Commonwealth Equity Services LLC Lowers Stock Position in VMware, Inc. (NYSE:VMW)

Commonwealth Equity Services LLC reduced its stake in VMware, Inc. (NYSE:VMWGet Rating) by 23.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,390 shares of the virtualization software provider’s stock after selling 14,608 shares during the quarter. Commonwealth Equity Services LLC’s holdings in VMware were worth $5,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. McIlrath & Eck LLC raised its stake 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 in the last quarter. Financial Management Professionals Inc. grew its position in VMware by 13.2% during the first quarter. Financial Management Professionals Inc. now owns 825 shares of the virtualization software provider’s stock valued at $94,000 after acquiring an additional 96 shares during the last quarter. Parallel Advisors LLC grew its position in VMware by 3.3% during the first quarter. Parallel Advisors LLC now owns 3,034 shares of the virtualization software provider’s stock valued at $353,000 after acquiring an additional 98 shares during the last quarter. Investors Research Corp grew its position in VMware by 2.0% during the first quarter. Investors Research Corp now owns 5,100 shares of the virtualization software provider’s stock valued at $581,000 after acquiring an additional 100 shares during the last quarter. Finally, Montag A & Associates Inc. grew its position in VMware by 1.9% during the fourth quarter. Montag A & Associates Inc. now owns 5,684 shares of the virtualization software provider’s stock valued at $659,000 after acquiring an additional 105 shares during the last quarter. 47.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at VMware

In related news, EVP Amy Fliegelman Olli sold 18,338 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 77,034 shares in the company, valued at approximately $9,629,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, 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 directly owns 77,034 shares of the company’s stock, valued at approximately $9,629,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Zane Rowe sold 9,148 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $129.05, for a total value of $1,180,549.40. Following the sale, the chief financial officer now owns 189,117 shares of the company’s stock, valued at $24,405,548.85. The disclosure for this sale can be found here. Insiders sold a total of 42,369 shares of company stock valued at $5,413,470 in the last ninety days. Insiders own 40.30% of the company’s stock.

VMware Price Performance

Shares of NYSE:VMW opened at $116.88 on Thursday. The business’s 50 day moving average price is $118.40 and its 200-day moving average price is $116.58. The firm has a market capitalization of $49.26 billion, a PE ratio of 30.20, a P/E/G ratio of 1.02 and a beta of 0.67. VMware, Inc. has a 1 year low of $91.53 and a 1 year high of $167.83.

VMware (NYSE:VMWGet Rating) last issued its quarterly earnings data on Thursday, May 26th. The virtualization software provider reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.31). VMware had a net margin of 12.65% and a return on equity of 41.24%. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts expect that VMware, Inc. will post 4.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on VMW. StockNews.com cut shares of VMware from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 27th. Jefferies Financial Group cut their target price on shares of VMware from $125.00 to $105.00 in a report on Monday, May 23rd. Mizuho raised their target price on shares of VMware to $138.00 in a report on Friday, May 27th. Monness Crespi & Hardt cut their target price on shares of VMware to $136.00 and set a “sector weight” rating on the stock in a report on Thursday, May 19th. Finally, Piper Sandler cut shares of VMware from an “overweight” rating to a “neutral” rating and set a $142.50 target price on the stock. in a report on Thursday, May 26th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $139.91.

VMware Profile

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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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