Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of VMware, Inc. (NYSE:VMW) by 60.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 35,834 shares of the virtualization software provider’s stock after selling 55,300 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in VMware were worth $5,549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VMW. NEXT Financial Group Inc grew its position in VMware by 169.2% during the 1st quarter. NEXT Financial Group Inc now owns 245 shares of the virtualization software provider’s stock worth $30,000 after purchasing an additional 154 shares in the last quarter. Jacobi Capital Management LLC grew its position in VMware by 6,773.0% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,543 shares of the virtualization software provider’s stock worth $42,000 after purchasing an additional 2,506 shares in the last quarter. Ameritas Investment Company LLC grew its position in VMware by 931.7% during the 1st quarter. Ameritas Investment Company LLC now owns 423 shares of the virtualization software provider’s stock worth $50,000 after purchasing an additional 382 shares in the last quarter. Federated Hermes Inc. grew its position in VMware by 6,700.0% during the 1st quarter. Federated Hermes Inc. now owns 476 shares of the virtualization software provider’s stock worth $58,000 after purchasing an additional 469 shares in the last quarter. Finally, TRUE Private Wealth Advisors grew its position in VMware by 212.6% during the 1st quarter. TRUE Private Wealth Advisors now owns 622 shares of the virtualization software provider’s stock worth $75,000 after purchasing an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 17.04% of the company’s stock.

Several equities analysts have recently commented on the stock. Jefferies Financial Group boosted their price target on shares of VMware from $135.00 to $160.00 and gave the company a “hold” rating in a report on Friday, May 29th. Zacks Investment Research cut shares of VMware from a “buy” rating to a “hold” rating and set a $143.00 price target on the stock. in a report on Monday, June 15th. Tigress Financial restated a “buy” rating on shares of VMware in a report on Monday, June 22nd. Bank of America boosted their price target on shares of VMware from $135.00 to $162.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, Wells Fargo & Co boosted their price target on shares of VMware from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $166.78.

In other news, COO Rajiv Ramaswami sold 14,862 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $124.73, for a total transaction of $1,853,737.26. Following the transaction, the chief operating officer now owns 70,596 shares in the company, valued at approximately $8,805,439.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jean Pierre Brulard sold 4,271 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $153.18, for a total transaction of $654,231.78. Following the transaction, the executive vice president now owns 52,926 shares in the company, valued at approximately $8,107,204.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,264 shares of company stock worth $16,242,918. Insiders own 28.50% of the company’s stock.

VMware stock opened at $140.21 on Friday. The firm has a market cap of $58.75 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 2.78 and a beta of 0.81. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.87 and a quick ratio of 0.87. VMware, Inc. has a fifty-two week low of $86.00 and a fifty-two week high of $179.67. The firm has a fifty day moving average price of $144.37 and a two-hundred day moving average price of $138.15.

VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, May 28th. The virtualization software provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.32. VMware had a net margin of 58.44% and a return on equity of 30.45%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the firm posted $1.32 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts expect that VMware, Inc. will post 3.78 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. 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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