The Vanguard Group, Inc. recently announced the acquisition of new stake in VMware Inc. (NYSE:VMW). The institutional investor has increased its shareholding in the Technology company by 2.03% to 14.21 million shares with purchase of 0.28 million shares. This fresh investment now brings its stake to 3.32% valued currently at $1.78 billion. In addition, Swedbank Robur Fonder AB raised its holdings by 99423.0 to 10.74 million shares. And BlackRock Fund Advisors has lifted its position by 3.39% or 0.29 million shares – to 8.99 million shares.
With over 1.57 million VMware Inc. (VMW) shares trading Tuesday and a closing price of $124.43 on the day, the dollar volume was approximately $194.82 million. The shares have shown a positive half year performance of 6.75% and its price on 05/23/23 lost nearly -0.23%. Currently, there are 426.02M common shares owned by the public and among those 227.28M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for VMW have a consensus price objective of $138.79. The analysts have set the share’s price value over the next 12 months at a high of $151.00 and a low of $125.00. The average price target is 10.95% above its recent price level and an upside to the estimated low will see the stock gain 0.46% over that period. But an upside of 17.6% will see the stock hit the forecast high price target while median target price for the stock is $139.00.
Insiders at the company have transacted a total of 61 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 541,407 shares. Insider sales of the common stock occurred on 44 occasions, with total insider shares sold totaling 319,743 shares.
The top 3 mutual fund holders in VMware Inc. are Dodge & Cox Stock Fund, Vanguard Total Stock Market ETF, and Swedbank Robur Technology. Dodge & Cox Stock Fund owns 16.59 million shares of the company’s stock, all valued at over $2.07 billion. The company sold -0.23 million shares recently to bring their total holdings to about 3.87% of the shares outstanding. Vanguard Total Stock Market ETF bought 72276.0 shares to see its total holdings expand to 7.25 million shares valued at over $905.96 million and representing 1.69% of the shares outstanding. Swedbank Robur Technology bought 100000.0 shares to bring its total holdings to over 4.7 million shares at a value of $587.64 million. Swedbank Robur Technology now owns shares totaling to 1.10% of the shares outstanding.
Shares of VMware Inc. (NYSE: VMW) opened at $125.32, up $0.6 from a prior closing price of $124.72. However, the script later moved the day high at 126.56, down -0.23%. The company’s stock has a 5-day price change of 0.94% and 10.34% over the past three months. VMW shares are trading 1.36% year to date (YTD), with the 12-month market performance up to 30.01% higher. It has a 12-month low price of $103.55 and touched a high of $132.15 over the same period. VMW has an average intraday trading volume of 1.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.28%, 0.92%, and 4.96% respectively.
Institutional ownership of VMware Inc. (NYSE: VMW) shares accounts for 49.10% of the company’s 426.02M shares outstanding. Mutual fund holders own 20.64%, while other institutional holders and individual stakeholders account for 27.81% and 18.10% respectively.
It has a market capitalization of $53.18B and a beta (3y monthly) value of 0.72. The stock’s trailing 12-month PE ratio is 40.39, while the earnings-per-share (ttm) stands at $3.08. The company has a PEG of 3.73 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 6.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.43% over the week and 1.48% over the month.
Analysts forecast that VMware Inc. (VMW) will achieve an EPS of $1.58 for the current quarter, $1.83 for the next quarter and $8.12 for 2025. The lowest estimate earnings-per-share for the quarter is $1.42 while analysts give the company a high EPS estimate of $1.76. Comparatively, EPS for the current quarter was $1.28 a year ago. Earnings per share for the fiscal year are expected to decrease by -28.40%, and 12.38% over the next financial year. EPS should grow at an annualized rate of 10.84% over the next five years, compared to -3.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate VMware Inc. (VMW) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 9 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”
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