National Pension Service Has $36.40 Million Holdings in VMware, Inc. (NYSE:VMW)

National Pension Service cut its holdings in VMware, Inc. (NYSE:VMW – Get Rating) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,619 shares of the virtualization software provider’s stock after selling 13,076 shares during the quarter. National Pension Service owned approximately 0.08% of VMware worth $36,395,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VMW. Heritage Wealth Management LLC acquired a new stake in shares of VMware during the second quarter valued at about $25,000. Chilton Capital Management LLC acquired a new stake in shares of VMware during the second quarter valued at about $26,000. Zions Bancorporation N.A. boosted its stake in shares of VMware by 140.2% during the first quarter. Zions Bancorporation N.A. now owns 233 shares of the virtualization software provider’s stock valued at $27,000 after purchasing an additional 136 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of VMware by 202.0% during the third quarter. Hexagon Capital Partners LLC now owns 296 shares of the virtualization software provider’s stock valued at $32,000 after purchasing an additional 198 shares in the last quarter. Finally, Guardian Wealth Advisors LLC acquired a new stake in shares of VMware during the third quarter valued at about $37,000. 45.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VMW has been the subject of a number of analyst reports. BMO Capital Markets lowered their price objective on VMware from $142.50 to $139.00 and set a “market perform” rating for the company in a research report on Monday, March 6th. UBS Group raised their price objective on VMware from $131.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. Finally, StockNews.com initiated coverage on VMware in a research report on Thursday. They set a “strong-buy” rating for the company. Seven research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $135.88.

Insiders Place Their Bets

In other VMware news, EVP Jean Pierre Brulard sold 6,651 shares of VMware stock in a transaction that occurred on Thursday, December 22nd. The stock was sold at an average price of $121.01, for a total value of $804,837.51. Following the completion of the sale, the executive vice president now directly owns 69,563 shares in the company, valued at $8,417,818.63. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 40.30% of the stock is currently owned by corporate insiders.

VMware Trading Up 1.0 %

Shares of VMW stock opened at $120.55 on Friday. The company has a market cap of $51.29 billion, a P/E ratio of 39.14, a PEG ratio of 1.40 and a beta of 0.72. The stock has a 50 day simple moving average of $119.84 and a two-hundred day simple moving average of $116.81. The company has a debt-to-equity ratio of 12.02, a quick ratio of 0.70 and a current ratio of 0.70. VMware, Inc. has a fifty-two week low of $91.53 and a fifty-two week high of $132.15.

About VMware

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VMware, Inc engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.