Baird Financial Group Inc. Sells 7,462 Shares of VMware, Inc. (NYSE:VMW)

Baird Financial Group Inc. decreased its stake in VMware, Inc. (NYSE:VMWGet Rating) by 37.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,485 shares of the virtualization software provider’s stock after selling 7,462 shares during the period. Baird Financial Group Inc.’s holdings in VMware were worth $1,422,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. boosted its position in VMware by 140.2% during the 1st quarter. Zions Bancorporation N.A. now owns 233 shares of the virtualization software provider’s stock valued at $27,000 after buying an additional 136 shares during the period. Centerpoint Advisors LLC boosted its position in VMware by 310.9% during the 2nd quarter. Centerpoint Advisors LLC now owns 263 shares of the virtualization software provider’s stock valued at $30,000 after buying an additional 199 shares during the period. Lindbrook Capital LLC boosted its position in VMware by 75.8% during the 2nd quarter. Lindbrook Capital LLC now owns 262 shares of the virtualization software provider’s stock valued at $30,000 after buying an additional 113 shares during the period. Trustcore Financial Services LLC purchased a new stake in VMware during the 1st quarter valued at $35,000. Finally, Crewe Advisors LLC boosted its position in VMware by 150.0% during the 2nd quarter. Crewe Advisors LLC now owns 330 shares of the virtualization software provider’s stock valued at $38,000 after buying an additional 198 shares during the period. Institutional investors own 47.04% of the company’s stock.

Insider Activity

In other news, EVP Jean Pierre Brulard sold 359 shares of VMware stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $111.05, for a total transaction of $39,866.95. Following the sale, the executive vice president now owns 82,777 shares in the company, valued at $9,192,385.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 40.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on VMW. UBS Group dropped their target price on shares of VMware to $131.00 in a research report on Wednesday. Mizuho dropped their target price on shares of VMware from $138.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, StockNews.com began coverage on shares of VMware in a research report on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.32.

VMware Trading Up 1.0 %

VMware stock opened at $116.56 on Friday. The stock has a market cap of $49.31 billion, a P/E ratio of 31.33, a PEG ratio of 1.56 and a beta of 0.68. The company has a debt-to-equity ratio of 79.86, a current ratio of 0.76 and a quick ratio of 0.76. VMware, Inc. has a 1 year low of $91.53 and a 1 year high of $136.85. The firm’s 50 day moving average price is $111.13 and its 200-day moving average price is $114.14.

VMware (NYSE:VMWGet Rating) last released its quarterly earnings data on Thursday, August 25th. The virtualization software provider reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.07). The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.30 billion. VMware had a net margin of 11.97% and a return on equity of 80.84%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 EPS. On average, equities analysts predict that VMware, Inc. will post 4.34 earnings per share for the current fiscal year.

VMware Company 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.

See Also

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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