California State Teachers Retirement System Sells 2,159 Shares of VMware, Inc. (NYSE:VMW)

California State Teachers Retirement System lessened its holdings in VMware, Inc. (NYSE:VMW – Get Rating) by 0.6% during the third quarter, HoldingsChannel reports. The firm owned 355,159 shares of the virtualization software provider’s stock after selling 2,159 shares during the quarter. California State Teachers Retirement System’s holdings in VMware were worth $37,810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC bought a new position in VMware in the 1st quarter valued at approximately $928,000. Yousif Capital Management LLC lifted its stake in shares of VMware by 59.7% in the 1st quarter. Yousif Capital Management LLC now owns 4,648 shares of the virtualization software provider’s stock valued at $529,000 after acquiring an additional 1,738 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of VMware by 24.7% during the 1st quarter. Blair William & Co. IL now owns 8,837 shares of the virtualization software provider’s stock valued at $1,006,000 after acquiring an additional 1,752 shares in the last quarter. Aviva PLC grew its position in VMware by 8.0% during the 1st quarter. Aviva PLC now owns 72,308 shares of the virtualization software provider’s stock worth $8,234,000 after acquiring an additional 5,351 shares during the last quarter. Finally, Prudential PLC acquired a new position in VMware in the 1st quarter worth about $419,000. Institutional investors own 45.85% of the company’s stock.

Insider Transactions at VMware

In other news, EVP Jean Pierre Brulard sold 6,651 shares of the stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $121.01, for a total transaction of $804,837.51. Following the completion of the sale, the executive vice president now directly owns 69,563 shares in the company, valued at $8,417,818.63. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 40.30% of the company’s stock.

VMware Stock Performance

Shares of VMW stock opened at $118.27 on Friday. The stock has a market capitalization of $50.32 billion, a PE ratio of 38.40, a PEG ratio of 1.43 and a beta of 0.72. The business’s 50 day simple moving average is $119.68 and its 200 day simple moving average is $116.81. The company has a debt-to-equity ratio of 12.02, a current ratio of 0.70 and a quick ratio of 0.70. VMware, Inc. has a one year low of $91.53 and a one year high of $132.15.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VMW shares. UBS Group lifted their price target on VMware from $131.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday, February 7th. BMO Capital Markets cut their target price on shares of VMware from $142.50 to $139.00 and set a “market perform” rating on the stock in a research report on Monday, March 6th. Finally, StockNews.com began coverage on shares of VMware in a research report on Thursday. They issued a “strong-buy” rating for the company. Seven analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, VMware presently has a consensus rating of “Hold” and a consensus price target of $135.88.

VMware Profile

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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.