Teachers Retirement System of The State of Kentucky Purchases New Position in VMware, Inc. (NYSE:VMW)

Teachers Retirement System of The State of Kentucky bought a new stake in shares of VMware, Inc. (NYSE:VMW – Get Rating) in the 3rd quarter, Holdings Channel reports. The fund bought 90,952 shares of the virtualization software provider’s stock, valued at approximately $9,683,000.

Several other large investors also recently modified their holdings of VMW. Arrowstreet Capital Limited Partnership grew its stake in shares of VMware by 181.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,210,001 shares of the virtualization software provider’s stock valued at $251,653,000 after acquiring an additional 1,424,875 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of VMware by 8.3% during the third quarter. Vanguard Group Inc. now owns 14,338,363 shares of the virtualization software provider’s stock valued at $1,526,461,000 after acquiring an additional 1,102,577 shares in the last quarter. Dodge & Cox grew its stake in shares of VMware by 4.0% during the second quarter. Dodge & Cox now owns 28,032,926 shares of the virtualization software provider’s stock valued at $3,195,193,000 after acquiring an additional 1,079,633 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in VMware by 16.8% in the second quarter. UBS Asset Management Americas Inc. now owns 5,819,565 shares of the virtualization software provider’s stock worth $663,314,000 after purchasing an additional 836,024 shares in the last quarter. Finally, Pentwater Capital Management LP acquired a new position in VMware in the second quarter worth about $79,786,000. 45.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMW has been the subject of a number of research reports. StockNews.com initiated coverage on VMware in a research note on Thursday. They issued a “strong-buy” rating for the company. UBS Group lifted their price target on VMware from $131.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 7th. Finally, BMO Capital Markets decreased their price target on VMware from $142.50 to $139.00 and set a “market perform” rating for the company in a research note on Monday, March 6th. Seven analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, VMware currently has an average rating of “Hold” and a consensus target price of $135.88.

VMware Stock Performance

Shares of NYSE VMW opened at $120.55 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 12.02. The firm’s 50-day moving average price is $119.84 and its two-hundred day moving average price is $116.81. VMware, Inc. has a 52-week low of $91.53 and a 52-week high of $132.15. The stock has a market capitalization of $51.29 billion, a P/E ratio of 39.14, a P/E/G ratio of 1.40 and a beta of 0.72.

Insiders Place Their Bets

In other news, EVP Jean Pierre Brulard sold 6,651 shares of VMware stock in a transaction that occurred on Thursday, December 22nd. The stock was sold at an average price of $121.01, for a total transaction of $804,837.51. Following the sale, the executive vice president now owns 69,563 shares of the company’s stock, valued at $8,417,818.63. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 40.30% of the stock is currently owned by corporate insiders.

VMware Company Profile

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VMware, Inc engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.