Renaissance Technologies LLC Acquires 475,800 Shares of Vmware, Inc. (VMW)

Renaissance Technologies LLC raised its stake in Vmware, Inc. (NYSE:VMW) by 28.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,160,400 shares of the virtualization software provider’s stock after buying an additional 475,800 shares during the period. Renaissance Technologies LLC owned approximately 0.53% of Vmware worth $199,059,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Architects Inc purchased a new position in shares of Vmware during the first quarter valued at $140,000. Advantage Investment Management LLC purchased a new position in shares of Vmware during the first quarter valued at $139,000. Penserra Capital Management LLC increased its stake in shares of Vmware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock valued at $169,000 after buying an additional 160 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Vmware by 34.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,887 shares of the virtualization software provider’s stock valued at $149,000 after buying an additional 483 shares in the last quarter. Finally, VNBTrust National Association bought a new stake in shares of Vmware during the first quarter valued at approximately $203,000. 21.85% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Vmware (NYSE:VMW)

Shares of Vmware, Inc. (NYSE:VMW) traded up 0.77% during midday trading on Monday, reaching $88.78. The company had a trading volume of 992,081 shares. The firm has a market capitalization of $36.26 billion, a P/E ratio of 31.96 and a beta of 0.71. The company has a 50 day moving average price of $93.11 and a 200-day moving average price of $88.57. Vmware, Inc. has a one year low of $55.12 and a one year high of $98.00.

Vmware (NYSE:VMW) last posted its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.71 billion. Vmware had a net margin of 17.36% and a return on equity of 17.19%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. On average, analysts anticipate that Vmware, Inc. will post $4.92 EPS for the current fiscal year.

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VMW has been the subject of several research analyst reports. Zacks Investment Research raised Vmware from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Monday, April 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $105.00 target price on shares of Vmware in a research report on Friday, March 17th. Drexel Hamilton reissued a “buy” rating and set a $105.00 price objective on shares of Vmware in a report on Thursday, April 6th. Royal Bank Of Canada reissued a “buy” rating and set a $97.00 price objective on shares of Vmware in a report on Wednesday, April 5th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $110.00 target price (up previously from $100.00) on shares of Vmware in a report on Thursday, June 1st. Twenty equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $94.21.

In other news, Director Egon Durban sold 666,354 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $89.14, for a total transaction of $59,398,795.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurizio Carli sold 11,237 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $94.66, for a total transaction of $1,063,694.42. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

About Vmware

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).

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