VMware, Inc. (VMW) Holdings Cut by CIBC World Markets Inc.

CIBC World Markets Inc. lessened its position in VMware, Inc. (NYSE:VMW) by 44.0% during the third quarter, Holdings Channel reports. The fund owned 12,142 shares of the virtualization software provider’s stock after selling 9,525 shares during the period. CIBC World Markets Inc.’s holdings in VMware were worth $1,895,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in VMware by 44.5% in the 3rd quarter. BlackRock Inc. now owns 5,501,102 shares of the virtualization software provider’s stock worth $858,503,000 after acquiring an additional 1,693,475 shares during the last quarter. Renaissance Technologies LLC grew its holdings in VMware by 40.0% in the 2nd quarter. Renaissance Technologies LLC now owns 5,289,800 shares of the virtualization software provider’s stock worth $777,442,000 after acquiring an additional 1,512,500 shares during the last quarter. Investec Asset Management LTD grew its holdings in VMware by 23.4% in the 2nd quarter. Investec Asset Management LTD now owns 2,071,002 shares of the virtualization software provider’s stock worth $304,375,000 after acquiring an additional 392,041 shares during the last quarter. Voya Investment Management LLC grew its holdings in VMware by 489.4% in the 2nd quarter. Voya Investment Management LLC now owns 988,295 shares of the virtualization software provider’s stock worth $145,250,000 after acquiring an additional 820,619 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in VMware by 0.9% in the 3rd quarter. First Trust Advisors LP now owns 952,459 shares of the virtualization software provider’s stock worth $148,641,000 after acquiring an additional 8,783 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO Rajiv Ramaswami sold 12,345 shares of VMware stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $143.73, for a total transaction of $1,774,346.85. Following the completion of the transaction, the chief operating officer now directly owns 218,011 shares of the company’s stock, valued at approximately $31,334,721.03. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger sold 25,000 shares of VMware stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $152.13, for a total transaction of $3,803,250.00. Following the transaction, the chief executive officer now directly owns 411,923 shares of the company’s stock, valued at $62,665,845.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,608 shares of company stock valued at $11,852,164. 29.90% of the stock is currently owned by corporate insiders.

VMW has been the topic of a number of recent analyst reports. Barclays reissued a “buy” rating and issued a $175.00 price target on shares of VMware in a report on Sunday, August 26th. Jefferies Financial Group raised their price target on shares of VMware from $186.00 to $196.00 and gave the stock a “buy” rating in a report on Friday. Maxim Group raised their price target on shares of VMware from $142.00 to $150.00 and gave the stock a “hold” rating in a report on Friday, August 24th. Stifel Nicolaus raised their price target on shares of VMware from $122.00 to $142.00 and gave the stock a “hold” rating in a report on Friday, August 24th. Finally, Zacks Investment Research raised shares of VMware from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $167.81.

Shares of VMW opened at $167.34 on Friday. The stock has a market cap of $66.00 billion, a PE ratio of 43.35, a P/E/G ratio of 2.58 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.01 and a current ratio of 3.01. VMware, Inc. has a 1-year low of $108.46 and a 1-year high of $168.42.

VMware (NYSE:VMW) last announced its earnings results on Thursday, November 29th. The virtualization software provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.42. VMware had a net margin of 17.03% and a return on equity of 20.49%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. Research analysts expect that VMware, Inc. will post 4.72 EPS for the current year.

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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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