180 Wealth Advisors LLC Lowers Position in VMware, Inc. (NYSE:VMW)

180 Wealth Advisors LLC decreased its stake in shares of VMware, Inc. (NYSE:VMW) by 17.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,924 shares of the virtualization software provider’s stock after selling 855 shares during the quarter. 180 Wealth Advisors LLC’s holdings in VMware were worth $565,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its stake in VMware by 7.7% during the first quarter. Handelsbanken Fonder AB now owns 34,030 shares of the virtualization software provider’s stock valued at $4,249,000 after buying an additional 2,429 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of VMware by 491.4% in the first quarter. Harbor Capital Advisors Inc. now owns 4,116 shares of the virtualization software provider’s stock worth $514,000 after purchasing an additional 3,420 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of VMware in the first quarter worth $270,000. Calamos Advisors LLC raised its stake in shares of VMware by 56.7% in the first quarter. Calamos Advisors LLC now owns 298,500 shares of the virtualization software provider’s stock worth $37,268,000 after purchasing an additional 108,000 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of VMware in the first quarter worth $3,373,000. Hedge funds and other institutional investors own 46.70% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jean Pierre Brulard sold 3,600 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $141.51, for a total value of $509,436.00. Following the sale, the executive vice president now directly owns 103,905 shares in the company, valued at $14,703,596.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 40.30% of the stock is owned by company insiders.

VMware Price Performance

NYSE:VMW opened at $166.13 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.71. The company has a market capitalization of $71.73 billion, a P/E ratio of 50.19 and a beta of 0.72. VMware, Inc. has a 12 month low of $103.55 and a 12 month high of $170.19. The business’s 50-day moving average is $160.51 and its 200 day moving average is $139.54.

VMware (NYSE:VMW) last posted its earnings results on Thursday, August 31st. The virtualization software provider reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.12. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.45 billion. VMware had a return on equity of 113.34% and a net margin of 10.48%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. On average, equities research analysts forecast that VMware, Inc. will post 4.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VMW has been the subject of several research analyst reports. Mizuho lifted their price objective on VMware from $158.00 to $165.00 in a report on Friday, September 1st. UBS Group lifted their price objective on VMware from $180.00 to $182.00 and gave the stock a “neutral” rating in a report on Friday, September 1st. Piper Sandler upped their price objective on VMware from $125.00 to $134.00 in a research note on Friday, June 2nd. StockNews.com raised VMware from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. Finally, Monness Crespi & Hardt lowered VMware from a “buy” rating to a “neutral” rating in a research note on Monday, August 28th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, VMware currently has an average rating of “Hold” and a consensus price target of $160.25.

VMware Profile

VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; and vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with VMware Aria Cloud Management into an integrated stack that delivers ready cloud infrastructure for private and public clouds.