Catalyst Capital Advisors LLC purchased a new position in VMware, Inc. (NYSE:VMW) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 70,000 shares of the virtualization software provider’s stock, valued at approximately $8,772,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. USA Financial Portformulas Corp raised its holdings in shares of VMware by 3.5% in the second quarter. USA Financial Portformulas Corp now owns 6,000 shares of the virtualization software provider’s stock worth $525,000 after buying an additional 202 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of VMware by 3.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 13,983 shares of the virtualization software provider’s stock worth $1,752,000 after buying an additional 455 shares during the last quarter. BB&T Corp raised its holdings in shares of VMware by 12.9% in the third quarter. BB&T Corp now owns 4,049 shares of the virtualization software provider’s stock worth $442,000 after buying an additional 462 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of VMware by 2.8% in the third quarter. CIBC Asset Management Inc now owns 17,321 shares of the virtualization software provider’s stock worth $1,891,000 after buying an additional 465 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in shares of VMware by 6.9% in the third quarter. ETRADE Capital Management LLC now owns 7,226 shares of the virtualization software provider’s stock worth $789,000 after buying an additional 466 shares during the last quarter. 21.86% of the stock is owned by institutional investors and hedge funds.

In related news, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Sanjay Poonen sold 2,764 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $118.50, for a total transaction of $327,534.00. Following the sale, the chief operating officer now owns 189,391 shares in the company, valued at approximately $22,442,833.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,726 shares of company stock worth $4,774,927. 34.40% of the stock is owned by company insiders.

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

Shares of VMware, Inc. (NYSE:VMW) opened at $116.58 on Tuesday. The company has a market cap of $47,000.00, a price-to-earnings ratio of 33.31, a P/E/G ratio of 2.35 and a beta of 0.81. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.51. VMware, Inc. has a 52-week low of $85.45 and a 52-week high of $165.00.

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

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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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