Vident Investment Advisory LLC decreased its stake in shares of VMware, Inc. (NYSE:VMW) by 33.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,623 shares of the virtualization software provider’s stock after selling 1,311 shares during the quarter. Vident Investment Advisory LLC’s holdings in VMware were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd acquired a new stake in shares of VMware during the 1st quarter worth approximately $106,000. Perigon Wealth Management LLC acquired a new stake in shares of VMware during the 1st quarter worth approximately $121,000. Signet Financial Management LLC acquired a new stake in shares of VMware during the 2nd quarter worth approximately $151,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of VMware during the 1st quarter worth approximately $167,000. Finally, Hilltop Holdings Inc. acquired a new stake in shares of VMware during the 2nd quarter worth approximately $204,000. 20.11% of the stock is owned by institutional investors.
NYSE VMW opened at $152.09 on Monday. VMware, Inc. has a 12-month low of $107.12 and a 12-month high of $165.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market capitalization of $61.88 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57.
Several brokerages have recently commented on VMW. BMO Capital Markets raised their price objective on shares of VMware from $155.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 3rd. Barclays reaffirmed an “overweight” rating and set a $172.00 price objective (up previously from $160.00) on shares of VMware in a research report on Tuesday, July 3rd. TheStreet downgraded shares of VMware from a “b” rating to a “c” rating in a research report on Friday, June 1st. Robert W. Baird reaffirmed a “buy” rating and set a $163.00 price objective on shares of VMware in a research report on Friday, June 1st. Finally, Jefferies Financial Group raised their price objective on shares of VMware to $185.00 and gave the stock a “positive” rating in a research report on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $155.35.
In other VMware news, COO Rajiv Ramaswami sold 6,000 shares of VMware stock in a transaction on Friday, September 14th. The shares were sold at an average price of $160.00, for a total transaction of $960,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider P. Kevan Krysler sold 13,485 shares of VMware stock in a transaction on Thursday, July 5th. The stock was sold at an average price of $158.63, for a total transaction of $2,139,125.55. The disclosure for this sale can be found here. Insiders have sold a total of 128,518 shares of company stock worth $20,027,627 over the last ninety days. Insiders own 29.90% of the company’s stock.
VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.
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