Achmea Investment Management B.V. lessened its stake in VMware, Inc. (NYSE:VMW) by 22.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,566 shares of the virtualization software provider’s stock after selling 8,997 shares during the period. Achmea Investment Management B.V.’s holdings in VMware were worth $4,922,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of VMW. Dimensional Fund Advisors LP grew its holdings in shares of VMware by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 91,373 shares of the virtualization software provider’s stock worth $11,081,000 after acquiring an additional 905 shares during the period. IFM Investors Pty Ltd purchased a new position in shares of VMware during the 2nd quarter worth approximately $468,000. State of Alaska Department of Revenue grew its holdings in shares of VMware by 26.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,669 shares of the virtualization software provider’s stock worth $1,420,000 after acquiring an additional 2,000 shares during the period. First Citizens Bank & Trust Co. purchased a new position in shares of VMware during the 2nd quarter worth approximately $1,329,000. Finally, Gateway Investment Advisers LLC purchased a new position in shares of VMware during the 2nd quarter worth approximately $7,527,000. Institutional investors and hedge funds own 19.58% of the company’s stock.
A number of research analysts have weighed in on VMW shares. Barclays reiterated a “buy” rating and set a $175.00 target price on shares of VMware in a report on Sunday, August 26th. Bank of America upped their target price on VMware to $190.00 and gave the stock a “buy” rating in a report on Monday, July 16th. Zacks Investment Research upgraded VMware from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Maxim Group upped their target price on VMware from $142.00 to $150.00 and gave the stock a “hold” rating in a report on Friday, August 24th. Finally, Stifel Nicolaus upped their target price on VMware from $122.00 to $142.00 and gave the stock a “hold” rating in a report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $158.04.
In related news, CEO Patrick P. Gelsinger sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $150.00, for a total value of $3,750,000.00. Following the transaction, the chief executive officer now directly owns 407,743 shares of the company’s stock, valued at approximately $61,161,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Amy Fliegelman Olli sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $152.77, for a total value of $229,155.00. Following the completion of the transaction, the vice president now directly owns 30,930 shares in the company, valued at $4,725,176.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,608 shares of company stock worth $11,852,164. Insiders own 29.90% of the company’s stock.
Shares of VMW opened at $150.82 on Friday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.41. VMware, Inc. has a 52 week low of $108.46 and a 52 week high of $165.00. The company has a market capitalization of $58.46 billion, a PE ratio of 39.07, a P/E/G ratio of 2.28 and a beta of 0.72.
VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. VMware had a return on equity of 20.00% and a net margin of 18.77%. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the previous year, the firm posted $1.19 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, analysts forecast that VMware, Inc. will post 4.72 earnings per share for the current fiscal year.
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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