Heritage Wealth Management LLC Has $44,000 Stock Holdings in VMware, Inc. (NYSE:VMW)

Heritage Wealth Management LLC trimmed its holdings in VMware, Inc. (NYSE:VMW) by 22.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297 shares of the virtualization software provider’s stock after selling 85 shares during the quarter. Heritage Wealth Management LLC’s holdings in VMware were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in VMW. Edmond DE Rothschild Holding S.A. lifted its stake in shares of VMware by 346.3% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 183 shares of the virtualization software provider’s stock valued at $30,000 after purchasing an additional 142 shares during the period. Destiny Wealth Partners LLC acquired a new position in shares of VMware in the 3rd quarter valued at about $34,000. Berman Capital Advisors LLC lifted its stake in shares of VMware by 147.2% in the 2nd quarter. Berman Capital Advisors LLC now owns 262 shares of the virtualization software provider’s stock valued at $41,000 after purchasing an additional 156 shares during the period. Arlington Partners LLC acquired a new position in shares of VMware in the 3rd quarter valued at about $51,000. Finally, Albion Financial Group UT acquired a new position in shares of VMware in the 3rd quarter valued at about $52,000. 16.99% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on the company. Bank of America dropped their price objective on VMware from $175.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 24th. Deutsche Bank Aktiengesellschaft dropped their price target on VMware from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Wednesday, November 24th. The Goldman Sachs Group dropped their price target on VMware from $159.00 to $136.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 24th. Morgan Stanley reaffirmed a “hold” rating and set a $160.00 price target on shares of VMware in a research note on Friday, October 8th. Finally, Piper Sandler dropped their price target on VMware from $178.00 to $154.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 24th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $154.65.

Shares of VMW opened at $125.18 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a 50 day moving average price of $118.97 and a two-hundred day moving average price of $139.84. The firm has a market capitalization of $52.42 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.92 and a beta of 0.75. VMware, Inc. has a 52 week low of $108.80 and a 52 week high of $172.00.

VMware (NYSE:VMW) last released its earnings results on Tuesday, November 23rd. The virtualization software provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.18. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.12 billion. VMware had a return on equity of 23.17% and a net margin of 16.05%. VMware’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. On average, equities analysts forecast that VMware, Inc. will post 5.05 earnings per share for the current year.

The firm also recently announced a dividend, which was paid on Monday, November 1st. Stockholders of record on Friday, October 29th were issued a $27.40 dividend. The ex-dividend date of this dividend was Tuesday, November 2nd. This is a positive change from VMware’s previous dividend of $26.81.

In other news, EVP Amy Fliegelman Olli sold 6,260 shares of the company’s stock in a transaction that occurred on Wednesday, January 12th. The stock was sold at an average price of $125.00, for a total value of $782,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 27.80% of the company’s stock.

VMware Company Profile

VMware, Inc engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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