Colony Group LLC increased its stake in shares of VMware, Inc. (NYSE:VMW) by 91.1% in the 2nd quarter, Holdings Channel reports. The firm owned 3,602 shares of the virtualization software provider’s stock after buying an additional 1,717 shares during the period. Colony Group LLC’s holdings in VMware were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VMW. Ivory Investment Management LLC bought a new stake in VMware during the second quarter valued at approximately $8,140,000. Marshall Wace LLP bought a new stake in VMware during the second quarter valued at approximately $10,415,000. Zacks Investment Management bought a new stake in VMware during the second quarter valued at approximately $220,000. Sensato Investors LLC bought a new stake in VMware during the second quarter valued at approximately $21,648,000. Finally, Hilltop Holdings Inc. bought a new stake in VMware during the second quarter valued at approximately $204,000. 20.11% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:VMW opened at $162.65 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.01 and a quick ratio of 3.04. VMware, Inc. has a fifty-two week low of $107.12 and a fifty-two week high of $165.00. The firm has a market cap of $62.79 billion, a P/E ratio of 42.14, a P/E/G ratio of 2.46 and a beta of 0.57.

VMware (NYSE:VMW) last issued its earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. VMware had a net margin of 18.77% and a return on equity of 20.00%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. VMware’s revenue for the quarter was up 12.5% on a year-over-year basis. research analysts anticipate that VMware, Inc. will post 4.73 earnings per share for the current year.

In related news, CEO Patrick P. Gelsinger sold 25,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 411,923 shares in the company, valued at $62,665,845.99. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Rangarajan (Raghu) Raghuram sold 38,000 shares of the company’s stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $154.98, for a total transaction of $5,889,240.00. Following the transaction, the chief operating officer now owns 297,193 shares of the company’s stock, valued at approximately $46,058,971.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,518 shares of company stock valued at $19,067,627. 29.90% of the stock is owned by company insiders.

A number of research firms have weighed in on VMW. BMO Capital Markets upped their price target on shares of VMware from $155.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 3rd. Barclays reiterated an “overweight” rating and issued a $172.00 price target (up from $160.00) on shares of VMware in a research report on Tuesday, July 3rd. TheStreet lowered shares of VMware from a “b” rating to a “c” rating in a research report on Friday, June 1st. Robert W. Baird reiterated a “buy” rating and issued a $163.00 price target on shares of VMware in a research report on Friday, June 1st. Finally, Stifel Nicolaus upped their price target on shares of VMware from $122.00 to $142.00 and gave the stock a “hold” rating in a research report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $155.35.

VMware Profile

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.

Featured Story: What is Compound Annual Growth Rate (CAGR)?

Want to see what other hedge funds are holding VMW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VMware, Inc. (NYSE:VMW).

Institutional Ownership by Quarter for VMware (NYSE:VMW)

Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with MarketBeat.com's FREE daily email newsletter.