Signaturefd LLC Has $431,000 Stock Holdings in VMware, Inc. (NYSE:VMW)

Posted by on Apr 15th, 2023

Signaturefd LLC increased its position in VMware, Inc. (NYSE:VMW – Get Rating) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,510 shares of the virtualization software provider’s stock after buying an additional 164 shares during the period. Signaturefd LLC’s holdings in VMware were worth $431,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Accurate Wealth Management LLC acquired a new stake in shares of VMware in the 4th quarter valued at about $27,000. Zions Bancorporation N.A. grew its stake in shares of VMware by 140.2% in the 1st quarter. Zions Bancorporation N.A. now owns 233 shares of the virtualization software provider’s stock valued at $27,000 after buying an additional 136 shares during the period. Romano Brothers AND Company acquired a new stake in shares of VMware in the 4th quarter valued at about $32,000. Hexagon Capital Partners LLC boosted its stake in VMware by 202.0% during the 3rd 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 during the last quarter. Finally, Guardian Wealth Advisors LLC acquired a new position in VMware during the 3rd quarter valued at about $37,000. 45.85% of the stock is currently owned by institutional investors and hedge funds.

VMware Price Performance

Shares of NYSE VMW opened at $125.90 on Friday. VMware, Inc. has a twelve month low of $91.53 and a twelve month high of $132.15. The stock’s 50 day moving average price is $119.00 and its 200-day moving average price is $117.97. The company has a market capitalization of $53.95 billion, a PE ratio of 40.88, a PEG ratio of 2.82 and a beta of 0.72. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 6.15.

VMware (NYSE:VMW – Get Rating) last announced its earnings results on Thursday, March 2nd. The virtualization software provider reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.13. VMware had a return on equity of 327.30% and a net margin of 9.84%. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. On average, equities analysts anticipate that VMware, Inc. will post 4.89 EPS for the current year.

Wall Street Analysts Forecast Growth

VMW has been the subject of a number of analyst reports. StockNews.com initiated coverage on VMware in a research note on Thursday, March 16th. They set a “strong-buy” rating for the company. UBS Group lifted their price target on VMware from $131.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday, February 7th. Finally, BMO Capital Markets cut their price target on VMware from $142.50 to $139.00 and set a “market perform” rating for the company in a research note on Monday, March 6th. Seven analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, VMware currently has an average rating of “Hold” and an average price target of $135.88.

Insider Transactions at VMware

In related news, CFO Zane Rowe sold 35,715 shares of VMware stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $124.53, for a total value of $4,447,588.95. Following the sale, the chief financial officer now owns 174,162 shares of the company’s stock, valued at approximately $21,688,393.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 40.30% of the company’s stock.

VMware Profile

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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.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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