Ritholtz Wealth Management decreased its holdings in VMware, Inc. (NYSE:VMW – Free Report) by 14.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,199 shares of the virtualization software provider’s stock after selling 377 shares during the period. Ritholtz Wealth Management’s holdings in VMware were worth $275,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Two Sigma Investments LP increased its stake in shares of VMware by 11.2% in the third quarter. Two Sigma Investments LP now owns 361,215 shares of the virtualization software provider’s stock worth $38,455,000 after purchasing an additional 36,308 shares in the last quarter. Baystate Wealth Management LLC boosted its position in shares of VMware by 49.5% in the fourth quarter. Baystate Wealth Management LLC now owns 828 shares of the virtualization software provider’s stock valued at $102,000 after acquiring an additional 274 shares during the period. Bleakley Financial Group LLC bought a new position in shares of VMware in the fourth quarter valued at approximately $355,000. Balentine LLC boosted its position in shares of VMware by 12.3% in the fourth quarter. Balentine LLC now owns 10,102 shares of the virtualization software provider’s stock valued at $1,240,000 after acquiring an additional 1,106 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of VMware in the first quarter valued at approximately $270,000. Hedge funds and other institutional investors own 46.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of VMware from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. 1-800-FLOWERS.COM restated a “maintains” rating on shares of VMware in a research report on Thursday, April 27th. BMO Capital Markets lifted their target price on shares of VMware from $139.00 to $140.00 in a research report on Wednesday, June 7th. Mizuho lifted their target price on shares of VMware from $135.00 to $138.00 in a research report on Friday, June 2nd. Finally, Piper Sandler lifted their target price on shares of VMware from $125.00 to $134.00 in a research report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $143.25.
VMware Trading Down 0.2 %
VMware (NYSE:VMW – Free Report) last posted its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.06). The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.31 billion. VMware had a return on equity of 162.41% and a net margin of 9.57%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. Analysts expect that VMware, Inc. will post 4.46 earnings per share for the current fiscal year.
VMware Profile
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.
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