United Capital Financial Advisers LLC reduced its position in shares of VMware, Inc. (NYSE:VMW – Get Rating) by 25.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,134 shares of the virtualization software provider’s stock after selling 742 shares during the period. United Capital Financial Advisers LLC’s holdings in VMware were worth $227,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dodge & Cox increased its stake in VMware by 4.0% in the second quarter. Dodge & Cox now owns 28,032,926 shares of the virtualization software provider’s stock valued at $3,195,193,000 after purchasing an additional 1,079,633 shares during the last quarter. Vanguard Group Inc. raised its stake in VMware by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 13,046,294 shares of the virtualization software provider’s stock worth $1,485,582,000 after acquiring an additional 273,093 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in VMware by 16.8% in the second quarter. UBS Asset Management Americas Inc. now owns 5,819,565 shares of the virtualization software provider’s stock valued at $663,314,000 after acquiring an additional 836,024 shares during the last quarter. State Street Corp boosted its stake in VMware by 2.7% in the first quarter. State Street Corp now owns 5,372,625 shares of the virtualization software provider’s stock valued at $611,781,000 after acquiring an additional 143,362 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of VMware by 5.8% during the first quarter. Wellington Management Group LLP now owns 3,408,400 shares of the virtualization software provider’s stock worth $388,115,000 after purchasing an additional 186,229 shares during the last quarter. Institutional investors and hedge funds own 45.85% of the company’s stock.
VMware Price Performance
Shares of NYSE VMW opened at $120.20 on Thursday. The stock has a fifty day moving average price of $120.32 and a 200 day moving average price of $116.82. VMware, Inc. has a 1-year low of $91.53 and a 1-year high of $132.15. The company has a debt-to-equity ratio of 12.02, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $51.14 billion, a PE ratio of 39.03, a P/E/G ratio of 1.51 and a beta of 0.72.
Insiders Place Their Bets
Analysts Set New Price Targets
Several analysts have recently weighed in on VMW shares. BMO Capital Markets reduced their target price on VMware from $142.50 to $139.00 and set a “market perform” rating for the company in a report on Monday. StockNews.com raised VMware from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 15th. Mizuho cut their target price on shares of VMware from $138.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, November 15th. Finally, UBS Group increased their price target on shares of VMware from $131.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 7th. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $135.88.
VMware Profile
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.
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