Goelzer Investment Management Inc. Takes Position in VMware, Inc. (VMW)

Goelzer Investment Management Inc. acquired a new position in shares of VMware, Inc. (NYSE:VMW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,084 shares of the virtualization software provider’s stock, valued at approximately $2,016,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VMW. Global Trust Asset Management LLC acquired a new stake in shares of VMware during the fourth quarter worth $138,000. Bronfman E.L. Rothschild L.P. increased its position in shares of 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 buying an additional 1,200 shares during the period. Enterprise Financial Services Corp increased its position in shares of VMware by 3,975.6% during the third quarter. Enterprise Financial Services Corp now owns 1,671 shares of the virtualization software provider’s stock worth $182,000 after buying an additional 1,630 shares during the period. Cadence Capital Management LLC acquired a new stake in shares of VMware during the third quarter worth $204,000. Finally, Argent Trust Co acquired a new stake in shares of VMware during the third quarter worth $205,000. Institutional investors own 22.45% of the company’s stock.

VMware, Inc. (VMW) opened at $113.13 on Friday. VMware, Inc. has a 12 month low of $85.45 and a 12 month high of $165.00. The firm has a market cap of $43,724.35, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 2.25 and a beta of 0.81. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.51.

VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. VMware had a net margin of 18.97% and a return on equity of 18.57%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. equities research analysts anticipate that VMware, Inc. will post 3.77 EPS for the current fiscal year.

In other VMware news, EVP Maurizio Carli sold 2,581 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total value of $335,220.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $120.40, for a total transaction of $2,815,072.40. The disclosure for this sale can be found here. Insiders sold 38,726 shares of company stock worth $4,774,927 over the last ninety days. Insiders own 34.40% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Citigroup cut shares of VMware from a “buy” rating to a “neutral” rating and set a $124.00 price objective for the company. in a research report on Monday, February 5th. Zacks Investment Research cut shares of VMware from a “hold” rating to a “strong sell” rating in a research report on Friday, February 2nd. Robert W. Baird reiterated a “buy” rating and set a $135.00 price objective on shares of VMware in a research report on Tuesday, January 30th. Deutsche Bank increased their price objective on shares of VMware from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Cowen reiterated a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of VMware in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $130.00.

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About VMware

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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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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