VMware, Inc. (NYSE:VMW) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management raised its position in VMware, Inc. (NYSE:VMWGet Rating) by 27.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,777 shares of the virtualization software provider’s stock after buying an additional 1,653 shares during the quarter. Brookstone Capital Management’s holdings in VMware were worth $883,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. IFM Investors Pty Ltd boosted its position in shares of VMware by 20.6% in the 1st quarter. IFM Investors Pty Ltd now owns 33,223 shares of the virtualization software provider’s stock worth $3,783,000 after buying an additional 5,686 shares in the last quarter. Beaumont Financial Partners LLC boosted its position in shares of VMware by 11.5% in the 1st quarter. Beaumont Financial Partners LLC now owns 5,142 shares of the virtualization software provider’s stock worth $586,000 after buying an additional 530 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of VMware by 148.5% in the 4th quarter. Nuveen Asset Management LLC now owns 1,371,746 shares of the virtualization software provider’s stock worth $158,959,000 after buying an additional 819,811 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of VMware by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 199,624 shares of the virtualization software provider’s stock worth $23,132,000 after buying an additional 13,715 shares in the last quarter. Finally, Prio Wealth Limited Partnership purchased a new stake in shares of VMware in the 4th quarter worth about $950,000. 47.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VMW has been the topic of several recent research reports. Mizuho boosted their price objective on shares of VMware to $138.00 in a research report on Friday, May 27th. Royal Bank of Canada downgraded shares of VMware from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 26th. StockNews.com raised shares of VMware from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 26th. Piper Sandler downgraded shares of VMware from an “overweight” rating to a “neutral” rating and set a $142.50 price objective for the company. in a research note on Thursday, May 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of VMware from $135.00 to $142.50 in a research note on Tuesday, May 31st. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.91.

VMware Stock Performance

VMware stock opened at $111.00 on Thursday. The stock has a market cap of $46.96 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 0.98 and a beta of 0.67. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 79.86. The stock has a 50 day moving average of $116.45 and a 200-day moving average of $114.79. VMware, Inc. has a 52 week low of $91.53 and a 52 week high of $167.83.

VMware (NYSE:VMWGet Rating) last released its earnings results on Thursday, August 25th. The virtualization software provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.61 by $0.03. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.30 billion. VMware had a return on equity of 80.84% and a net margin of 11.97%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. On average, analysts expect that VMware, Inc. will post 4.58 EPS for the current fiscal year.

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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