BlackRock Inc. Has $743.22 Million Position in VMware, Inc. (NYSE:VMW)

BlackRock Inc. boosted its holdings in shares of VMware, Inc. (NYSE:VMW) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,444,800 shares of the virtualization software provider’s stock after buying an additional 319,201 shares during the period. BlackRock Inc. owned about 1.09% of VMware worth $743,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in VMware by 2.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 15,779,762 shares of the virtualization software provider’s stock worth $2,638,534,000 after buying an additional 414,814 shares in the last quarter. Vanguard Group Inc. boosted its stake in VMware by 1.5% during the second quarter. Vanguard Group Inc. now owns 4,780,170 shares of the virtualization software provider’s stock worth $799,292,000 after buying an additional 70,416 shares in the last quarter. AQR Capital Management LLC boosted its stake in VMware by 14.0% during the second quarter. AQR Capital Management LLC now owns 1,284,543 shares of the virtualization software provider’s stock worth $214,789,000 after buying an additional 157,630 shares in the last quarter. Morgan Stanley boosted its stake in VMware by 1.0% during the second quarter. Morgan Stanley now owns 1,029,821 shares of the virtualization software provider’s stock worth $172,196,000 after buying an additional 10,253 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of VMware by 7.5% in the 2nd quarter. APG Asset Management N.V. now owns 914,382 shares of the virtualization software provider’s stock valued at $134,259,000 after purchasing an additional 63,800 shares in the last quarter. Hedge funds and other institutional investors own 17.63% of the company’s stock.

VMware stock opened at $164.95 on Friday. The stock has a 50-day simple moving average of $154.57 and a 200 day simple moving average of $167.38. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.93. VMware, Inc. has a 12-month low of $128.69 and a 12-month high of $206.80. The stock has a market capitalization of $66.59 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 2.50 and a beta of 0.92.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, August 22nd. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.45. VMware had a return on equity of 47.55% and a net margin of 66.00%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the previous year, the business posted $1.54 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that VMware, Inc. will post 4.87 EPS for the current year.

In related news, CFO Zane Rowe sold 20,000 shares of VMware stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $147.54, for a total value of $2,950,800.00. Following the completion of the transaction, the chief financial officer now directly owns 138,565 shares of the company’s stock, valued at $20,443,880.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Rangarajan (Raghu) Raghuram sold 24,712 shares of VMware stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $163.53, for a total value of $4,041,153.36. Following the completion of the transaction, the chief operating officer now directly owns 221,977 shares of the company’s stock, valued at $36,299,898.81. The disclosure for this sale can be found here. Insiders sold 104,109 shares of company stock valued at $15,837,960 over the last ninety days. 28.80% of the stock is currently owned by company insiders.

Several brokerages have recently commented on VMW. Cleveland Research restated a “hold” rating on shares of VMware in a research note on Tuesday, September 3rd. Mizuho set a $145.00 target price on shares of VMware and gave the company a “buy” rating in a research note on Friday, August 23rd. TheStreet upgraded shares of VMware from a “d+” rating to a “b-” rating in a research note on Friday, August 23rd. Barclays set a $186.00 target price on shares of VMware and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley reduced their target price on shares of VMware from $188.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $173.50.

VMware Company Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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