Campbell Capital Management Inc. decreased its holdings in shares of VMware, Inc. (NYSE:VMW) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,439 shares of the virtualization software provider’s stock after selling 404 shares during the quarter. VMware makes up 3.3% of Campbell Capital Management Inc.’s holdings, making the stock its 8th biggest position. Campbell Capital Management Inc.’s holdings in VMware were worth $7,137,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in VMW. Nordea Investment Management AB lifted its holdings in VMware by 104.7% during the 4th quarter. Nordea Investment Management AB now owns 2,383,556 shares of the virtualization software provider’s stock valued at $334,318,000 after purchasing an additional 1,219,298 shares during the last quarter. FIL Ltd lifted its holdings in shares of VMware by 193.9% during the fourth quarter. FIL Ltd now owns 1,648,216 shares of the virtualization software provider’s stock worth $231,179,000 after buying an additional 1,087,452 shares in the last quarter. Swedbank lifted its holdings in shares of VMware by 20.1% during the fourth quarter. Swedbank now owns 5,104,826 shares of the virtualization software provider’s stock worth $704,721,000 after buying an additional 855,559 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of VMware by 26.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,893,501 shares of the virtualization software provider’s stock worth $265,582,000 after buying an additional 399,889 shares in the last quarter. Finally, Dodge & Cox lifted its holdings in shares of VMware by 4.4% during the fourth quarter. Dodge & Cox now owns 6,471,395 shares of the virtualization software provider’s stock worth $907,678,000 after buying an additional 273,625 shares in the last quarter. 16.90% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:VMW traded down $1.67 during midday trading on Thursday, hitting $151.90. 3,998 shares of the stock were exchanged, compared to its average volume of 1,439,998. The stock has a market capitalization of $63.68 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 0.90. The business’s 50-day moving average price is $146.26 and its 200 day moving average price is $133.01. VMware, Inc. has a 12 month low of $121.78 and a 12 month high of $161.95.
A number of equities research analysts have recently weighed in on VMW shares. Cleveland Research downgraded VMware from a “buy” rating to a “neutral” rating in a report on Thursday, February 11th. Bank of America began coverage on VMware in a report on Thursday. They set a “neutral” rating for the company. Zacks Investment Research raised VMware from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a research note on Thursday, March 4th. UBS Group dropped their price target on VMware from $152.00 to $145.00 and set a “neutral” rating for the company in a research note on Thursday, January 14th. Finally, BMO Capital Markets downgraded VMware from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $157.00 to $148.00 in a research note on Wednesday, January 13th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $170.16.
In related news, Director Patrick P. Gelsinger sold 4,900 shares of VMware stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $149.04, for a total value of $730,296.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Zane Rowe sold 22,000 shares of VMware stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $151.61, for a total value of $3,335,420.00. Following the completion of the transaction, the chief executive officer now directly owns 141,901 shares in the company, valued at $21,513,610.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,105 shares of company stock worth $15,668,712. Company insiders own 28.50% of the company’s stock.
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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