Banque Cantonale Vaudoise Sells 6,668 Shares of VMware, Inc. (NYSE:VMW)

Banque Cantonale Vaudoise lessened its position in VMware, Inc. (NYSE:VMW – Get Rating) by 55.6% in the 4th quarter, Holdings Channel reports. The firm owned 5,320 shares of the virtualization software provider’s stock after selling 6,668 shares during the period. Banque Cantonale Vaudoise’s holdings in VMware were worth $653,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VMW. Accurate Wealth Management LLC acquired a new position in shares of VMware in the fourth quarter valued at approximately $27,000. Zions Bancorporation N.A. boosted its holdings in shares of VMware by 140.2% in the first quarter. Zions Bancorporation N.A. now owns 233 shares of the virtualization software provider’s stock valued at $27,000 after buying an additional 136 shares during the period. James Investment Research Inc. acquired a new position in shares of VMware in the fourth quarter valued at approximately $29,000. Romano Brothers AND Company acquired a new position in shares of VMware in the fourth quarter valued at approximately $32,000. Finally, Guardian Wealth Advisors LLC acquired a new position in shares of VMware in the third quarter valued at approximately $37,000. Institutional investors own 45.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VMW. StockNews.com began coverage on shares of VMware in a report on Thursday, May 18th. They issued a “strong-buy” rating for the company. Piper Sandler reduced their target price on shares of VMware from $142.50 to $125.00 in a report on Thursday, April 27th. BMO Capital Markets reduced their target price on shares of VMware from $142.50 to $139.00 and set a “market perform” rating for the company in a report on Monday, March 6th. 1-800-FLOWERS.COM restated a “maintains” rating on shares of VMware in a report on Thursday, April 27th. Finally, UBS Group increased their target price on shares of VMware from $131.00 to $147.00 and gave the stock a “neutral” rating in a report on Tuesday, February 7th. Six investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, VMware currently has a consensus rating of “Hold” and an average target price of $137.70.

Insider Activity

In other news, CFO Zane Rowe sold 35,715 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $124.53, for a total value of $4,447,588.95. Following the transaction, the chief financial officer now directly owns 174,162 shares of the company’s stock, valued at $21,688,393.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 40.30% of the company’s stock.

VMware Stock Performance

Shares of VMW stock opened at $127.86 on Friday. The stock has a market cap of $54.79 billion, a P/E ratio of 41.51, a P/E/G ratio of 2.82 and a beta of 0.72. The company has a debt-to-equity ratio of 6.15, a current ratio of 0.83 and a quick ratio of 0.83. The company has a fifty day moving average price of $123.77 and a two-hundred day moving average price of $121.06. VMware, Inc. has a one year low of $103.55 and a one year high of $132.15.

VMware (NYSE:VMW – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The virtualization software provider reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.13. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. VMware had a net margin of 9.84% and a return on equity of 327.30%. As a group, equities analysts predict that VMware, Inc. will post 4.89 EPS for the current year.

About VMware

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VMware, Inc engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.