WESCAP Management Group Inc. raised its stake in VMware, Inc. (NYSE:VMW) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,426 shares of the virtualization software provider’s stock after purchasing an additional 160 shares during the quarter. WESCAP Management Group Inc.’s holdings in VMware were worth $1,117,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. FIL Ltd grew its stake in shares of VMware by 193.9% in the fourth quarter. FIL Ltd now owns 1,648,216 shares of the virtualization software provider’s stock valued at $231,179,000 after buying an additional 1,087,452 shares in the last quarter. Alpha Paradigm Partners LLC acquired a new stake in VMware in the fourth quarter valued at approximately $9,702,000. NN Investment Partners Holdings N.V. raised its stake in shares of VMware by 9.4% during the first quarter. NN Investment Partners Holdings N.V. now owns 20,264 shares of the virtualization software provider’s stock valued at $3,049,000 after purchasing an additional 1,743 shares during the period. DDD Partners LLC acquired a new position in shares of VMware during the first quarter worth $8,529,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of VMware by 213.4% in the first quarter. Janney Montgomery Scott LLC now owns 60,493 shares of the virtualization software provider’s stock valued at $9,101,000 after purchasing an additional 41,190 shares during the period. Institutional investors own 16.90% of the company’s stock.
VMW has been the topic of a number of recent analyst reports. Bank of America reiterated a “neutral” rating and issued a $175.00 price objective on shares of VMware in a report on Wednesday, April 14th. Piper Sandler raised their price objective on VMware from $158.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, April 21st. Mizuho upped their target price on VMware from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, May 13th. Northland Securities reaffirmed a “market perform” rating and issued a $169.00 price target on shares of VMware in a report on Wednesday, April 21st. Finally, Zacks Investment Research upgraded shares of VMware from a “sell” rating to a “hold” rating and set a $146.00 price objective on the stock in a research note on Thursday, March 4th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $171.84.
Shares of NYSE VMW traded down $0.30 during mid-day trading on Friday, hitting $161.38. The company had a trading volume of 721,156 shares, compared to its average volume of 1,337,518. VMware, Inc. has a 12 month low of $126.79 and a 12 month high of $172.00. The stock has a market cap of $67.66 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s 50 day simple moving average is $160.19 and its two-hundred day simple moving average is $146.93.
VMware (NYSE:VMW) last issued its earnings results on Thursday, February 25th. The virtualization software provider reported $2.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.78. VMware had a return on equity of 27.10% and a net margin of 13.75%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.23 billion. Equities analysts forecast that VMware, Inc. will post 4.72 earnings per share for the current year.
In related news, COO Rangarajan (Raghu) Raghuram sold 30,777 shares of the stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $153.19, for a total value of $4,714,728.63. Following the completion of the transaction, the chief operating officer now directly owns 220,430 shares of the company’s stock, valued at approximately $33,767,671.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick P. Gelsinger sold 24,230 shares of the firm’s stock in a transaction that occurred on Monday, April 19th. The shares were sold at an average price of $167.64, for a total value of $4,061,917.20. Following the completion of the sale, the director now owns 151,782 shares in the company, valued at $25,444,734.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,697 shares of company stock worth $22,282,825. Corporate insiders own 28.50% of the company’s stock.
About VMware
VMware, Inc provides software in the areas of hybrid and multi-cloud, modern applications, 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 and utilizes its hypervisor software, a layer of software that resides between the operating system and system hardware to enable compute virtualization; vSAN and VxRail, which offers holistic data storage and protection options to all 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 hybrid 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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