Disciplined Growth Investors Inc. MN Sells 688 Shares of VMware, Inc. (NYSE:VMW)

Disciplined Growth Investors Inc. MN reduced its position in VMware, Inc. (NYSE:VMWGet Rating) by 17.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,174 shares of the virtualization software provider’s stock after selling 688 shares during the quarter. Disciplined Growth Investors Inc. MN’s holdings in VMware were worth $361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Zions Bancorporation N.A. lifted its position in shares of VMware by 140.2% during the 1st quarter. Zions Bancorporation N.A. now owns 233 shares of the virtualization software provider’s stock worth $27,000 after buying an additional 136 shares during the last quarter. Vienna Asset Management LLC bought a new position in shares of VMware in the fourth quarter worth about $31,000. Avondale Wealth Management acquired a new stake in shares of VMware in the 1st quarter valued at approximately $31,000. Rockbridge Investment Management LCC bought a new stake in shares of VMware during the 4th quarter valued at approximately $33,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in VMware during the 4th quarter worth approximately $36,000. 47.04% of the stock is currently owned by institutional investors and hedge funds.

VMware Stock Up 1.0 %

VMware stock opened at $118.12 on Friday. The firm has a market capitalization of $49.78 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 1.03 and a beta of 0.67. The firm’s fifty day moving average price is $116.30 and its two-hundred day moving average price is $115.02. VMware, Inc. has a 1-year low of $91.53 and a 1-year high of $167.83. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 79.86.

VMware (NYSE:VMWGet Rating) last issued its quarterly earnings data on Thursday, August 25th. The virtualization software provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.61 by $0.03. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.30 billion. VMware had a return on equity of 80.84% and a net margin of 11.97%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 earnings per share. On average, equities research analysts predict that VMware, Inc. will post 4.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VMW. Piper Sandler cut shares of VMware from an “overweight” rating to a “neutral” rating and set a $142.50 target price on the stock. in a research note on Thursday, May 26th. Deutsche Bank Aktiengesellschaft upped their target price on VMware from $135.00 to $142.50 in a report on Tuesday, May 31st. Royal Bank of Canada lowered VMware from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 26th. Monness Crespi & Hardt lowered their price objective on VMware to $136.00 and set a “sector weight” rating for the company in a research note on Thursday, May 19th. Finally, Jefferies Financial Group cut their target price on shares of VMware from $125.00 to $105.00 in a research report on Monday, May 23rd. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, VMware currently has a consensus rating of “Moderate Buy” and an average price target of $139.91.

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.

Further Reading

Institutional Ownership by Quarter for VMware (NYSE:VMW)

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