VMware, Inc. (NYSE:VMW) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB trimmed its stake in shares of VMware, Inc. (NYSE:VMW) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,376,384 shares of the virtualization software provider’s stock after selling 95,109 shares during the quarter. Nordea Investment Management AB’s holdings in VMware were worth $198,887,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VMW. BlackRock Inc. boosted its holdings in VMware by 5.3% in the first quarter. BlackRock Inc. now owns 14,309,491 shares of the virtualization software provider’s stock valued at $1,786,540,000 after purchasing an additional 718,084 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of VMware by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 13,046,294 shares of the virtualization software provider’s stock worth $1,485,582,000 after buying an additional 273,093 shares during the last quarter. State Street Corp boosted its holdings in shares of VMware by 2.7% in the 1st quarter. State Street Corp now owns 5,372,625 shares of the virtualization software provider’s stock valued at $611,781,000 after buying an additional 143,362 shares in the last quarter. Deutsche Bank AG grew its position in shares of VMware by 29.8% in the 1st quarter. Deutsche Bank AG now owns 4,729,505 shares of the virtualization software provider’s stock valued at $590,479,000 after buying an additional 1,085,259 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in VMware by 5.8% during the 1st quarter. Wellington Management Group LLP now owns 3,408,400 shares of the virtualization software provider’s stock worth $388,115,000 after acquiring an additional 186,229 shares in the last quarter. 46.70% of the stock is owned by hedge funds and other institutional investors.

VMware Stock Down 0.8 %

Shares of VMware stock opened at $166.79 on Friday. The company has a market cap of $71.78 billion, a P/E ratio of 50.39 and a beta of 0.72. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.87 and a current ratio of 0.87. VMware, Inc. has a one year low of $103.55 and a one year high of $170.19. The firm has a fifty day moving average of $160.00 and a two-hundred day moving average of $138.75.

VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, August 31st. The virtualization software provider reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.12. The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.45 billion. VMware had a net margin of 10.48% and a return on equity of 113.34%. VMware’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. On average, analysts forecast that VMware, Inc. will post 4.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VMW. Piper Sandler boosted their target price on VMware from $125.00 to $134.00 in a report on Friday, June 2nd. Monness Crespi & Hardt cut VMware from a “buy” rating to a “neutral” rating in a research note on Monday, August 28th. Mizuho increased their price objective on VMware from $158.00 to $165.00 in a report on Friday, September 1st. StockNews.com raised shares of VMware from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 7th. Finally, BMO Capital Markets upped their target price on shares of VMware from $140.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, VMware has a consensus rating of “Hold” and an average price target of $160.25.

Insiders Place Their Bets

In other VMware news, EVP Jean Pierre Brulard sold 3,600 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $141.51, for a total transaction of $509,436.00. Following the completion of the transaction, the executive vice president now owns 103,905 shares in the company, valued at approximately $14,703,596.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 40.30% of the stock is owned by insiders.

About VMware

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