Andra AP fonden reduced its position in shares of Vmware, Inc. (NYSE:VMW) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,884 shares of the virtualization software provider’s stock after selling 416 shares during the period. Andra AP fonden’s holdings in Vmware were worth $8,820,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of VMW. Wells Fargo & Company MN raised its stake in Vmware by 163.9% in the first quarter. Wells Fargo & Company MN now owns 1,612,242 shares of the virtualization software provider’s stock worth $148,552,000 after buying an additional 1,001,289 shares during the period. Ameriprise Financial Inc. raised its stake in Vmware by 34.1% in the first quarter. Ameriprise Financial Inc. now owns 103,084 shares of the virtualization software provider’s stock worth $9,495,000 after buying an additional 26,199 shares during the period. Fisher Asset Management LLC bought a new stake in Vmware during the first quarter worth about $338,000. Nordea Investment Management AB raised its stake in Vmware by 13.5% in the first quarter. Nordea Investment Management AB now owns 5,329 shares of the virtualization software provider’s stock worth $491,000 after buying an additional 632 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its stake in Vmware by 4.2% in the first quarter. NN Investment Partners Holdings N.V. now owns 428,030 shares of the virtualization software provider’s stock worth $39,438,000 after buying an additional 17,320 shares during the period. Institutional investors and hedge funds own 21.82% of the company’s stock.

Vmware, Inc. (VMW) opened at 102.74 on Friday. Vmware, Inc. has a 12-month low of $71.81 and a 12-month high of $104.81. The company has a 50-day moving average price of $93.36 and a 200 day moving average price of $91.99. The stock has a market cap of $42.09 billion, a price-to-earnings ratio of 36.98 and a beta of 0.77.

Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Vmware had a net margin of 17.81% and a return on equity of 18.34%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm earned $0.97 EPS. The business’s revenue was up 12.2% on a year-over-year basis. On average, equities research analysts predict that Vmware, Inc. will post $5.01 EPS for the current year.

Vmware declared that its board has approved a share repurchase program on Monday, August 14th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the virtualization software provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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VMW has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Tuesday, August 15th. MKM Partners restated a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Vmware in a research report on Thursday, June 1st. Deutsche Bank AG upgraded Vmware from a “hold” rating to a “buy” rating and upped their price target for the company from $110.00 to $120.00 in a research report on Tuesday, August 22nd. Stifel Nicolaus restated a “buy” rating and issued a $118.00 price target (up from $109.00) on shares of Vmware in a research report on Friday. Finally, Royal Bank Of Canada upped their price target on Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 31st. Sixteen investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Vmware presently has an average rating of “Buy” and an average price target of $105.12.

In other Vmware news, EVP Maurizio Carli sold 11,237 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $94.66, for a total value of $1,063,694.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Rajiv Ramaswami sold 20,457 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $87.84, for a total transaction of $1,796,942.88. Following the completion of the sale, the chief operating officer now directly owns 313,721 shares of the company’s stock, valued at $27,557,252.64. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate 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).

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Institutional Ownership by Quarter for Vmware (NYSE:VMW)

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