Symmetry Partners LLC Sells 2,836 Shares of VMware, Inc. (NYSE:VMW)

Symmetry Partners LLC trimmed its holdings in VMware, Inc. (NYSE:VMWGet Rating) by 59.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,929 shares of the virtualization software provider’s stock after selling 2,836 shares during the quarter. Symmetry Partners LLC’s holdings in VMware were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Financial Management Professionals Inc. raised its holdings in shares of VMware by 13.2% in the first quarter. Financial Management Professionals Inc. now owns 825 shares of the virtualization software provider’s stock valued at $94,000 after buying an additional 96 shares during the last quarter. Parallel Advisors LLC raised its holdings in VMware by 3.3% during the 1st quarter. Parallel Advisors LLC now owns 3,034 shares of the virtualization software provider’s stock worth $353,000 after purchasing an additional 98 shares during the last quarter. Investors Research Corp raised its holdings in VMware by 2.0% during the 1st quarter. Investors Research Corp now owns 5,100 shares of the virtualization software provider’s stock worth $581,000 after purchasing an additional 100 shares during the last quarter. Quent Capital LLC raised its holdings in VMware by 19.3% during the 1st quarter. Quent Capital LLC now owns 687 shares of the virtualization software provider’s stock worth $78,000 after purchasing an additional 111 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in VMware by 3.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,076 shares of the virtualization software provider’s stock worth $350,000 after purchasing an additional 112 shares during the last quarter. 47.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Piper Sandler cut VMware from an “overweight” rating to a “neutral” rating and set a $142.50 price objective for the company. in a report on Thursday, May 26th. Mizuho boosted their price objective on VMware to $138.00 in a report on Friday, May 27th. Jefferies Financial Group decreased their target price on VMware from $125.00 to $105.00 in a research report on Monday, May 23rd. StockNews.com upgraded VMware from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 26th. Finally, Royal Bank of Canada lowered VMware from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 26th. Twelve investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.91.

VMware Trading Down 1.1 %

NYSE VMW opened at $112.44 on Monday. The stock has a market capitalization of $47.56 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 0.98 and a beta of 0.67. The stock’s 50 day moving average price is $116.42 and its two-hundred day moving average price is $114.93. The company has a debt-to-equity ratio of 79.86, a quick ratio of 0.76 and a current ratio of 0.76. VMware, Inc. has a 52 week low of $91.53 and a 52 week high of $167.83.

VMware (NYSE:VMWGet Rating) last released its earnings results on Thursday, August 25th. The virtualization software provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.61 by $0.03. The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.30 billion. VMware had a return on equity of 80.84% and a net margin of 11.97%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 EPS. As a group, analysts anticipate that VMware, Inc. will post 4.58 earnings per share for the current fiscal year.

VMware 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.

Further Reading

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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