VMware, Inc. (NYSE:VMW) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado grew its position in shares of VMware, Inc. (NYSE:VMW) by 16.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 39,574 shares of the virtualization software provider’s stock after purchasing an additional 5,735 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in VMware were worth $5,686,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC acquired a new stake in VMware in the first quarter worth about $25,000. WealthPLAN Partners LLC acquired a new stake in VMware in the first quarter worth about $26,000. Zions Bancorporation N.A. lifted its holdings in VMware by 140.2% in the first quarter. Zions Bancorporation N.A. now owns 233 shares of the virtualization software provider’s stock worth $27,000 after purchasing an additional 136 shares during the period. ICA Group Wealth Management LLC acquired a new stake in VMware in the fourth quarter worth about $29,000. Finally, Mcmillion Capital Management Inc. acquired a new stake in VMware in the second quarter worth about $30,000. Institutional investors and hedge funds own 46.70% of the company’s stock.

Insider Activity

In other news, EVP Jean Pierre Brulard sold 4,966 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $177.10, for a total value of $879,478.60. Following the transaction, the executive vice president now owns 76,832 shares in the company, valued at approximately $13,606,947.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 40.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Monness Crespi & Hardt downgraded shares of VMware from a “buy” rating to a “neutral” rating in a report on Monday, August 28th. Mizuho upped their price target on shares of VMware from $158.00 to $165.00 in a report on Friday, September 1st. StockNews.com assumed coverage on shares of VMware in a report on Thursday, October 5th. They issued a “strong-buy” rating for the company. UBS Group upped their price target on shares of VMware from $180.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, September 1st. Finally, BMO Capital Markets upped their price target on shares of VMware from $140.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $160.25.

VMware Price Performance

NYSE VMW opened at $149.17 on Thursday. The stock’s 50-day moving average price is $159.90 and its two-hundred day moving average price is $150.48. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.71. The company has a market cap of $64.41 billion, a PE ratio of 45.07 and a beta of 0.71. VMware, Inc. has a 1 year low of $109.00 and a 1 year high of $181.14.

VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, August 31st. The virtualization software provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.12. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.45 billion. VMware had a return on equity of 113.34% and a net margin of 10.48%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. On average, analysts predict that VMware, Inc. will post 4.92 EPS for the current year.

About VMware

VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; and vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with VMware Aria Cloud Management into an integrated stack that delivers ready cloud infrastructure for private and public clouds.