Advisors Asset Management Inc. increased its stake in VMware, Inc. (NYSE:VMW) by 94.0% in the 1st quarter, HoldingsChannel reports. The firm owned 326 shares of the virtualization software provider’s stock after buying an additional 158 shares during the quarter. Advisors Asset Management Inc.’s holdings in VMware were worth $59,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors grew its position in VMware by 217.6% during the fourth quarter. Captrust Financial Advisors now owns 216 shares of the virtualization software provider’s stock worth $30,000 after buying an additional 148 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in VMware during the fourth quarter worth about $35,000. Meeder Asset Management Inc. purchased a new position in VMware during the first quarter worth about $51,000. Hanson & Doremus Investment Management purchased a new position in VMware during the first quarter worth about $53,000. Finally, Rational Advisors LLC grew its position in VMware by 10,166.7% during the fourth quarter. Rational Advisors LLC now owns 308 shares of the virtualization software provider’s stock worth $42,000 after buying an additional 305 shares in the last quarter. Institutional investors own 17.90% of the company’s stock.

In other news, VP Amy Fliegelman Olli sold 1,723 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $178.98, for a total value of $308,382.54. Following the completion of the sale, the vice president now owns 34,332 shares of the company’s stock, valued at approximately $6,144,741.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Rangarajan (Raghu) Raghuram sold 36,311 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $170.24, for a total value of $6,181,584.64. Following the completion of the sale, the chief operating officer now directly owns 304,104 shares of the company’s stock, valued at approximately $51,770,664.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 294,810 shares of company stock valued at $54,382,319. Corporate insiders own 28.80% of the company’s stock.

Shares of VMW stock opened at $169.07 on Tuesday. The company has a debt-to-equity ratio of 7.70, a current ratio of 0.99 and a quick ratio of 0.99. VMware, Inc. has a 12-month low of $129.33 and a 12-month high of $206.80. The stock has a market cap of $72.64 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 2.72 and a beta of 0.90.

VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, May 30th. The virtualization software provider reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.42. VMware had a return on equity of 28.06% and a net margin of 21.50%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts anticipate that VMware, Inc. will post 4.87 earnings per share for the current fiscal year.

Several equities analysts recently commented on the company. Maxim Group restated a “hold” rating on shares of VMware in a research report on Friday. Zacks Investment Research upgraded VMware from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a research report on Monday, May 6th. Wedbush restated a “buy” rating and set a $210.00 target price on shares of VMware in a research report on Friday. KeyCorp boosted their target price on VMware from $172.00 to $192.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, Deutsche Bank boosted their target price on VMware from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $194.50.

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VMware 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.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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