Insider Selling: VMware, Inc. (NYSE:VMW) COO Sells 13,384 Shares of Stock


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VMware, Inc. (NYSE:VMW) COO Sanjay Poonen sold 13,384 shares of VMware stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $160.00, for a total value of $2,141,440.00. Following the transaction, the chief operating officer now owns 302,773 shares in the company, valued at approximately $48,443,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NYSE:VMW traded up $4.02 on Friday, reaching $164.10. The company had a trading volume of 2,318,101 shares, compared to its average volume of 1,420,290. VMware, Inc. has a twelve month low of $121.78 and a twelve month high of $162.89. The stock has a 50-day moving average price of $147.93 and a 200 day moving average price of $135.89. The stock has a market capitalization of $68.80 billion, a P/E ratio of 43.64, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.59.

VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, February 25th. The virtualization software provider reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.78. VMware had a return on equity of 27.10% and a net margin of 13.75%. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.23 billion. On average, sell-side analysts predict that VMware, Inc. will post 4.72 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of VMW. Amundi Pioneer Asset Management Inc. lifted its position in shares of VMware by 51.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 56,248 shares of the virtualization software provider’s stock worth $10,153,000 after purchasing an additional 19,154 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of VMware by 27.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,245 shares of the virtualization software provider’s stock worth $179,000 after purchasing an additional 267 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of VMware by 7.8% during the 3rd quarter. Captrust Financial Advisors now owns 2,989 shares of the virtualization software provider’s stock worth $433,000 after purchasing an additional 215 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of VMware by 1.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 83,019 shares of the virtualization software provider’s stock worth $11,931,000 after purchasing an additional 1,348 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of VMware by 11.7% during the 3rd quarter. IHT Wealth Management LLC now owns 1,867 shares of the virtualization software provider’s stock worth $268,000 after purchasing an additional 196 shares during the last quarter. 16.90% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on VMW. Piper Sandler lifted their price target on VMware from $158.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday. They noted that the move was a valuation call. BMO Capital Markets downgraded VMware from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $157.00 to $148.00 in a report on Wednesday, January 13th. Northland Securities downgraded VMware from an “outperform” rating to a “market perform” rating and set a $169.00 price target on the stock. in a report on Thursday. William Blair downgraded VMware from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 13th. Finally, Cleveland Research downgraded VMware from a “buy” rating to a “neutral” rating in a report on Thursday, February 11th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $171.58.

About VMware

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. It 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.

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Insider Buying and Selling by Quarter for VMware (NYSE:VMW)

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