Vmware, Inc. (NYSE:VMW) Shares Sold by Creative Planning

Creative Planning decreased its position in Vmware, Inc. (NYSE:VMW) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,667 shares of the virtualization software provider’s stock after selling 1,494 shares during the period. Creative Planning’s holdings in Vmware were worth $1,632,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Dodge & Cox purchased a new position in Vmware during the fourth quarter valued at $745,926,000. BlackRock Inc. increased its position in Vmware by 4,817.7% in the first quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock valued at $469,811,000 after buying an additional 4,995,179 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its position in Vmware by 846.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,155,079 shares of the virtualization software provider’s stock valued at $106,428,000 after buying an additional 1,033,040 shares during the last quarter. Wells Fargo & Company MN increased its position in Vmware by 163.9% in the first quarter. Wells Fargo & Company MN now owns 1,612,242 shares of the virtualization software provider’s stock valued at $148,552,000 after buying an additional 1,001,289 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Vmware by 28.2% in the first quarter. Renaissance Technologies LLC now owns 2,160,400 shares of the virtualization software provider’s stock valued at $199,059,000 after buying an additional 475,800 shares during the last quarter. 21.86% of the stock is owned by institutional investors and hedge funds.

Vmware, Inc. (NYSE VMW) traded down 0.05% on Friday, hitting $91.95. The company’s stock had a trading volume of 1,034,076 shares. The company has a market capitalization of $37.55 billion, a P/E ratio of 33.10 and a beta of 0.77. The company has a 50 day moving average price of $90.63 and a 200-day moving average price of $91.11. Vmware, Inc. has a 1-year low of $70.26 and a 1-year high of $98.00.

Vmware (NYSE:VMW) last issued its quarterly earnings data 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. Vmware had a net margin of 17.36% and a return on equity of 17.19%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The business’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Vmware, Inc. will post $4.94 earnings per share for the current fiscal year.

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VMW has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $110.00 target price (up previously from $105.00) on shares of Vmware in a report on Saturday, June 3rd. MKM Partners restated a “buy” rating and set a $110.00 price objective (up previously from $100.00) on shares of Vmware in a report on Thursday, June 1st. Drexel Hamilton restated a “buy” rating and set a $113.00 price objective (up previously from $105.00) on shares of Vmware in a report on Monday, June 5th. BidaskClub cut Vmware from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Stifel Nicolaus upgraded Vmware from a “hold” rating to a “buy” rating and lifted their target price for the company from $96.00 to $109.00 in a report on Wednesday, June 21st. Seventeen investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $97.81.

In other news, COO Rajiv Ramaswami sold 20,457 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $87.84, for a total value of $1,796,942.88. Following the completion of the transaction, the chief operating officer now directly owns 313,721 shares in the company, valued at approximately $27,557,252.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurizio Carli sold 11,237 shares of the business’s stock in a transaction that occurred on 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. 0.52% of the stock is owned by insiders.

Vmware Company Profile

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).

Institutional Ownership by Quarter for Vmware (NYSE:VMW)

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