Optimal Asset Management Inc. raised its stake in VMware, Inc. (NYSE:VMW) by 145.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,820 shares of the virtualization software provider’s stock after buying an additional 10,557 shares during the period. Optimal Asset Management Inc.’s holdings in VMware were worth $2,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new stake in VMware in the 4th quarter valued at about $30,000. NEXT Financial Group Inc lifted its position in shares of VMware by 169.2% in the 1st quarter. NEXT Financial Group Inc now owns 245 shares of the virtualization software provider’s stock worth $30,000 after purchasing an additional 154 shares during the period. Wealth Quarterback LLC purchased a new stake in shares of VMware in the 4th quarter worth approximately $32,000. Ameritas Investment Company LLC lifted its position in shares of VMware by 931.7% in the 1st quarter. Ameritas Investment Company LLC now owns 423 shares of the virtualization software provider’s stock worth $50,000 after purchasing an additional 382 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of VMware by 6,700.0% in the 1st quarter. Federated Hermes Inc. now owns 476 shares of the virtualization software provider’s stock worth $58,000 after purchasing an additional 469 shares during the period. 17.09% of the stock is owned by institutional investors.

VMware stock traded up $0.30 during midday trading on Friday, hitting $149.75. 508,603 shares of the stock were exchanged, compared to its average volume of 1,948,778. VMware, Inc. has a fifty-two week low of $86.00 and a fifty-two week high of $183.50. The stock has a market capitalization of $62.63 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 3.04 and a beta of 0.81. The stock’s 50-day simple moving average is $142.36 and its 200 day simple moving average is $139.36. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.78.

VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, May 28th. The virtualization software provider reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.32. VMware had a net margin of 58.44% and a return on equity of 30.45%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the business earned $1.32 earnings per share. VMware’s revenue was up 11.6% compared to the same quarter last year. Equities analysts anticipate that VMware, Inc. will post 3.78 EPS for the current fiscal year.

In other VMware news, VP Amy Fliegelman Olli sold 27,498 shares of VMware stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $130.00, for a total transaction of $3,574,740.00. Following the completion of the sale, the vice president now directly owns 35,060 shares in the company, valued at $4,557,800. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Sanjay Poonen sold 66,000 shares of VMware stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $126.62, for a total transaction of $8,356,920.00. Following the sale, the chief operating officer now owns 228,516 shares of the company’s stock, valued at $28,934,695.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 224,111 shares of company stock valued at $28,421,367. Company insiders own 28.50% of the company’s stock.

Several brokerages have recently weighed in on VMW. Raymond James lowered their price target on shares of VMware from $164.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, April 3rd. Tigress Financial reaffirmed a “buy” rating on shares of VMware in a research report on Monday. Goldman Sachs Group upped their price target on shares of VMware from $143.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday. They noted that the move was a valuation call. Jefferies Financial Group upped their price target on shares of VMware from $135.00 to $160.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. Finally, Cfra upgraded shares of VMware from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $154.00 to $180.00 in a research note on Friday, May 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company. VMware presently has a consensus rating of “Buy” and an average price target of $166.78.

About VMware

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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