State Street Corp Has $295.47 Million Stock Position in VMware, Inc. (NYSE:VMW)

State Street Corp lowered its position in VMware, Inc. (NYSE:VMW) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,968,981 shares of the virtualization software provider’s stock after selling 19,965 shares during the quarter. State Street Corp owned approximately 0.48% of VMware worth $295,465,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VMW. OneAscent Financial Services LLC bought a new position in shares of VMware during the 2nd quarter valued at $592,000. Wunderlich Capital Managemnt increased its position in VMware by 5.5% during the second quarter. Wunderlich Capital Managemnt now owns 8,311 shares of the virtualization software provider’s stock worth $1,390,000 after buying an additional 432 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in VMware during the second quarter valued at about $126,000. Commerce Bank raised its holdings in VMware by 15.5% during the second quarter. Commerce Bank now owns 2,016 shares of the virtualization software provider’s stock valued at $337,000 after buying an additional 270 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of VMware by 7.7% in the second quarter. BlackRock Inc. now owns 4,444,800 shares of the virtualization software provider’s stock worth $743,215,000 after buying an additional 319,201 shares during the last quarter. Hedge funds and other institutional investors own 16.87% of the company’s stock.

In related news, EVP Maurizio Carli sold 26,899 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $156.37, for a total transaction of $4,206,196.63. Following the transaction, the executive vice president now directly owns 85,390 shares in the company, valued at $13,352,434.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Amy Fliegelman Olli sold 2,753 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $150.00, for a total value of $412,950.00. Following the completion of the sale, the vice president now owns 38,728 shares of the company’s stock, valued at approximately $5,809,200. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,331 shares of company stock worth $12,353,677. Insiders own 28.80% of the company’s stock.

VMW has been the topic of a number of analyst reports. Monness Crespi & Hardt reissued a “hold” rating on shares of VMware in a report on Friday, August 23rd. Raymond James reduced their target price on VMware from $206.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. They noted that the move was a valuation call. ValuEngine cut VMware from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Wells Fargo & Co reiterated a “buy” rating and set a $200.00 price target (up previously from $180.00) on shares of VMware in a report on Wednesday, November 27th. Finally, Nomura lifted their price target on shares of VMware from $114.00 to $115.00 and gave the company a “reduce” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. VMware currently has a consensus rating of “Hold” and an average price target of $178.30.

VMW opened at $149.41 on Wednesday. The business has a 50 day moving average of $160.76 and a 200-day moving average of $163.20. The stock has a market capitalization of $60.97 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 2.41 and a beta of 0.90. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. VMware, Inc. has a 1-year low of $128.69 and a 1-year high of $206.80.

VMware (NYSE:VMW) last released its earnings results on Tuesday, November 26th. The virtualization software provider reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.06. VMware had a net margin of 67.21% and a return on equity of 88.87%. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company earned $1.56 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. Equities analysts predict that VMware, Inc. will post 4.87 EPS for the current year.

VMware Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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