Advisory Services Network LLC lowered its position in shares of VMware, Inc. (NYSE:VMW) by 19.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 402 shares of the virtualization software provider’s stock after selling 95 shares during the quarter. Advisory Services Network LLC’s holdings in VMware were worth $55,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in VMW. Metropolitan Life Insurance Co. NY grew its stake in VMware by 1.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,467 shares of the virtualization software provider’s stock worth $750,000 after buying an additional 77 shares in the last quarter. Biltmore Wealth Management LLC boosted its position in shares of VMware by 2.0% during the 4th quarter. Biltmore Wealth Management LLC now owns 4,201 shares of the virtualization software provider’s stock worth $576,000 after acquiring an additional 83 shares in the last quarter. Utah Retirement Systems increased its stake in VMware by 0.8% in the fourth quarter. Utah Retirement Systems now owns 13,048 shares of the virtualization software provider’s stock valued at $1,789,000 after acquiring an additional 100 shares during the last quarter. Prudential PLC increased its stake in VMware by 4.2% in the fourth quarter. Prudential PLC now owns 2,500 shares of the virtualization software provider’s stock valued at $343,000 after acquiring an additional 100 shares during the last quarter. Finally, Tredje AP fonden increased its stake in VMware by 2.4% in the fourth quarter. Tredje AP fonden now owns 4,342 shares of the virtualization software provider’s stock valued at $595,000 after acquiring an additional 103 shares during the last quarter. 17.94% of the stock is owned by institutional investors.

In other news, EVP Maurizio Carli sold 36,848 shares of the stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $146.79, for a total value of $5,408,917.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger sold 30,095 shares of the stock in a transaction dated Friday, January 11th. The shares were sold at an average price of $146.78, for a total value of $4,417,344.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 315,520 shares of company stock valued at $54,700,239. Corporate insiders own 29.90% of the company’s stock.

NYSE:VMW opened at $185.70 on Wednesday. The stock has a market cap of $76.37 billion, a PE ratio of 37.67, a PEG ratio of 2.93 and a beta of 0.77. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 7.70. VMware, Inc. has a 1-year low of $120.53 and a 1-year high of $188.51.

VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.10. VMware had a return on equity of 25.50% and a net margin of 26.99%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. As a group, sell-side analysts anticipate that VMware, Inc. will post 4.94 earnings per share for the current year.

Several equities research analysts have weighed in on the company. BMO Capital Markets assumed coverage on VMware in a research note on Thursday, January 10th. They set an “outperform” rating and a $170.00 target price for the company. Goldman Sachs Group assumed coverage on VMware in a research note on Friday, January 11th. They issued a “neutral” rating and a $155.00 price target on the stock. Bank of America boosted their price target on VMware from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Citigroup started coverage on VMware in a report on Tuesday, January 8th. They set a “buy” rating and a $166.00 price target for the company. Finally, KeyCorp dropped their target price on shares of VMware from $199.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, January 4th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. VMware currently has an average rating of “Hold” and an average target price of $179.61.

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About VMware

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. The company 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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