Harvest Management LLC bought a new position in shares of VMware, Inc. (NYSE:VMW) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,240 shares of the virtualization software provider’s stock, valued at approximately $506,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in VMware by 40.0% during the 2nd quarter. Renaissance Technologies LLC now owns 5,289,800 shares of the virtualization software provider’s stock worth $777,442,000 after acquiring an additional 1,512,500 shares during the last quarter. Investec Asset Management LTD boosted its stake in shares of VMware by 23.4% in the 2nd quarter. Investec Asset Management LTD now owns 2,071,002 shares of the virtualization software provider’s stock valued at $304,375,000 after purchasing an additional 392,041 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of VMware by 489.4% in the 2nd quarter. Voya Investment Management LLC now owns 988,295 shares of the virtualization software provider’s stock valued at $145,250,000 after purchasing an additional 820,619 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of VMware by 0.9% in the 3rd quarter. First Trust Advisors LP now owns 952,459 shares of the virtualization software provider’s stock valued at $148,641,000 after purchasing an additional 8,783 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of VMware by 6.9% in the 2nd quarter. Wells Fargo & Company MN now owns 945,327 shares of the virtualization software provider’s stock valued at $138,934,000 after purchasing an additional 61,088 shares during the last quarter. 19.58% of the stock is currently owned by hedge funds and other institutional investors.

VMW opened at $150.82 on Friday. 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, Inc. has a 1-year low of $108.46 and a 1-year high of $165.00. The firm has a market cap of $61.09 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 2.39 and a beta of 0.72.

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

In other VMware news, VP Amy Fliegelman Olli sold 1,500 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $152.77, for a total transaction of $229,155.00. Following the transaction, the vice president now owns 30,930 shares in the company, valued at $4,725,176.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $152.13, for a total transaction of $3,803,250.00. Following the transaction, the chief executive officer now owns 411,923 shares in the company, valued at approximately $62,665,845.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,608 shares of company stock worth $11,852,164. Corporate insiders own 29.90% of the company’s stock.

A number of research firms have recently commented on VMW. Royal Bank of Canada upped their price objective on shares of VMware to $180.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. Stifel Nicolaus upped their price objective on shares of VMware from $122.00 to $142.00 and gave the company a “hold” rating in a research note on Friday, August 24th. Zacks Investment Research raised shares of VMware from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. JPMorgan Chase & Co. upped their price objective on shares of VMware from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, August 24th. Finally, Maxim Group upped their price objective on shares of VMware from $142.00 to $150.00 and gave the company a “hold” rating in a research note on Friday, August 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. VMware presently has an average rating of “Buy” and an average target price of $158.04.

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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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