Vmware, Inc. (VMW) Shares Sold by Fmr LLC

FMR LLC lowered its position in shares of Vmware, Inc. (NYSE:VMW) by 92.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 37,893 shares of the virtualization software provider’s stock after selling 499,080 shares during the period. FMR LLC’s holdings in Vmware were worth $3,492,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Vmware by 846.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,155,079 shares of the virtualization software provider’s stock worth $106,428,000 after buying an additional 1,033,040 shares in the last quarter. Wells Fargo & Company MN boosted its position 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 valued at $148,552,000 after buying an additional 1,001,289 shares in the last quarter. APG Asset Management N.V. boosted its position in Vmware by 192.2% in the first quarter. APG Asset Management N.V. now owns 435,404 shares of the virtualization software provider’s stock valued at $40,118,000 after buying an additional 286,403 shares in the last quarter. Teachers Advisors LLC boosted its position in Vmware by 117.4% in the fourth quarter. Teachers Advisors LLC now owns 465,492 shares of the virtualization software provider’s stock valued at $36,648,000 after buying an additional 251,364 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new position in Vmware during the first quarter valued at $15,046,000. 21.82% of the stock is owned by institutional investors.

Vmware, Inc. (NYSE VMW) opened at 96.27 on Friday. Vmware, Inc. has a one year low of $71.81 and a one year high of $98.20. The stock has a 50 day moving average price of $91.66 and a 200 day moving average price of $91.57. The company has a market cap of $39.32 billion, a PE ratio of 34.65 and a beta of 0.77.

Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. Vmware had a net margin of 17.36% and a return on equity of 17.19%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Vmware, Inc. will post $5.01 EPS for the current fiscal year.

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

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Several equities analysts recently issued reports on the company. Cowen and Company reiterated a “market perform” rating and issued a $104.00 price objective (up from $98.00) on shares of Vmware in a research note on Monday, August 14th. BMO Capital Markets upped their price objective on Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Tuesday. Deutsche Bank AG upped their price objective on Vmware from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday. Royal Bank Of Canada restated a “buy” rating and set a $113.00 price target on shares of Vmware in a research report on Tuesday. Finally, Maxim Group restated a “hold” rating and set a $96.00 price target on shares of Vmware in a research report on Friday, June 2nd. Eighteen investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $101.12.

In other Vmware news, EVP Maurizio Carli sold 11,237 shares of Vmware stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $94.66, for a total transaction of $1,063,694.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Rajiv Ramaswami sold 20,457 shares of Vmware stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 313,721 shares in the company, valued at approximately $27,557,252.64. The disclosure for this sale can be found here. 0.52% of the stock is owned by 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).

Institutional Ownership by Quarter for Vmware (NYSE:VMW)

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