Shell Asset Management Co. Sells 1,417 Shares of VMware, Inc. (NYSE:VMW)

Shell Asset Management Co. decreased its stake in shares of VMware, Inc. (NYSE:VMW) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,876 shares of the virtualization software provider’s stock after selling 1,417 shares during the period. Shell Asset Management Co.’s holdings in VMware were worth $6,767,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its position in VMware by 79.1% in the fourth quarter. IFP Advisors Inc now owns 197 shares of the virtualization software provider’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in VMware in the fourth quarter valued at $30,000. Ancora Advisors LLC bought a new position in VMware in the fourth quarter valued at $30,000. NEXT Financial Group Inc grew its position in VMware by 169.2% in the first quarter. NEXT Financial Group Inc now owns 245 shares of the virtualization software provider’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Finally, CWM LLC grew its position in VMware by 558.1% in the fourth quarter. CWM LLC now owns 204 shares of the virtualization software provider’s stock valued at $31,000 after purchasing an additional 173 shares in the last quarter. 17.55% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada decreased their target price on shares of VMware from $200.00 to $183.00 in a research report on Friday, February 28th. Oppenheimer cut their price target on shares of VMware from $200.00 to $165.00 in a research note on Tuesday, March 24th. ValuEngine upgraded shares of VMware from a “hold” rating to a “buy” rating in a research note on Friday, March 6th. Zacks Investment Research upgraded shares of VMware from a “sell” rating to a “hold” rating and set a $140.00 price target for the company in a research note on Monday, May 11th. Finally, Mizuho cut their price target on shares of VMware from $165.00 to $147.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $164.95.

VMware stock traded down $1.96 during midday trading on Friday, hitting $134.60. The company’s stock had a trading volume of 1,368,395 shares, compared to its average volume of 1,032,965. VMware, Inc. has a 1-year low of $86.00 and a 1-year high of $201.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50-day moving average price of $130.91 and a two-hundred day moving average price of $142.41. The company has a market cap of $57.08 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 2.28 and a beta of 0.76.

VMware (NYSE:VMW) last issued its quarterly earnings data on Thursday, February 27th. The virtualization software provider reported $2.05 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.12). VMware had a return on equity of 40.10% and a net margin of 62.27%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the firm earned $1.98 EPS. VMware’s revenue for the quarter was up 11.3% compared to the same quarter last year. Sell-side analysts forecast that VMware, Inc. will post 3.66 EPS for the current year.

In other VMware news, COO Rajiv Ramaswami sold 44,109 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $115.57, for a total value of $5,097,677.13. Following the transaction, the chief operating officer now directly owns 129,320 shares of the company’s stock, valued at approximately $14,945,512.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Zane Rowe sold 14,548 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $118.94, for a total transaction of $1,730,339.12. Following the completion of the transaction, the chief financial officer now directly owns 156,137 shares in the company, valued at $18,570,934.78. The disclosure for this sale can be found here. Insiders sold a total of 181,683 shares of company stock valued at $22,575,871 in the last quarter. Corporate insiders own 28.80% of the company’s stock.

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. 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.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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