National Asset Management Inc. Has $662,000 Stock Holdings in VMware, Inc. (NYSE:VMW)

National Asset Management Inc. lifted its stake in shares of VMware, Inc. (NYSE:VMWGet Rating) by 98.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,807 shares of the virtualization software provider’s stock after buying an additional 2,885 shares during the quarter. National Asset Management Inc.’s holdings in VMware were worth $662,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VMW. McIlrath & Eck LLC increased its holdings in VMware by 35.6% in the fourth quarter. McIlrath & Eck LLC now owns 316 shares of the virtualization software provider’s stock valued at $37,000 after purchasing an additional 83 shares during the period. Financial Management Professionals Inc. grew its holdings in VMware by 13.2% during the 1st quarter. Financial Management Professionals Inc. now owns 825 shares of the virtualization software provider’s stock worth $94,000 after acquiring an additional 96 shares during the period. Parallel Advisors LLC grew its holdings in VMware by 3.3% during the 1st quarter. Parallel Advisors LLC now owns 3,034 shares of the virtualization software provider’s stock worth $353,000 after acquiring an additional 98 shares during the period. Investors Research Corp grew its holdings in VMware by 2.0% during the 1st quarter. Investors Research Corp now owns 5,100 shares of the virtualization software provider’s stock worth $581,000 after acquiring an additional 100 shares during the period. Finally, Montag A & Associates Inc. grew its holdings in VMware by 1.9% during the 4th quarter. Montag A & Associates Inc. now owns 5,684 shares of the virtualization software provider’s stock worth $659,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 47.04% of the company’s stock.

VMware Price Performance

VMware stock opened at $113.45 on Wednesday. VMware, Inc. has a 52 week low of $91.53 and a 52 week high of $167.83. The company’s 50 day moving average price is $117.27 and its two-hundred day moving average price is $116.85. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.90. The stock has a market cap of $47.81 billion, a P/E ratio of 29.32, a P/E/G ratio of 1.00 and a beta of 0.70.

VMware (NYSE:VMWGet Rating) last posted its earnings results on Thursday, May 26th. The virtualization software provider reported $0.71 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.31). VMware had a return on equity of 41.24% and a net margin of 12.65%. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the prior year, the business earned $1.24 EPS. VMware’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts predict that VMware, Inc. will post 4.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VMW shares. Monness Crespi & Hardt decreased their price target on VMware to $136.00 and set a “sector weight” rating for the company in a report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft increased their price target on VMware from $135.00 to $142.50 in a report on Tuesday, May 31st. Raymond James downgraded VMware from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 6th. StockNews.com downgraded VMware from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 27th. Finally, Royal Bank of Canada downgraded VMware from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 26th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $139.91.

Insiders Place Their Bets

In related news, EVP Jean Pierre Brulard sold 12,532 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $130.67, for a total value of $1,637,556.44. Following the transaction, the executive vice president now owns 83,060 shares in the company, valued at $10,853,450.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Jean Pierre Brulard sold 12,532 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $130.67, for a total transaction of $1,637,556.44. Following the completion of the transaction, the executive vice president now owns 83,060 shares in the company, valued at approximately $10,853,450.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Amy Fliegelman Olli sold 18,338 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $125.00, for a total value of $2,292,250.00. Following the transaction, the executive vice president now owns 77,034 shares of the company’s stock, valued at approximately $9,629,250. The disclosure for this sale can be found here. Insiders have sold a total of 42,369 shares of company stock valued at $5,413,470 in the last 90 days. 40.30% of the stock is currently owned by corporate insiders.

About VMware

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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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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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