VMware, Inc. (NYSE:VMW) Shares Acquired by Vident Investment Advisory LLC

Vident Investment Advisory LLC lifted its holdings in shares of VMware, Inc. (NYSE:VMWGet Rating) by 2.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 76,744 shares of the virtualization software provider’s stock after buying an additional 1,588 shares during the period. Vident Investment Advisory LLC’s holdings in VMware were worth $8,736,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VMW. Dimensional Fund Advisors LP raised its stake in shares of VMware by 101.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 403,863 shares of the virtualization software provider’s stock worth $46,804,000 after buying an additional 203,322 shares during the period. Principal Financial Group Inc. lifted its holdings in VMware by 143.9% in the 4th quarter. Principal Financial Group Inc. now owns 15,003 shares of the virtualization software provider’s stock valued at $1,739,000 after purchasing an additional 8,851 shares in the last quarter. Aviva PLC lifted its holdings in VMware by 172.5% in the 4th quarter. Aviva PLC now owns 66,957 shares of the virtualization software provider’s stock valued at $7,759,000 after purchasing an additional 42,385 shares in the last quarter. TD Asset Management Inc. lifted its holdings in VMware by 1,408.8% in the 4th quarter. TD Asset Management Inc. now owns 287,632 shares of the virtualization software provider’s stock valued at $33,331,000 after purchasing an additional 268,568 shares in the last quarter. Finally, Pictet Asset Management SA lifted its holdings in VMware by 96.9% in the 4th quarter. Pictet Asset Management SA now owns 110,102 shares of the virtualization software provider’s stock valued at $12,759,000 after purchasing an additional 54,185 shares in the last quarter. 47.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VMW. Raymond James lowered VMware from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 6th. Royal Bank of Canada lowered VMware from an “outperform” rating to a “sector perform” rating in a report on Thursday, May 26th. Deutsche Bank Aktiengesellschaft raised their price objective on VMware from $135.00 to $142.50 in a report on Tuesday, May 31st. Piper Sandler lowered VMware from an “overweight” rating to a “neutral” rating and set a $142.50 price objective on the stock. in a report on Thursday, May 26th. Finally, Mizuho raised their target price on VMware to $138.00 in a research note on Friday, May 27th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, VMware currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.91.

VMware Stock Up 1.0 %

Shares of NYSE:VMW opened at $118.12 on Friday. The business has a 50-day moving average price of $116.30 and a 200 day moving average price of $115.02. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 79.86. The company has a market capitalization of $49.78 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 1.03 and a beta of 0.67. VMware, Inc. has a 12-month low of $91.53 and a 12-month high of $167.83.

VMware (NYSE:VMWGet Rating) last announced its earnings results on Thursday, August 25th. The virtualization software provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.03. VMware had a return on equity of 80.84% and a net margin of 11.97%. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same period last year, the business posted $1.18 EPS. VMware’s revenue for the quarter was up 6.3% on a year-over-year basis. Sell-side analysts expect that VMware, Inc. will post 4.58 EPS for the current year.

VMware Company Profile

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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.

See Also

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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