Banque Cantonale Vaudoise Decreases Position in VMware, Inc. (NYSE:VMW)

Banque Cantonale Vaudoise trimmed its position in VMware, Inc. (NYSE:VMWGet Rating) by 35.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,926 shares of the virtualization software provider’s stock after selling 7,766 shares during the quarter. Banque Cantonale Vaudoise’s holdings in VMware were worth $1,586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Silver Lake Group L.L.C. purchased a new stake in VMware during the fourth quarter worth about $4,872,849,000. Dodge & Cox boosted its holdings in VMware by 206.5% during the fourth quarter. Dodge & Cox now owns 25,453,582 shares of the virtualization software provider’s stock worth $2,949,561,000 after buying an additional 17,149,182 shares in the last quarter. BlackRock Inc. boosted its holdings in VMware by 55.2% during the fourth quarter. BlackRock Inc. now owns 12,773,659 shares of the virtualization software provider’s stock worth $1,480,211,000 after buying an additional 4,541,555 shares in the last quarter. State Street Corp lifted its holdings in shares of VMware by 142.8% in the fourth quarter. State Street Corp now owns 5,229,263 shares of the virtualization software provider’s stock valued at $605,967,000 after purchasing an additional 3,075,313 shares in the last quarter. Finally, Laurion Capital Management LP lifted its holdings in shares of VMware by 11,852.2% in the fourth quarter. Laurion Capital Management LP now owns 2,491,197 shares of the virtualization software provider’s stock valued at $288,680,000 after purchasing an additional 2,470,354 shares in the last quarter. 47.04% of the stock is currently owned by institutional investors and hedge funds.

VMware Stock Performance

Shares of NYSE:VMW opened at $117.25 on Friday. VMware, Inc. has a 52 week low of $91.53 and a 52 week high of $167.83. The company’s fifty day moving average is $118.02 and its 200-day moving average is $116.47. The company has a market capitalization of $49.41 billion, a PE ratio of 30.30, a P/E/G ratio of 1.03 and a beta of 0.67.

VMware (NYSE:VMWGet Rating) last released its quarterly earnings results on Thursday, May 26th. The virtualization software provider reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.31). VMware had a net margin of 12.65% and a return on equity of 41.24%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts forecast that VMware, Inc. will post 4.55 EPS for the current year.

Insider Transactions at VMware

In other news, EVP Jean Pierre Brulard sold 12,532 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $130.67, for a total transaction of $1,637,556.44. Following the sale, the executive vice president now owns 83,060 shares in the company, valued at approximately $10,853,450.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Amy Fliegelman Olli sold 18,338 shares of VMware stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $125.00, for a total transaction of $2,292,250.00. Following the sale, the executive vice president now directly owns 77,034 shares of the company’s stock, valued at $9,629,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jean Pierre Brulard sold 12,532 shares of VMware stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $130.67, for a total value of $1,637,556.44. Following the completion of the sale, the executive vice president now owns 83,060 shares of the company’s stock, valued at $10,853,450.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,369 shares of company stock worth $5,413,470. 40.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Raymond James lowered shares of VMware from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 6th. Piper Sandler downgraded shares of VMware from an “overweight” rating to a “neutral” rating and set a $142.50 price objective for the company. in a research note on Thursday, May 26th. Monness Crespi & Hardt decreased their target price on shares of VMware to $136.00 and set a “sector weight” rating for the company in a research note on Thursday, May 19th. StockNews.com downgraded shares of VMware from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of VMware from $135.00 to $142.50 in a research note on Tuesday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $139.91.

VMware 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.

Further Reading

Institutional Ownership by Quarter for VMware (NYSE:VMW)

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