Invictus RG cut its holdings in shares of Vmware, Inc. (NYSE:VMW) by 30.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,472 shares of the virtualization software provider’s stock after selling 2,003 shares during the quarter. Invictus RG’s holdings in Vmware were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new stake in Vmware during the third quarter valued at about $3,187,000. Stifel Financial Corp lifted its holdings in Vmware by 3.1% during the third quarter. Stifel Financial Corp now owns 93,216 shares of the virtualization software provider’s stock valued at $10,206,000 after purchasing an additional 2,777 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in Vmware by 175.7% during the third quarter. Pinebridge Investments L.P. now owns 60,230 shares of the virtualization software provider’s stock valued at $6,577,000 after purchasing an additional 38,385 shares during the last quarter. Tredje AP fonden lifted its holdings in Vmware by 21.9% during the third quarter. Tredje AP fonden now owns 33,328 shares of the virtualization software provider’s stock valued at $3,639,000 after purchasing an additional 5,990 shares during the last quarter. Finally, Strategic Global Advisors LLC lifted its holdings in Vmware by 60.9% during the third quarter. Strategic Global Advisors LLC now owns 11,860 shares of the virtualization software provider’s stock valued at $1,295,000 after purchasing an additional 4,490 shares during the last quarter. 22.21% of the stock is currently owned by institutional investors and hedge funds.
In related news, COO Sanjay Poonen sold 1,134 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $106.51, for a total value of $120,782.34. Following the sale, the chief operating officer now directly owns 192,774 shares of the company’s stock, valued at $20,532,358.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Egon Durban sold 435,682 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total transaction of $47,624,399.42. The disclosure for this sale can be found here. Insiders sold 446,563 shares of company stock worth $48,896,887 over the last ninety days. 34.40% of the stock is currently owned by insiders.
Vmware (NYSE:VMW) last announced its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. Vmware had a net margin of 18.97% and a return on equity of 18.58%. Vmware’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $1.14 earnings per share. research analysts anticipate that Vmware, Inc. will post 3.79 EPS for the current year.
Vmware declared that its Board of Directors has approved a share repurchase plan on Monday, August 14th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the virtualization software provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Several equities research analysts have commented on VMW shares. Berenberg Bank reaffirmed a “hold” rating and set a $94.00 price objective on shares of Vmware in a report on Tuesday, August 29th. Zacks Investment Research raised shares of Vmware from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $118.00 price objective (up from $109.00) on shares of Vmware in a report on Friday, August 25th. BMO Capital Markets upped their price objective on shares of Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Tuesday, August 15th. Finally, MKM Partners reissued a “buy” rating and issued a $120.00 price target (up from $110.00) on shares of Vmware in a report on Monday, August 28th. Fifteen research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $124.50.
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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