Diversified Trust Co lowered its stake in shares of VMware, Inc. (NYSE:VMW – Get Rating) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,909 shares of the virtualization software provider’s stock after selling 115 shares during the period. Diversified Trust Co’s holdings in VMware were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC acquired a new position in VMware during the fourth quarter worth about $25,000. SOA Wealth Advisors LLC. acquired a new position in VMware during the fourth quarter worth about $26,000. Hudock Inc. raised its position in VMware by 158.1% during the fourth quarter. Hudock Inc. now owns 271 shares of the virtualization software provider’s stock worth $31,000 after acquiring an additional 166 shares during the last quarter. Tompkins Financial Corp acquired a new position in shares of VMware in the fourth quarter valued at approximately $31,000. Finally, CVA Family Office LLC acquired a new position in shares of VMware in the fourth quarter valued at approximately $31,000. 47.04% of the stock is currently owned by hedge funds and other institutional investors.
NYSE VMW opened at $117.21 on Thursday. VMware, Inc. has a 12 month low of $91.53 and a 12 month high of $167.83. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $49.40 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 1.48 and a beta of 0.67. The company’s fifty day moving average price is $113.75 and its two-hundred day moving average price is $117.25.
VMware (NYSE:VMW – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The virtualization software provider reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.28). VMware had a net margin of 12.65% and a return on equity of 41.24%. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the company earned $1.24 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. As a group, analysts anticipate that VMware, Inc. will post 4.63 EPS for the current year.
In other VMware news, EVP Jean Pierre Brulard sold 7,656 shares of the stock in a transaction on Friday, April 1st. The shares were sold at an average price of $114.04, for a total transaction of $873,090.24. Following the sale, the executive vice president now directly owns 79,485 shares of the company’s stock, valued at $9,064,469.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 34,172 shares of the stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $114.61, for a total transaction of $3,916,452.92. Following the completion of the sale, the chief financial officer now directly owns 171,042 shares in the company, valued at approximately $19,603,123.62. The disclosure for this sale can be found here. Insiders have sold 84,197 shares of company stock worth $10,203,013 over the last three months. 40.30% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on VMW. Piper Sandler lowered shares of VMware from an “overweight” rating to a “neutral” rating and set a $142.50 price objective for the company. in a research report on Thursday, May 26th. UBS Group dropped their price target on shares of VMware from $125.00 to $119.00 and set a “neutral” rating for the company in a research report on Friday, February 25th. Morgan Stanley dropped their price target on shares of VMware from $147.00 to $138.00 and set an “equal weight” rating for the company in a research report on Friday, February 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of VMware from $135.00 to $142.50 in a research report on Tuesday, May 31st. Finally, Stifel Nicolaus dropped their price target on shares of VMware from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, February 25th. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, VMware currently has an average rating of “Moderate Buy” and a consensus price target of $139.91.
VMware Company Profile (Get Rating)
VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital 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; vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds.
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