On September 19, 2023, it was reported that 180 Wealth Advisors LLC has reduced its stake in VMware, Inc. (NYSE: VMW) by 17.9% during the second quarter of the year. This information was disclosed in their most recent Form 13F filing with the Securities and Exchange Commission (SEC). The financial firm now holds 3,924 shares of VMware’s stock after selling 855 shares during the quarter. At the end of the reporting period, these holdings were valued at $565,000.
VMware is a virtualization software provider that trades on the New York Stock Exchange under the ticker symbol VMW. As of Tuesday, September 19, 2023, the stock opened at $166.13. The company boasts a market capitalization of $71.73 billion and has a price-to-earnings (P/E) ratio of 50.19. With a current ratio and quick ratio both standing at 0.87, VMware demonstrates a relatively stable liquidity position.
Notably, VMware has found success as a leader in virtualization software solutions, which enable businesses to run multiple operating systems and applications on a single server or computer simultaneously. This technology greatly enhances efficiency and cost-effectiveness for companies utilizing complex IT infrastructures.
Despite its recent decrease in investor interest, VMware has experienced notable growth over the past year. With a strong balance sheet and solid financial performance, it has attracted attention from various investors seeking opportunities within the software industry.
Over the past twelve months, VMware’s stock has fluctuated between $103.55 and $170.19 as its lowest and highest points respectively. Currently trading near its peak value, it is evident that shareholders have seen positive returns on their investment during this period.
In terms of technical analysis, experts believe that observing moving averages can offer insights into future stock performance patterns. VMware’s 50-day moving average stands at $160.51, while its 200-day moving average is $139.54. These figures indicate that the stock has been consistently trending upwards over the past several months.
While this recent decrease in stake by 180 Wealth Advisors LLC may seem significant, it is important to note that investment decisions are influenced by various factors and strategies employed by financial firms. Nonetheless, VMware’s strong market presence and continued growth potential keep it well-positioned within the virtualization software industry.
In conclusion, 180 Wealth Advisors LLC has reduced its stake in VMware, Inc., according to their Form 13F filing with the SEC. VMware is a virtualization software provider experiencing growth and success in the industry. With a current share price of $166.13, the company boasts a high market capitalization of $71.73 billion and attractive stock performance patterns based on moving averages. Despite fluctuations in investor interest, VMware remains an appealing investment option for those seeking exposure to the growing virtualization software market.
Updated on: 19/09/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
4:00 AM (UTC)
Date:18 September, 2023
|Analyst / firm||Rating|
|Robert W. Baird||Buy|
Analyzing Investor Activity and Insider Transactions: Implications for VMware, Inc.’s Future Performance
September 19, 2023 – The investment landscape for VMware, Inc. has seen some notable activity in recent months as various investors adjusted their stakes in the company. Handelsbanken Fonder AB, a prominent investor, increased its stake in the virtualization software provider during the first quarter by 7.7%, now owning 34,030 shares valued at $4,249,000. Similarly, Harbor Capital Advisors Inc. significantly raised its stake in the company by 491.4% in the same period, acquiring 4,116 shares worth $514,000.
Empowered Funds LLC also entered the picture during the first quarter by purchasing a new position in VMware valued at $270,000. Calamos Advisors LLC further increased its stake by an impressive 56.7%, now owning 298,500 shares worth $37,268,000 after acquiring an additional 108,000 shares.
Additionally, EP Wealth Advisors LLC made its mark on VMware by purchasing a new stake worth $3,373,000 during the first quarter. These moves showcase the interest and confidence expressed by these institutional investors toward VMware’s growth potential.
Investors are taking notice of these transactions and considering their implications on VMware’s stock performance moving forward. Hedge funds and other institutional investors currently own a significant portion of approximately 46.70% of the company’s stock.
In related news concerning company insiders’ activities impacting stock ownership percentages, EVP Jean Pierre Brulard sold a notable amount of shares in early July this year. Specifically, Brulard sold 3,600 shares of VMware’s stock with an average price of $141.51 per share for a total value of $509,436.00.
As specified in filings submitted to the Securities & Exchange Commission (SEC), following this transaction Brulard now holds approximately 103,905 shares directly in the company equating to around $14,703,
596.55. This sale is part of an ongoing disclosure process to ensure transparency within the market.
These developments have fueled investor buzz and scrutiny, prompting many to analyze VMware’s performance over time. Interestingly, in the previous earnings release, VMware reported $1.83 EPS for the quarter, surpassing analysts’ expectations by $0.12.
During this period, the company generated a total revenue of $3.41 billion compared to a consensus estimate of $3.45 billion. These results demonstrate a 2.2% increase in revenue on a year-over-year basis.
Furthermore, VMware exhibited an impressive return on equity of 113.34% and a net margin of 10.48%. Worth noting is that during the same period last year, the company achieved earnings per share of $0.99.
Financial experts and equities research analysts are closely monitoring these developments and their impact on VMware’s overall financial outlook moving forward for the current fiscal year. It is crucial to note that as per Bloomberg.com data, VMware currently has an average rating of “Hold,” with four research analysts giving it a neutral rating.
Some notable price target adjustments have also occurred recently from various research analyst reports evaluating VMW stock’s potential trajectory in the market. For example, Mizuho raised its price target from $158 to $165 on September 1st.
UBS Group also increased its price objective from $180 to $182 while maintaining a “neutral” rating on the stock for September 1st evaluations.
Meanwhile, Piper Sandler upped its price objective from $125 to $134 on June 2nd and StockNews.com further upgraded their rating from “buy” to “strong-buy” on September 7th.
Taking a different stance, Monness Crespi & Hardt downgraded their rating from “buy” to “neutral” on August 28th. With these differing ratings and opinions in mind, investors are advised to consider multiple perspectives before making investment decisions.
Overall, the recent shifts in investor stakes and insider stock transactions have added a layer of curiosity and speculation to VMware’s future performance. With financial results exceeding expectations and analysts adjusting price targets, the next fiscal year could prove to be a critical period for this virtualization software provider.