180 Wealth Advisors LLC Sells 150 Shares of VMware, Inc. (NYSE:VMW)

Source:-techknowbits.com

180 Wealth Advisors LLC reduced its stake in VMware, Inc. (NYSE:VMW) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,793 shares of the virtualization software provider’s stock after selling 150 shares during the period. 180 Wealth Advisors LLC’s holdings in VMware were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Forte Capital LLC ADV increased its holdings in VMware by 0.3% in the 3rd quarter. Forte Capital LLC ADV now owns 27,083 shares of the virtualization software provider’s stock valued at $4,064,000 after acquiring an additional 80 shares during the last quarter. IFP Advisors Inc increased its holdings in VMware by 79.1% in the 4th quarter. IFP Advisors Inc now owns 197 shares of the virtualization software provider’s stock valued at $30,000 after acquiring an additional 87 shares during the last quarter. Pacific Center for Financial Services increased its holdings in VMware by 94.3% in the 2nd quarter. Pacific Center for Financial Services now owns 206 shares of the virtualization software provider’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in VMware by 2.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,000 shares of the virtualization software provider’s stock valued at $600,000 after acquiring an additional 100 shares during the last quarter. Finally, Psagot Investment House Ltd. increased its holdings in VMware by 9.0% in the 3rd quarter. Psagot Investment House Ltd. now owns 1,388 shares of the virtualization software provider’s stock valued at $208,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 16.83% of the company’s stock.

Get VMware alerts:
Enter Your Email Address

In related news, EVP Maurizio Carli sold 2,075 shares of VMware stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $154.20, for a total transaction of $319,965.00. Following the completion of the transaction, the executive vice president now directly owns 54,375 shares of the company’s stock, valued at approximately $8,384,625. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Zane Rowe sold 6,509 shares of VMware stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $148.40, for a total transaction of $965,935.60. Following the transaction, the chief financial officer now directly owns 121,136 shares of the company’s stock, valued at $17,976,582.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,296 shares of company stock valued at $5,327,054. 28.80% of the stock is owned by corporate insiders.

VMware stock opened at $151.36 on Friday. VMware, Inc. has a twelve month low of $128.69 and a twelve month high of $206.80. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $151.60 and its 200-day moving average price is $156.48. The company has a market cap of $62.39 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86.
VMware (NYSE:VMW) last released its quarterly earnings results on Tuesday, November 26th. The virtualization software provider reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. VMware had a net margin of 67.21% and a return on equity of 61.67%. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the company earned $1.56 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, sell-side analysts expect that VMware, Inc. will post 4.83 earnings per share for the current fiscal year.

A number of analysts have issued reports on the stock. KeyCorp lifted their price target on shares of VMware from $175.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Bank of America restated a “buy” rating and issued a $190.00 target price on shares of VMware in a report on Thursday, November 28th. Stifel Nicolaus boosted their target price on shares of VMware from $150.00 to $178.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Nomura boosted their target price on shares of VMware from $114.00 to $115.00 and gave the stock a “reduce” rating in a report on Wednesday, November 27th. Finally, Piper Jaffray Companies began coverage on shares of VMware in a report on Tuesday, December 10th. They issued an “overweight” rating and a $170.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. VMware currently has a consensus rating of “Buy” and an average price target of $178.14.

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.