Huntington National Bank trimmed its stake in VMware, Inc. (NYSE:VMW) by 26.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286 shares of the virtualization software provider’s stock after selling 101 shares during the period. Huntington National Bank’s holdings in VMware were worth $52,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of VMW. Captrust Financial Advisors increased its stake in VMware by 217.6% in the 4th quarter. Captrust Financial Advisors now owns 216 shares of the virtualization software provider’s stock worth $30,000 after buying an additional 148 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in VMware in the 4th quarter worth $35,000. Rational Advisors LLC increased its stake in VMware by 10,166.7% in the 4th quarter. Rational Advisors LLC now owns 308 shares of the virtualization software provider’s stock worth $42,000 after buying an additional 305 shares in the last quarter. Taylor Frigon Capital Management LLC purchased a new stake in VMware in the 4th quarter worth $45,000. Finally, NuWave Investment Management LLC increased its stake in VMware by 11,400.0% in the 4th quarter. NuWave Investment Management LLC now owns 345 shares of the virtualization software provider’s stock worth $47,000 after buying an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 17.92% of the company’s stock.
Shares of VMware stock opened at $189.07 on Thursday. The stock has a market cap of $77.92 billion, a PE ratio of 38.35, a PEG ratio of 3.03 and a beta of 0.77. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 7.70. VMware, Inc. has a twelve month low of $129.33 and a twelve month high of $194.24.
In related news, CEO Patrick P. Gelsinger sold 21,086 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $178.74, for a total value of $3,768,911.64. Following the completion of the transaction, the chief executive officer now owns 277,920 shares of the company’s stock, valued at approximately $49,675,420.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Sanjay Poonen sold 50,000 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $182.60, for a total transaction of $9,130,000.00. Following the completion of the transaction, the chief operating officer now directly owns 308,556 shares of the company’s stock, valued at approximately $56,342,325.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 278,577 shares of company stock valued at $50,633,077. Company insiders own 29.90% of the company’s stock.
A number of equities research analysts have issued reports on the company. Wedbush increased their price target on VMware from $190.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Mizuho assumed coverage on VMware in a research note on Wednesday, March 13th. They issued a “neutral” rating and a $160.00 price target for the company. Goldman Sachs Group lowered VMware from a “neutral” rating to a “sell” rating and set a $177.00 price target for the company. in a research note on Wednesday, March 6th. Nomura set a $130.00 price target on VMware and gave the stock a “sell” rating in a research note on Friday, March 1st. Finally, Barclays increased their price target on VMware from $168.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $180.48.
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VMware Company Profile
VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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