Spark Investment Management LLC lessened its holdings in VMware, Inc. (NYSE:VMW) by 39.2% in the first quarter, HoldingsChannel.com reports. The firm owned 31,000 shares of the virtualization software provider’s stock after selling 20,000 shares during the period. Spark Investment Management LLC’s holdings in VMware were worth $5,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Motley Fool Asset Management LLC lifted its holdings in VMware by 35.9% during the 1st quarter. Motley Fool Asset Management LLC now owns 7,284 shares of the virtualization software provider’s stock worth $1,315,000 after purchasing an additional 1,926 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in VMware during the 1st quarter worth about $256,000. Raymond James & Associates lifted its holdings in VMware by 4.5% during the 1st quarter. Raymond James & Associates now owns 156,770 shares of the virtualization software provider’s stock worth $28,299,000 after purchasing an additional 6,793 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in VMware by 11.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 12,637 shares of the virtualization software provider’s stock worth $2,281,000 after purchasing an additional 1,254 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in VMware by 5.8% during the 1st quarter. CIBC Asset Management Inc now owns 17,174 shares of the virtualization software provider’s stock worth $3,100,000 after purchasing an additional 949 shares in the last quarter. Hedge funds and other institutional investors own 17.74% of the company’s stock.
NYSE:VMW opened at $203.64 on Friday. VMware, Inc. has a twelve month low of $129.33 and a twelve month high of $206.80. The stock has a market capitalization of $84.35 billion, a price-to-earnings ratio of 42.29, a price-to-earnings-growth ratio of 3.15 and a beta of 0.81. The company has a debt-to-equity ratio of 7.70, a quick ratio of 0.99 and a current ratio of 0.99.
VMW has been the topic of a number of recent research reports. Bank of America increased their price objective on VMware from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Goldman Sachs Group cut VMware from a “neutral” rating to a “sell” rating and set a $177.00 price objective on the stock. in a report on Wednesday, March 6th. BMO Capital Markets reissued an “outperform” rating and set a $195.00 price objective (up previously from $170.00) on shares of VMware in a report on Friday, March 1st. Raymond James increased their price objective on VMware from $163.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, Wells Fargo & Co increased their price objective on VMware from $155.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. VMware presently has a consensus rating of “Buy” and an average target price of $187.57.
In other news, CEO Patrick P. Gelsinger sold 21,086 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $178.74, for a total transaction of $3,768,911.64. Following the transaction, the chief executive officer now directly owns 277,920 shares in the company, valued at approximately $49,675,420.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurizio Carli sold 5,446 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $174.25, for a total value of $948,965.50. Following the transaction, the executive vice president now owns 69,908 shares in the company, valued at $12,181,469. The disclosure for this sale can be found here. Insiders have sold a total of 315,896 shares of company stock worth $58,151,231 over the last quarter. Corporate insiders own 29.90% of the company’s stock.
VMware Company Profile
VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
Featured Article: Cash Flow Analysis in Stock Selection
Want to see what other hedge funds are holding VMW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VMware, Inc. (NYSE:VMW).
Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with MarketBeat.com's FREE daily email newsletter.