OneAscent Financial Services LLC Sells 1,372 Shares of VMware, Inc. (NYSE:VMW)


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OneAscent Financial Services LLC lessened its holdings in VMware, Inc. (NYSE:VMW) by 27.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,557 shares of the virtualization software provider’s stock after selling 1,372 shares during the quarter. OneAscent Financial Services LLC’s holdings in VMware were worth $499,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Great West Life Assurance Co. Can grew 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 worth $13,712,000 after purchasing an additional 3,646,131 shares during the last quarter. First Trust Advisors LP grew 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 worth $302,744,000 after purchasing an additional 552,848 shares during the last quarter. UBS Asset Management Americas Inc. grew 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 worth $466,976,000 after purchasing an additional 536,321 shares during the last quarter. Natixis grew its holdings in shares of VMware by 782.1% in the 3rd quarter. Natixis now owns 354,189 shares of the virtualization software provider’s stock worth $50,886,000 after purchasing an additional 314,038 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew 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 worth $107,321,000 after purchasing an additional 197,756 shares during the last quarter. 18.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VMware stock opened at $133.20 on Thursday. The business has a fifty day simple moving average of $141.56 and a two-hundred day simple moving average of $105.63. VMware, Inc. has a 1 year low of $86.00 and a 1 year high of $163.17. The company has a market capitalization of $55.91 billion, a price-to-earnings ratio of 31.42, a P/E/G 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 (NYSE:VMW) last posted its earnings results on Monday, November 23rd. The virtualization software provider reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.22. VMware had a return on equity of 27.92% and a net margin of 15.94%. During the same quarter in the prior year, the company earned $1.16 earnings per share. As a group, equities analysts anticipate that VMware, Inc. will post 4.4 earnings per share for the current fiscal year.

In other news, COO Rajiv Ramaswami sold 2,490 shares of VMware 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 completion of the sale, the chief operating officer now owns 44,572 shares of the company’s stock, valued at $6,685,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Zane Rowe sold 18,000 shares of VMware stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $130.07, for a total value 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 approximately $13,360,009.98. The disclosure for this sale can be found here. 28.50% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on VMW shares. Morgan Stanley upped their target price on shares of VMware from $149.00 to $156.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 25th. BMO Capital Markets downgraded shares of VMware from an “outperform” rating to a “market perform” rating in a research report on Wednesday. KeyCorp increased their price target on shares of VMware from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 20th. UBS Group cut their price target on shares of VMware from $155.00 to $152.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 25th. Finally, Barclays cut their price target on shares of VMware from $187.00 to $180.00 and set an “overweight” rating on the stock in a research report 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. The stock presently has a consensus rating of “Buy” and an average price target of $169.92.

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. 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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