VMware, Inc. (NYSE:VMW) Shares Bought by BlackRock Inc.

BlackRock Inc. raised its holdings in VMware, Inc. (NYSE:VMW) by 13.6% during the third quarter, HoldingsChannel.com reports. The firm owned 8,232,104 shares of the virtualization software provider’s stock after buying an additional 982,947 shares during the period. BlackRock Inc.’s holdings in VMware were worth $1,224,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Dodge & Cox raised its position in shares of VMware by 5.1% in the 2nd quarter. Dodge & Cox now owns 7,180,825 shares of the virtualization software provider’s stock valued at $1,148,717,000 after purchasing an additional 345,270 shares in the last quarter. Nordea Investment Management AB raised its position in shares of VMware by 93.8% during the 3rd quarter. Nordea Investment Management AB now owns 4,756,520 shares of the virtualization software provider’s stock valued at $713,288,000 after acquiring an additional 2,302,135 shares in the last quarter. State Street Corp raised its position in shares of VMware by 11.4% during the 2nd quarter. State Street Corp now owns 2,108,263 shares of the virtualization software provider’s stock valued at $337,259,000 after acquiring an additional 215,248 shares in the last quarter. Deutsche Bank AG raised its position in shares of VMware by 12.3% during the 3rd quarter. Deutsche Bank AG now owns 1,948,373 shares of the virtualization software provider’s stock valued at $289,723,000 after acquiring an additional 213,783 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of VMware by 1,944.8% during the 2nd quarter. Invesco Ltd. now owns 1,432,536 shares of the virtualization software provider’s stock valued at $229,161,000 after acquiring an additional 1,362,479 shares in the last quarter. 16.99% of the stock is currently owned by institutional investors.

In other news, EVP Amy Fliegelman Olli sold 6,260 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 27.80% of the company’s stock.

Several equities research analysts recently issued reports on VMW shares. 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 report on Wednesday, November 24th. Royal Bank of Canada dropped their price target on VMware from $180.00 to $153.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 3rd. 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 report on Wednesday, November 24th. TheStreet lowered VMware from a “b” rating to a “c+” rating in a research report on Thursday, November 18th. Finally, Mizuho dropped their target price on VMware from $165.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, November 15th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, VMware has an average rating of “Buy” and an average target price of $154.65.

NYSE:VMW opened at $125.18 on Friday. VMware, Inc. has a 1 year low of $108.80 and a 1 year high of $172.00. The stock has a market cap of $52.42 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.92 and a beta of 0.75. The business has a fifty day moving average of $118.97 and a 200-day moving average of $139.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57.

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

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

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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