US Bancorp DE decreased its position in shares of VMware, Inc. (NYSE:VMW) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,685 shares of the virtualization software provider’s stock after selling 678 shares during the quarter. US Bancorp DE’s holdings in VMware were worth $1,360,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMW. Amundi Pioneer Asset Management Inc. increased its holdings in shares of VMware by 51.6% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 56,248 shares of the virtualization software provider’s stock valued at $10,153,000 after acquiring an additional 19,154 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in VMware by 4.5% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 8,277 shares of the virtualization software provider’s stock worth $1,189,000 after buying an additional 354 shares in the last quarter. NEXT Financial Group Inc bought a new stake in VMware during the third quarter worth $36,000. Harbor Investment Advisory LLC grew its holdings in VMware by 121.8% during the third quarter. Harbor Investment Advisory LLC now owns 448 shares of the virtualization software provider’s stock worth $64,000 after buying an additional 246 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in VMware by 13.1% during the third quarter. Pinnacle Associates Ltd. now owns 6,128 shares of the virtualization software provider’s stock worth $880,000 after buying an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 16.90% of the company’s stock.
VMW has been the subject of several recent research reports. Zacks Investment Research downgraded VMware from a “hold” rating to a “strong sell” rating and set a $117.00 price target for the company. in a report on Tuesday, February 2nd. UBS Group decreased their price target on VMware from $152.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, January 14th. Piper Sandler upped their price target on VMware from $170.00 to $179.00 in a report on Wednesday, November 25th. Barclays decreased their price target on VMware from $187.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, November 25th. Finally, Cleveland Research cut VMware from a “buy” rating to a “neutral” rating in a research report on Thursday, February 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $166.91.
VMware (NYSE:VMW) last issued its quarterly earnings data on Monday, November 23rd. The virtualization software provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.22. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. VMware had a return on equity of 27.10% and a net margin of 13.75%. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, research analysts forecast that VMware, Inc. will post 4.72 earnings per share for the current fiscal year.
In related news, COO Rangarajan (Raghu) Raghuram sold 5,942 shares of the stock in a transaction dated Friday, February 5th. The stock was sold at an average price of $145.62, for a total transaction of $865,274.04. Following the sale, the chief operating officer now owns 197,975 shares of the company’s stock, valued at approximately $28,829,119.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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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