VMware, Inc. (VMW) Shares Bought by Blair William & Co. IL

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Blair William & Co. IL raised its holdings in shares of VMware, Inc. (NYSE:VMW) by 42.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,401 shares of the virtualization software provider’s stock after acquiring an additional 2,198 shares during the quarter. Blair William & Co. IL’s holdings in VMware were worth $898,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VMW. Coatue Management LLC bought a new stake in shares of VMware in the 4th quarter valued at approximately $156,584,000. Allianz Asset Management GmbH grew its stake in shares of VMware by 3,351.4% in the 4th quarter. Allianz Asset Management GmbH now owns 541,010 shares of the virtualization software provider’s stock valued at $67,799,000 after buying an additional 525,335 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of VMware by 19.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,656,100 shares of the virtualization software provider’s stock valued at $332,862,000 after buying an additional 441,500 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of VMware by 4,589.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 415,050 shares of the virtualization software provider’s stock valued at $52,014,000 after buying an additional 406,200 shares in the last quarter. Finally, Fred Alger Management Inc. grew its stake in shares of VMware by 54,509.5% in the 4th quarter. Fred Alger Management Inc. now owns 356,054 shares of the virtualization software provider’s stock valued at $44,621,000 after buying an additional 355,402 shares in the last quarter. 20.15% of the stock is owned by institutional investors and hedge funds.

In other news, COO Rajiv Ramaswami sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $132.85, for a total transaction of $1,328,500.00. Following the completion of the transaction, the chief operating officer now directly owns 307,763 shares in the company, valued at $40,886,314.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 29.90% of the stock is owned by insiders.

Several brokerages recently commented on VMW. Hilliard Lyons cut VMware from a “buy” rating to a “neutral” rating in a research note on Friday, March 2nd. Robert W. Baird reissued a “buy” rating and issued a $163.00 price target on shares of VMware in a research note on Friday, June 1st. BMO Capital Markets boosted their price target on VMware from $138.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, June 1st. JPMorgan Chase & Co. boosted their price target on VMware from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, June 1st. Finally, Credit Suisse Group boosted their price target on VMware from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 21st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $139.54.

Shares of VMware opened at $150.01 on Friday, MarketBeat.com reports. VMware, Inc. has a 12 month low of $85.70 and a 12 month high of $165.00. The company has a market cap of $61.86 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.04 and a quick ratio of 3.04.

VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, May 31st. The virtualization software provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. VMware had a return on equity of 19.58% and a net margin of 15.61%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. equities analysts anticipate that VMware, Inc. will post 4.71 earnings per share for the current fiscal year.

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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