VMware, Inc. (NYSE:VMW) Stock Position Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in VMware, Inc. (NYSE:VMW) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,124 shares of the virtualization software provider’s stock after selling 356 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in VMware were worth $3,754,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Moody National Bank Trust Division increased its holdings in shares of VMware by 2.3% during the 2nd quarter. Moody National Bank Trust Division now owns 3,699 shares of the virtualization software provider’s stock valued at $532,000 after acquiring an additional 82 shares during the last quarter. M&T Bank Corp increased its holdings in shares of VMware by 0.6% during the 1st quarter. M&T Bank Corp now owns 14,966 shares of the virtualization software provider’s stock valued at $1,868,000 after acquiring an additional 83 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of VMware by 13.6% during the 1st quarter. Fifth Third Bancorp now owns 710 shares of the virtualization software provider’s stock valued at $89,000 after acquiring an additional 85 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of VMware by 1.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,531 shares of the virtualization software provider’s stock valued at $1,047,000 after acquiring an additional 88 shares during the last quarter. Finally, TCTC Holdings LLC increased its holdings in shares of VMware by 6.3% during the 1st quarter. TCTC Holdings LLC now owns 1,564 shares of the virtualization software provider’s stock valued at $195,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 46.70% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jean Pierre Brulard sold 5,779 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $178.29, for a total transaction of $1,030,337.91. Following the completion of the transaction, the executive vice president now owns 71,053 shares in the company, valued at approximately $12,668,039.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 40.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VMW has been the subject of several recent analyst reports. StockNews.com initiated coverage on VMware in a research note on Thursday, October 5th. They set a “strong-buy” rating for the company. Mizuho increased their target price on VMware from $158.00 to $165.00 in a research note on Friday, September 1st. Monness Crespi & Hardt downgraded VMware from a “buy” rating to a “neutral” rating in a research note on Monday, August 28th. UBS Group increased their target price on VMware from $180.00 to $182.00 and gave the company a “neutral” rating in a research note on Friday, September 1st. Finally, BMO Capital Markets raised their price objective on VMware from $140.00 to $160.00 and gave the stock a “market perform” rating in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, VMware presently has an average rating of “Hold” and a consensus target price of $160.25.

VMware Price Performance

Shares of VMW stock opened at $146.79 on Friday. The stock has a 50 day moving average of $162.56 and a two-hundred day moving average of $149.19. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.71. VMware, Inc. has a 12 month low of $109.00 and a 12 month high of $181.14. The company has a market capitalization of $63.38 billion, a P/E ratio of 44.35 and a beta of 0.71.

VMware (NYSE:VMW) last posted its earnings results on Thursday, August 31st. The virtualization software provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.71 by $0.12. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.45 billion. VMware had a return on equity of 113.34% and a net margin of 10.48%. VMware’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. As a group, equities analysts expect that VMware, Inc. will post 4.92 EPS for the current year.

VMware Profile

VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and 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; and vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with VMware Aria Cloud Management into an integrated stack that delivers ready cloud infrastructure for private and public clouds.