Vanguard Group Inc. Cuts Stake in Vmware, Inc. (VMW)

Vanguard Group Inc. lowered its position in shares of Vmware, Inc. (NYSE:VMW) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,645,533 shares of the virtualization software provider’s stock after selling 285,132 shares during the period. Vanguard Group Inc. owned about 0.89% of Vmware worth $318,729,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP increased its stake in shares of Vmware by 49.3% during the second quarter. GSA Capital Partners LLP now owns 25,018 shares of the virtualization software provider’s stock valued at $2,187,000 after buying an additional 8,262 shares during the period. Menta Capital LLC purchased a new position in shares of Vmware during the second quarter valued at $1,031,000. UBS Asset Management Americas Inc. increased its stake in shares of Vmware by 5.9% during the second quarter. UBS Asset Management Americas Inc. now owns 767,852 shares of the virtualization software provider’s stock valued at $67,133,000 after buying an additional 43,021 shares during the period. Godsey & Gibb Associates increased its stake in shares of Vmware by 0.8% during the second quarter. Godsey & Gibb Associates now owns 157,727 shares of the virtualization software provider’s stock valued at $13,790,000 after buying an additional 1,265 shares during the period. Finally, Investec Asset Management PTY Ltd increased its stake in shares of Vmware by 18.9% during the second quarter. Investec Asset Management PTY Ltd now owns 33,336 shares of the virtualization software provider’s stock valued at $2,915,000 after buying an additional 5,295 shares during the period. Hedge funds and other institutional investors own 21.82% of the company’s stock.

Several equities analysts have recently commented on the company. BMO Capital Markets raised their price target on Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Tuesday, August 15th. Citigroup Inc. raised their price target on Vmware from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Mizuho raised their price target on Vmware from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Robert W. Baird restated a “buy” rating and set a $125.00 price target on shares of Vmware in a research note on Wednesday, October 4th. Finally, Morgan Stanley restated an “overweight” rating and set a $123.00 price target (up previously from $115.00) on shares of Vmware in a research note on Wednesday, September 27th. Thirteen research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $112.28.

Vmware, Inc. (NYSE:VMW) opened at 111.85 on Tuesday. The stock has a 50 day moving average price of $107.60 and a 200 day moving average price of $95.99. Vmware, Inc. has a 52 week low of $72.27 and a 52 week high of $112.24. The stock has a market capitalization of $45.74 billion, a PE ratio of 40.26 and a beta of 0.72.

Vmware (NYSE:VMW) last announced its earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Equities analysts forecast that Vmware, Inc. will post $5.07 EPS for the current year.

Vmware announced that its Board of Directors has initiated a share repurchase plan on Monday, August 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the virtualization software provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

In related news, insider P. Kevan Krysler sold 13,751 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $107.69, for a total value of $1,480,845.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $107.82, for a total value of $646,920.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,885 shares of company stock valued at $2,248,548. Insiders own 0.52% of the company’s stock.

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Several other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP increased its stake in shares of Vmware by 49.3% during the second quarter. GSA Capital Partners LLP now owns 25,018 shares of the virtualization software provider’s stock valued at $2,187,000 after buying an additional 8,262 shares during the period. Menta Capital LLC purchased a new position in shares of Vmware during the second quarter valued at $1,031,000. UBS Asset Management Americas Inc. increased its stake in shares of Vmware by 5.9% during the second quarter. UBS Asset Management Americas Inc. now owns 767,852 shares of the virtualization software provider’s stock valued at $67,133,000 after buying an additional 43,021 shares during the period. Godsey & Gibb Associates increased its stake in shares of Vmware by 0.8% during the second quarter. Godsey & Gibb Associates now owns 157,727 shares of the virtualization software provider’s stock valued at $13,790,000 after buying an additional 1,265 shares during the period. Finally, Investec Asset Management PTY Ltd increased its stake in shares of Vmware by 18.9% during the second quarter. Investec Asset Management PTY Ltd now owns 33,336 shares of the virtualization software provider’s stock valued at $2,915,000 after buying an additional 5,295 shares during the period. Hedge funds and other institutional investors own 21.82% of the company’s stock.

Several equities analysts have recently commented on the company. BMO Capital Markets raised their price target on Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Tuesday, August 15th. Citigroup Inc. raised their price target on Vmware from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Mizuho raised their price target on Vmware from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Robert W. Baird restated a “buy” rating and set a $125.00 price target on shares of Vmware in a research note on Wednesday, October 4th. Finally, Morgan Stanley restated an “overweight” rating and set a $123.00 price target (up previously from $115.00) on shares of Vmware in a research note on Wednesday, September 27th. Thirteen research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $112.28.

Vmware, Inc. (NYSE:VMW) opened at 111.85 on Tuesday. The stock has a 50 day moving average price of $107.60 and a 200 day moving average price of $95.99. Vmware, Inc. has a 52 week low of $72.27 and a 52 week high of $112.24. The stock has a market capitalization of $45.74 billion, a PE ratio of 40.26 and a beta of 0.72.

Vmware (NYSE:VMW) last announced its earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Equities analysts forecast that Vmware, Inc. will post $5.07 EPS for the current year.

Vmware announced that its Board of Directors has initiated a share repurchase plan on Monday, August 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the virtualization software provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

In related news, insider P. Kevan Krysler sold 13,751 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $107.69, for a total value of $1,480,845.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $107.82, for a total value of $646,920.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,885 shares of company stock valued at $2,248,548. Insiders own 0.52% of the company’s stock.

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Vmware 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).

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Institutional Ownership by Quarter for Vmware (NYSE:VMW)

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