Summit Financial Wealth Advisors LLC lowered its position in shares of VMware, Inc. (NYSE:VMW) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,240 shares of the virtualization software provider’s stock after selling 130 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in VMware were worth $667,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMW. Advantage Investment Management LLC bought a new position in shares of VMware during the first quarter valued at about $139,000. Financial Architects Inc bought a new position in shares of VMware during the first quarter valued at about $140,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of VMware by 34.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,887 shares of the virtualization software provider’s stock valued at $149,000 after buying an additional 483 shares during the period. Penserra Capital Management LLC raised its position in shares of VMware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock valued at $169,000 after buying an additional 160 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of VMware by 7.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,452 shares of the virtualization software provider’s stock valued at $193,000 after buying an additional 168 shares during the period. Hedge funds and other institutional investors own 21.88% of the company’s stock.

Institutional Ownership by Quarter for VMware (NYSE:VMW)

VMware, Inc. (NYSE:VMW) traded up 0.04% during midday trading on Friday, hitting $96.81. 823,821 shares of the stock were exchanged. The company has a market cap of $39.56 billion, a PE ratio of 34.85 and a beta of 0.97. VMware, Inc. has a 12 month low of $55.12 and a 12 month high of $97.36. The firm’s 50 day moving average price is $93.38 and its 200 day moving average price is $87.26.

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VMW has been the subject of several research reports. BTIG Research initiated coverage on shares of VMware in a research report on Monday, April 17th. They issued a “neutral” rating for the company. Zacks Investment Research upgraded shares of VMware from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Monday, April 3rd. Deutsche Bank AG upped their target price on shares of VMware from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Drexel Hamilton reiterated a “buy” rating and issued a $105.00 target price on shares of VMware in a research report on Thursday, April 6th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $105.00 target price on shares of VMware in a research report on Friday, March 17th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and eighteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $88.37.

In other news, COO Sanjay Poonen sold 1,889 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $89.04, for a total value of $168,196.56. Following the sale, the chief operating officer now directly owns 182,569 shares of the company’s stock, valued at approximately $16,255,943.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Egon Durban sold 666,354 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $89.14, for a total transaction of $59,398,795.56. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

VMware Company Profile

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).

12 Month Chart for NYSE:VMW

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