VMware, Inc. (NYSE:VMW) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its stake in shares of VMware, Inc. (NYSE:VMW – Free Report) by 20.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,390 shares of the virtualization software provider’s stock after selling 1,873 shares during the period. Sigma Planning Corp’s holdings in VMware were worth $923,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Handelsbanken Fonder AB raised its stake in VMware by 7.7% during the first quarter. Handelsbanken Fonder AB now owns 34,030 shares of the virtualization software provider’s stock valued at $4,249,000 after buying an additional 2,429 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of VMware by 491.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,116 shares of the virtualization software provider’s stock valued at $514,000 after acquiring an additional 3,420 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of VMware during the 4th quarter valued at approximately $355,000. Balentine LLC boosted its holdings in VMware by 12.3% in the fourth quarter. Balentine LLC now owns 10,102 shares of the virtualization software provider’s stock worth $1,240,000 after purchasing an additional 1,106 shares during the period. Finally, Empowered Funds LLC bought a new stake in VMware during the first quarter valued at $270,000. Institutional investors own 46.00% of the company’s stock.

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VMware Trading Down 1.2 %

VMware stock opened at $156.48 on Thursday. The firm has a 50 day simple moving average of $147.99 and a 200-day simple moving average of $131.09. The company has a debt-to-equity ratio of 5.06, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $67.34 billion, a PE ratio of 51.64 and a beta of 0.74. VMware, Inc. has a 12-month low of $103.55 and a 12-month high of $170.00.

VMware (NYSE:VMW – Get Free Report) last posted its quarterly earnings data on Thursday, June 1st. The virtualization software provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.06). The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.31 billion. VMware had a return on equity of 162.41% and a net margin of 9.57%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. As a group, equities research analysts expect that VMware, Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling

In other VMware news, EVP Jean Pierre Brulard sold 3,600 shares of VMware stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $141.51, for a total transaction of $509,436.00. Following the transaction, the executive vice president now owns 103,905 shares of the company’s stock, valued at approximately $14,703,596.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 40.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on VMW shares. Mizuho lifted their target price on VMware from $135.00 to $138.00 in a research note on Friday, June 2nd. UBS Group upped their target price on shares of VMware from $151.00 to $161.00 in a research report on Friday, June 2nd. BMO Capital Markets lifted their price target on VMware from $139.00 to $140.00 in a report on Wednesday, June 7th. Piper Sandler increased their price objective on VMware from $125.00 to $134.00 in a report on Friday, June 2nd. Finally, StockNews.com raised VMware from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th.

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About VMware

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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.

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