Bank of Montreal Can Has $15.43 Million Stock Holdings in VMware, Inc. (NYSE:VMW)

Bank of Montreal Can trimmed its position in VMware, Inc. (NYSE:VMWGet Rating) by 24.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,956 shares of the virtualization software provider’s stock after selling 43,272 shares during the quarter. Bank of Montreal Can’s holdings in VMware were worth $15,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of VMW. Beaumont Financial Partners LLC boosted its holdings in VMware by 11.5% during the first quarter. Beaumont Financial Partners LLC now owns 5,142 shares of the virtualization software provider’s stock valued at $586,000 after acquiring an additional 530 shares during the period. CWM LLC boosted its stake in VMware by 84.0% during the 2nd quarter. CWM LLC now owns 2,403 shares of the virtualization software provider’s stock valued at $274,000 after purchasing an additional 1,097 shares during the period. CAPROCK Group Inc. acquired a new stake in VMware in the 2nd quarter valued at approximately $237,000. Colonial Trust Advisors grew its holdings in VMware by 6.7% in the 1st quarter. Colonial Trust Advisors now owns 18,662 shares of the virtualization software provider’s stock valued at $2,125,000 after buying an additional 1,179 shares during the last quarter. Finally, First Hawaiian Bank lifted its holdings in shares of VMware by 2.4% during the second quarter. First Hawaiian Bank now owns 29,900 shares of the virtualization software provider’s stock worth $3,408,000 after buying an additional 696 shares during the last quarter. 47.04% of the stock is owned by institutional investors.

VMware Price Performance

Shares of VMW stock opened at $118.39 on Wednesday. The stock’s fifty day simple moving average is $111.16 and its 200 day simple moving average is $114.42. VMware, Inc. has a one year low of $91.53 and a one year high of $136.85. The firm has a market cap of $50.08 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 1.58 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 (NYSE:VMWGet Rating) last issued its quarterly earnings data on Thursday, August 25th. The virtualization software provider reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.07). VMware had a net margin of 11.97% and a return on equity of 80.84%. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same period in the previous year, the business posted $1.18 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, analysts expect that VMware, Inc. will post 4.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 value of $39,866.95. Following the completion of the transaction, the executive vice president now owns 82,777 shares in the company, valued at $9,192,385.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 40.30% of the company’s stock.

Wall Street Analysts Forecast Growth

VMW has been the topic of several research analyst reports. Mizuho lowered their price objective on shares of VMware from $138.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 15th. StockNews.com started coverage on shares of VMware in a research report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. Finally, UBS Group cut their price objective on shares of VMware to $131.00 in a research report on Wednesday, November 16th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $140.32.

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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