares of VMware in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $130.84.
In related news, EVP Maurizio Carli sold 2,581 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total transaction of $335,220.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Sanjay Poonen sold 2,764 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $118.50, for a total transaction of $327,534.00. Following the sale, the chief operating officer now owns 189,391 shares of the company’s stock, valued at $22,442,833.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,726 shares of company stock worth $4,774,927. 34.40% of the stock is currently owned by insiders.
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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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