AMP Capital Investors Ltd cut its holdings in VMware, Inc. (NYSE:VMW) by 32.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,028 shares of the virtualization software provider’s stock after selling 21,425 shares during the quarter. AMP Capital Investors Ltd’s holdings in VMware were worth $6,862,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. acquired a new stake in shares of VMware in the second quarter worth approximately $564,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of VMware by 4.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 238,286 shares of the virtualization software provider’s stock worth $35,021,000 after acquiring an additional 10,978 shares during the last quarter. Comerica Bank boosted its stake in shares of VMware by 1.5% in the second quarter. Comerica Bank now owns 46,133 shares of the virtualization software provider’s stock worth $7,156,000 after acquiring an additional 672 shares during the last quarter. Cognios Capital LLC boosted its stake in shares of VMware by 20.4% in the second quarter. Cognios Capital LLC now owns 7,694 shares of the virtualization software provider’s stock worth $1,130,000 after acquiring an additional 1,303 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of VMware by 13.5% in the second quarter. Victory Capital Management Inc. now owns 16,324 shares of the virtualization software provider’s stock worth $2,399,000 after acquiring an additional 1,944 shares during the last quarter. Institutional investors and hedge funds own 18.57% of the company’s stock.
In other news, insider P. Kevan Krysler sold 4,984 shares of the company’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $152.28, for a total value of $758,963.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 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 approximately $4,725,176.10. The disclosure for this sale can be found here. Insiders have sold 49,829 shares of company stock worth $7,472,465 in the last three months. 29.90% of the stock is currently owned by corporate insiders.
A number of analysts have recently issued reports on VMW shares. Oppenheimer lifted their price target on VMware from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, August 13th. Maxim Group reaffirmed a “hold” rating and issued a $155.00 price target (up from $150.00) on shares of VMware in a research note on Friday, November 30th. Royal Bank of Canada lifted their price target on VMware to $180.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Nomura set a $128.00 price target on VMware and gave the stock a “reduce” rating in a research note on Friday, November 30th. Finally, Barclays reaffirmed a “buy” rating and issued a $175.00 price target on shares of VMware in a research note on Sunday, August 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $170.10.
NYSE VMW opened at $159.21 on Friday. The firm has a market cap of $64.79 billion, a price-to-earnings ratio of 41.25, a P/E/G ratio of 2.36 and a beta of 0.77. 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 fifty-two week low of $108.46 and a fifty-two week high of $168.89.
VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, November 29th. The virtualization software provider reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.42. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.17 billion. VMware had a return on equity of 20.49% and a net margin of 17.03%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 earnings per share. Equities analysts anticipate that VMware, Inc. will post 4.77 EPS for the current year.
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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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