Allianz Asset Management GmbH Boosts Stake in VMware, Inc. (VMW)

Allianz Asset Management GmbH lifted its stake in VMware, Inc. (NYSE:VMW) by 25.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,675 shares of the virtualization software provider’s stock after acquiring an additional 3,156 shares during the quarter. Allianz Asset Management GmbH’s holdings in VMware were worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Federated Investors Inc. PA increased its position in VMware by 0.4% during the second quarter. Federated Investors Inc. PA now owns 15,323 shares of the virtualization software provider’s stock worth $1,339,000 after buying an additional 66 shares during the last quarter. Laurion Capital Management LP increased its position in VMware by 2.8% during the second quarter. Laurion Capital Management LP now owns 3,700 shares of the virtualization software provider’s stock worth $323,000 after buying an additional 100 shares during the last quarter. CFO4Life Group LLC increased its position in VMware by 2.2% during the second quarter. CFO4Life Group LLC now owns 5,644 shares of the virtualization software provider’s stock worth $493,000 after buying an additional 121 shares during the last quarter. Strategic Global Advisors LLC increased its position in VMware by 2.8% during the second quarter. Strategic Global Advisors LLC now owns 7,370 shares of the virtualization software provider’s stock worth $644,000 after buying an additional 200 shares during the last quarter. Finally, USA Financial Portformulas Corp increased its position in VMware by 3.5% during the second quarter. USA Financial Portformulas Corp now owns 6,000 shares of the virtualization software provider’s stock worth $525,000 after buying an additional 202 shares during the last quarter. 22.49% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on VMW shares. Zacks Investment Research raised shares of VMware from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research report on Monday, September 4th. Citigroup reaffirmed a “buy” rating and issued a $124.00 price target on shares of VMware in a research report on Monday, August 28th. Barclays reaffirmed a “buy” rating on shares of VMware in a research report on Friday, November 10th. Berenberg Bank reaffirmed a “hold” rating and issued a $94.00 price target on shares of VMware in a research report on Tuesday, August 29th. Finally, Credit Suisse Group started coverage on VMware in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $130.00 price target on the stock. Fourteen analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $125.20.

Shares of VMware, Inc. (VMW) opened at $127.69 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.86 and a quick ratio of 2.86. VMware, Inc. has a one year low of $77.94 and a one year high of $129.50. The firm has a market cap of $51,480.00, a PE ratio of 36.48, a P/E/G ratio of 2.93 and a beta of 0.67.

VMware (NYSE:VMW) last released its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.07. VMware had a net margin of 18.97% and a return on equity of 18.57%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the company earned $1.14 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. research analysts forecast that VMware, Inc. will post 3.77 EPS for the current year.

In other VMware news, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $120.40, for a total transaction of $2,815,072.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Egon Durban sold 435,682 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was 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. In the last 90 days, insiders have sold 471,574 shares of company stock valued at $51,918,711. Corporate insiders own 34.40% of the company’s stock.

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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).

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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