Atria Investments LLC Takes $1.03 Million Position in VMware, Inc. (NYSE:VMW)

Atria Investments LLC bought a new stake in VMware, Inc. (NYSE:VMWGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,021 shares of the virtualization software provider’s stock, valued at approximately $1,027,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vienna Asset Management LLC acquired a new stake in shares of VMware in the 4th quarter valued at $31,000. Avondale Wealth Management acquired a new stake in shares of VMware in the 1st quarter valued at $31,000. Rockbridge Investment Management LCC bought a new position in shares of VMware in the 4th quarter worth $33,000. Horizon Financial Services LLC bought a new position in shares of VMware in the 4th quarter worth $36,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of VMware in the 4th quarter worth $36,000. 47.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group reduced their price target on VMware from $125.00 to $105.00 in a research report on Monday, May 23rd. Deutsche Bank Aktiengesellschaft raised their price target on VMware from $135.00 to $142.50 in a research report on Tuesday, May 31st. StockNews.com lowered VMware from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 27th. Monness Crespi & Hardt reduced their target price on VMware to $136.00 and set a “sector weight” rating on the stock in a report on Thursday, May 19th. Finally, Raymond James lowered VMware from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 6th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, VMware presently has a consensus rating of “Hold” and a consensus target price of $139.91.

Insider Activity

In other news, EVP Jean Pierre Brulard sold 12,532 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 83,060 shares of the company’s stock, valued at $10,853,450.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Jean Pierre Brulard sold 12,532 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 83,060 shares of the company’s stock, valued at $10,853,450.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Amy Fliegelman Olli sold 18,338 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $125.00, for a total value of $2,292,250.00. Following the completion of the transaction, the executive vice president now directly owns 77,034 shares in the company, valued at approximately $9,629,250. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,369 shares of company stock valued at $5,413,470. 40.30% of the stock is owned by insiders.

VMware Price Performance

Shares of NYSE VMW opened at $115.73 on Thursday. The business’s 50 day moving average price is $117.71 and its two-hundred day moving average price is $116.84. The company has a market cap of $48.77 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.00 and a beta of 0.70. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.90. VMware, Inc. has a twelve month low of $91.53 and a twelve month high of $167.83.

VMware (NYSE:VMWGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The virtualization software provider reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.31). VMware had a return on equity of 41.24% and a net margin of 12.65%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the firm earned $1.24 EPS. VMware’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that VMware, Inc. will post 4.55 EPS for the current year.

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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