State of Alaska Department of Revenue Sells 1,485 Shares of VMware, Inc. (NYSE:VMW)


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State of Alaska Department of Revenue lowered its holdings in VMware, Inc. (NYSE:VMW) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,823 shares of the virtualization software provider’s stock after selling 1,485 shares during the quarter. State of Alaska Department of Revenue’s holdings in VMware were worth $3,060,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Great West Life Assurance Co. Can raised its holdings in shares of VMware by 4,464.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,727,802 shares of the virtualization software provider’s stock valued at $13,712,000 after purchasing an additional 3,646,131 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of VMware by 19.8% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 3,250,335 shares of the virtualization software provider’s stock valued at $466,976,000 after purchasing an additional 536,321 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of VMware by 35.6% in the 3rd quarter. First Trust Advisors LP now owns 2,107,217 shares of the virtualization software provider’s stock valued at $302,744,000 after purchasing an additional 552,848 shares in the last quarter. State Street Corp raised its holdings in shares of VMware by 2.8% in the 3rd quarter. State Street Corp now owns 1,984,210 shares of the virtualization software provider’s stock valued at $285,071,000 after purchasing an additional 53,649 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of VMware by 36.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 746,995 shares of the virtualization software provider’s stock valued at $107,321,000 after purchasing an additional 197,756 shares in the last quarter. Institutional investors and hedge funds own 18.54% of the company’s stock.

In related news, CFO Zane Rowe sold 18,000 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $130.07, for a total transaction of $2,341,260.00. Following the sale, the chief financial officer now directly owns 102,714 shares of the company’s stock, valued at $13,360,009.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Rajiv Ramaswami sold 2,490 shares of the stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $150.00, for a total transaction of $373,500.00. Following the sale, the chief operating officer now directly owns 44,572 shares in the company, valued at $6,685,800. The disclosure for this sale can be found here. Corporate insiders own 28.50% of the company’s stock.

Several research firms recently commented on VMW. Mizuho reduced their price objective on shares of VMware from $152.00 to $147.00 and set a “neutral” rating for the company in a research note on Wednesday, November 25th. KeyCorp boosted their price objective on shares of VMware from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 20th. William Blair lowered shares of VMware from an “outperform” rating to a “market perform” rating in a research note on Wednesday. UBS Group reduced their price objective on shares of VMware from $155.00 to $152.00 and set a “neutral” rating for the company in a research note on Wednesday, November 25th. Finally, Morgan Stanley boosted their price objective on shares of VMware from $149.00 to $156.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 25th. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. VMware presently has a consensus rating of “Buy” and an average price target of $169.92.

VMW stock opened at $133.20 on Thursday. The firm’s fifty day simple moving average is $141.56 and its 200-day simple moving average is $105.63. The company has a market capitalization of $55.91 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.88 and a quick ratio of 0.88. VMware, Inc. has a 12 month low of $86.00 and a 12 month high of $163.17.

VMware (NYSE:VMW) last announced its quarterly earnings results on Monday, November 23rd. The virtualization software provider reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.22. VMware had a net margin of 15.94% and a return on equity of 27.92%. During the same quarter in the prior year, the firm earned $1.16 EPS. As a group, sell-side analysts forecast that VMware, Inc. will post 4.4 earnings per share for the current year.

VMware Company Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. It offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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