VMware, Inc. (NYSE:VMW) Shares Purchased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System boosted its holdings in VMware, Inc. (NYSE:VMWGet Rating) by 0.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,226 shares of the virtualization software provider’s stock after acquiring an additional 353 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.06% of VMware worth $28,835,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VMW. Silver Lake Group L.L.C. acquired a new stake in VMware in the 4th quarter valued at approximately $4,872,849,000. Dodge & Cox increased its position in shares of VMware by 206.5% during the 4th quarter. Dodge & Cox now owns 25,453,582 shares of the virtualization software provider’s stock valued at $2,949,561,000 after purchasing an additional 17,149,182 shares during the period. BlackRock Inc. increased its position in shares of VMware by 55.2% during the 4th quarter. BlackRock Inc. now owns 12,773,659 shares of the virtualization software provider’s stock valued at $1,480,211,000 after purchasing an additional 4,541,555 shares during the period. State Street Corp increased its position in shares of VMware by 142.8% during the 4th quarter. State Street Corp now owns 5,229,263 shares of the virtualization software provider’s stock valued at $605,967,000 after purchasing an additional 3,075,313 shares during the period. Finally, Laurion Capital Management LP increased its position in shares of VMware by 11,852.2% during the 4th quarter. Laurion Capital Management LP now owns 2,491,197 shares of the virtualization software provider’s stock valued at $288,680,000 after purchasing an additional 2,470,354 shares during the period. 47.04% of the stock is currently owned by institutional investors and hedge funds.

VMware Trading Up 0.2 %

VMW opened at $117.25 on Friday. The stock has a market cap of $49.41 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 1.03 and a beta of 0.67. VMware, Inc. has a 1 year low of $91.53 and a 1 year high of $167.83. The stock has a fifty day moving average price of $118.02 and a 200 day moving average price of $116.47.

VMware (NYSE:VMWGet Rating) last released its quarterly earnings data on Thursday, May 26th. The virtualization software provider reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.31). VMware had a net margin of 12.65% and a return on equity of 41.24%. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the business posted $1.24 EPS. VMware’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that VMware, Inc. will post 4.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VMW has been the topic of several research analyst reports. Raymond James cut VMware from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 6th. Monness Crespi & Hardt lowered their price target on VMware to $136.00 and set a “sector weight” rating on the stock in a research report on Thursday, May 19th. Jefferies Financial Group lowered their price target on VMware from $125.00 to $105.00 in a research report on Monday, May 23rd. Piper Sandler lowered VMware from an “overweight” rating to a “neutral” rating and set a $142.50 price objective for the company. in a research note on Thursday, May 26th. Finally, StockNews.com lowered VMware from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 27th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $139.91.

Insider Buying and Selling at VMware

In other VMware news, EVP Jean Pierre Brulard sold 12,532 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $130.67, for a total transaction of $1,637,556.44. Following the transaction, the executive vice president now directly owns 83,060 shares in the company, valued at $10,853,450.20. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Zane Rowe sold 9,148 shares of VMware stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $129.05, for a total value of $1,180,549.40. Following the transaction, the chief financial officer now directly owns 189,117 shares in the company, valued at $24,405,548.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jean Pierre Brulard sold 12,532 shares of VMware stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $130.67, for a total value of $1,637,556.44. Following the completion of the transaction, the executive vice president now owns 83,060 shares in the company, valued at $10,853,450.20. The disclosure for this sale can be found here. Insiders have sold a total of 42,369 shares of company stock worth $5,413,470 over the last three months. Corporate insiders own 40.30% of the company’s stock.

VMware Profile

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VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital 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; vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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