Jacobs Levy Equity Management Inc. boosted its position in shares of VMware Inc. (NYSE:VMW) by 17.0% during the third quarter, Holdings Channel reports. The institutional investor owned 542,758 shares of the virtualization software provider’s stock after buying an additional 78,900 shares during the period. VMware makes up approximately 0.7% of Jacobs Levy Equity Management Inc.’s investment portfolio, making the stock its 18th largest position. Jacobs Levy Equity Management Inc. owned about 0.13% of VMware worth $39,811,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of VMW. Pacer Advisors Inc. increased its position in VMware by 10.5% in the second quarter. Pacer Advisors Inc. now owns 1,773 shares of the virtualization software provider’s stock worth $101,000 after buying an additional 168 shares in the last quarter. Advisor Group Inc. purchased a new position in VMware during the second quarter worth $163,000. Orinda Asset Management LLC purchased a new position in VMware during the third quarter worth $197,000. WMS Partners LLC purchased a new position in VMware during the second quarter worth $206,000. Finally, Capstone Asset Management Co. purchased a new position in VMware during the second quarter worth $211,000. 21.21% of the stock is currently owned by institutional investors.
VMware Inc. (NYSE:VMW) opened at 82.78 on Thursday. The firm has a market cap of $34.07 billion, a PE ratio of 31.46 and a beta of 0.99. VMware Inc. has a one year low of $43.25 and a one year high of $83.12. The stock has a 50 day moving average price of $80.60 and a 200 day moving average price of $74.64.
VMware (NYSE:VMW) last announced its quarterly earnings data on Wednesday, October 26th. The virtualization software provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.04. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $296.82 million. VMware had a return on equity of 16.00% and a net margin of 16.14%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.02 earnings per share. Equities research analysts expect that VMware Inc. will post $4.36 EPS for the current year.
Several research analysts have recently commented on the company. Morgan Stanley reaffirmed a “buy” rating and issued a $86.00 price objective on shares of VMware in a research note on Monday, September 26th. Drexel Hamilton reaffirmed a “buy” rating and issued a $90.00 price objective (up previously from $85.00) on shares of VMware in a research note on Thursday, October 27th. RBC Capital Markets reaffirmed an “outperform” rating on shares of VMware in a research note on Monday, October 17th. Vetr downgraded VMware from a “strong-buy” rating to a “buy” rating and set a $88.00 price objective on the stock. in a research note on Tuesday, November 1st. Finally, William Blair raised VMware from a “market perform” rating to an “outperform” rating in a research note on Monday, October 24th. One research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have given a buy rating to the stock. VMware currently has an average rating of “Hold” and a consensus price target of $78.22.
In other news, EVP Maurizio Carli sold 12,650 shares of the stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $81.14, for a total value of $1,026,421.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by insiders.
VMware, Inc is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC).
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