Wellington Shields & Co. LLC Increases Stock Position in VMware, Inc. (NYSE:VMW)

Wellington Shields & Co. LLC increased its holdings in shares of VMware, Inc. (NYSE:VMW) by 25.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the virtualization software provider’s stock after purchasing an additional 400 shares during the period. Wellington Shields & Co. LLC’s holdings in VMware were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in VMW. Stratos Wealth Partners LTD. grew its position in VMware by 4.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,717 shares of the virtualization software provider’s stock worth $247,000 after purchasing an additional 78 shares during the last quarter. Summit X LLC bought a new position in shares of VMware in the third quarter valued at approximately $58,000. Winslow Evans & Crocker Inc. boosted its holdings in shares of VMware by 1.3% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 6,283 shares of the virtualization software provider’s stock valued at $882,000 after acquiring an additional 83 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of VMware by 1.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 8,371 shares of the virtualization software provider’s stock valued at $1,174,000 after acquiring an additional 94 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its holdings in shares of VMware by 4.1% in the third quarter. Wetherby Asset Management Inc. now owns 2,448 shares of the virtualization software provider’s stock valued at $352,000 after acquiring an additional 96 shares in the last quarter. 16.90% of the stock is owned by hedge funds and other institutional investors.

In other VMware news, COO Rangarajan (Raghu) Raghuram sold 5,942 shares of the stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $145.62, for a total value of $865,274.04. Following the completion of the sale, the chief operating officer now owns 197,975 shares in the company, valued at approximately $28,829,119.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 28.50% of the stock is owned by corporate insiders.

Shares of NYSE:VMW traded down $1.67 during mid-day trading on Tuesday, hitting $142.20. The stock had a trading volume of 8,095 shares, compared to its average volume of 1,692,995. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $59.69 billion, a PE ratio of 38.26, a P/E/G ratio of 1.94 and a beta of 0.87. VMware, Inc. has a 12-month low of $86.00 and a 12-month high of $161.95. The company’s 50 day moving average is $140.66 and its 200-day moving average is $118.06.

VMware (NYSE:VMW) last issued its quarterly earnings results on Monday, November 23rd. The virtualization software provider reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.22. VMware had a net margin of 13.75% and a return on equity of 27.10%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. On average, equities research analysts predict that VMware, Inc. will post 4.72 EPS for the current fiscal year.

VMW has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of VMware in a report on Thursday, January 21st. They issued a “neutral” rating and a $150.00 price objective for the company. William Blair cut shares of VMware from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 13th. Piper Sandler increased their price objective on shares of VMware from $170.00 to $179.00 in a report on Wednesday, November 25th. UBS Group reduced their target price on shares of VMware from $152.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, January 14th. Finally, Morgan Stanley raised their target price on shares of VMware from $149.00 to $156.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $166.91.

VMware 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. It 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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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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