VMware, Inc. (NYSE:VMW) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lessened its stake in VMware, Inc. (NYSE:VMW) by 17.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,924 shares of the virtualization software provider’s stock after selling 855 shares during the quarter. 180 Wealth Advisors LLC’s holdings in VMware were worth $565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Handelsbanken Fonder AB increased its stake in shares of VMware by 7.7% in the 1st quarter. Handelsbanken Fonder AB now owns 34,030 shares of the virtualization software provider’s stock valued at $4,249,000 after purchasing an additional 2,429 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of VMware by 491.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,116 shares of the virtualization software provider’s stock valued at $514,000 after purchasing an additional 3,420 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of VMware in the 1st quarter valued at about $270,000. Calamos Advisors LLC increased its stake in shares of VMware by 56.7% in the 1st quarter. Calamos Advisors LLC now owns 298,500 shares of the virtualization software provider’s stock valued at $37,268,000 after purchasing an additional 108,000 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of VMware in the 1st quarter valued at about $3,373,000. Institutional investors and hedge funds own 46.70% of the company’s stock.

VMware Price Performance

VMW stock opened at $166.13 on Tuesday. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50 day simple moving average of $160.51 and a 200-day simple moving average of $139.54. The firm has a market capitalization of $71.73 billion, a PE ratio of 50.19 and a beta of 0.72. VMware, Inc. has a 1 year low of $103.55 and a 1 year high of $170.19.

VMware (NYSE:VMW) last posted its quarterly earnings results on Thursday, August 31st. The virtualization software provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.12. VMware had a return on equity of 113.34% and a net margin of 10.48%. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the business earned $0.99 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that VMware, Inc. will post 4.92 earnings per share for the current fiscal year.

Insider Activity at VMware

In other VMware news, EVP Jean Pierre Brulard sold 3,600 shares of the company’s stock in a transaction on 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 directly owns 103,905 shares in the company, valued at $14,703,596.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 40.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

VMW has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on VMware from $140.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, September 1st. StockNews.com upgraded VMware from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. Monness Crespi & Hardt lowered VMware from a “buy” rating to a “neutral” rating in a research note on Monday, August 28th. Piper Sandler boosted their price objective on VMware from $125.00 to $134.00 in a research note on Friday, June 2nd. Finally, UBS Group boosted their price objective on VMware from $180.00 to $182.00 and gave the stock a “neutral” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $160.25.

VMware Profile

VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and 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; and vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with VMware Aria Cloud Management into an integrated stack that delivers ready cloud infrastructure for private and public clouds.