Cornerstone Wealth Management LLC cut its stake in shares of VMware, Inc. (NYSE:VMW) by 84.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,541 shares of the virtualization software provider’s stock after selling 77,811 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in VMware were worth $130,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its stake in shares of VMware by 217.5% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,000 shares of the virtualization software provider’s stock valued at $147,000 after acquiring an additional 685 shares during the period. Signet Financial Management LLC bought a new position in shares of VMware during the 2nd quarter valued at approximately $151,000. Hilltop Holdings Inc. bought a new position in shares of VMware during the 2nd quarter valued at approximately $204,000. Physicians Financial Services Inc. bought a new position in shares of VMware during the 2nd quarter valued at approximately $206,000. Finally, Dowling & Yahnke LLC bought a new position in shares of VMware during the 2nd quarter valued at approximately $214,000. Institutional investors own 19.58% of the company’s stock.

VMW has been the subject of a number of recent research reports. Bank of America boosted their price objective on VMware to $190.00 and gave the company a “buy” rating in a research note on Monday, July 16th. Barclays reissued a “buy” rating and issued a $175.00 price target on shares of VMware in a report on Sunday, August 26th. Oppenheimer boosted their price target on VMware from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 31st. Nomura boosted their price target on VMware from $111.00 to $115.00 and gave the stock a “reduce” rating in a report on Friday, August 24th. Finally, Wedbush started coverage on VMware in a report on Thursday, October 18th. They issued an “outperform” rating and a $185.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $158.04.

In other news, VP Amy Fliegelman Olli sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $152.77, for a total transaction of $229,155.00. Following the sale, the vice president now directly owns 30,930 shares of the company’s stock, valued at approximately $4,725,176.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maurizio Carli sold 3,779 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $152.54, for a total value of $576,448.66. Following the sale, the executive vice president now directly owns 107,959 shares in the company, valued at $16,468,065.86. The disclosure for this sale can be found here. Insiders have sold a total of 78,608 shares of company stock worth $11,852,164 over the last ninety days. Insiders own 29.90% of the company’s stock.

Shares of VMW opened at $150.82 on Friday. The company has a market cap of $61.09 billion, a PE ratio of 39.07, a PEG ratio of 2.39 and a beta of 0.72. VMware, Inc. has a 1 year low of $108.46 and a 1 year high of $165.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.01 and a current ratio of 3.01.

VMware (NYSE:VMW) last issued its quarterly earnings data on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.15 billion. VMware had a return on equity of 20.00% and a net margin of 18.77%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. As a group, equities analysts forecast that VMware, Inc. will post 4.72 EPS for the current fiscal year.

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About VMware

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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