Northern Trust Corp raised its holdings in VMware, Inc. (NYSE:VMW) by 0.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 659,235 shares of the virtualization software provider’s stock after acquiring an additional 3,531 shares during the period. Northern Trust Corp’s holdings in VMware were worth $110,231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VMW. Geode Capital Management LLC lifted its stake in shares of VMware by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 669,382 shares of the virtualization software provider’s stock valued at $91,727,000 after purchasing an additional 42,595 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of VMware by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 106,875 shares of the virtualization software provider’s stock valued at $14,674,000 after purchasing an additional 1,364 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of VMware by 14.0% in the 1st quarter. Rhumbline Advisers now owns 80,027 shares of the virtualization software provider’s stock valued at $14,446,000 after purchasing an additional 9,832 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of VMware by 12.9% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 6,850 shares of the virtualization software provider’s stock valued at $1,236,000 after purchasing an additional 780 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in shares of VMware by 4.2% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 41,795 shares of the virtualization software provider’s stock valued at $7,544,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors own 17.49% of the company’s stock.

In other VMware news, CFO Zane Rowe sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $147.54, for a total value of $2,950,800.00. Following the transaction, the chief financial officer now directly owns 138,565 shares of the company’s stock, valued at approximately $20,443,880.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Rangarajan (Raghu) Raghuram sold 24,778 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $140.62, for a total value of $3,484,282.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,120 shares of company stock worth $10,678,437. 28.80% of the stock is currently owned by corporate insiders.

Several equities analysts have recently weighed in on VMW shares. Stifel Nicolaus reduced their price objective on VMware from $160.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, August 23rd. Goldman Sachs Group raised VMware from a “sell” rating to a “neutral” rating and set a $152.00 price objective on the stock in a research note on Thursday, September 5th. Monness Crespi & Hardt reaffirmed a “hold” rating on shares of VMware in a research note on Friday, August 23rd. Citigroup reduced their price objective on VMware from $212.00 to $183.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Finally, ValuEngine lowered VMware from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $175.09.

Shares of VMW traded down $1.62 during trading on Friday, reaching $152.42. The company’s stock had a trading volume of 31,844 shares, compared to its average volume of 2,299,117. The company has a fifty day moving average of $152.93 and a two-hundred day moving average of $175.07. VMware, Inc. has a twelve month low of $128.69 and a twelve month high of $206.80. The company has a market cap of $63.03 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 2.39 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 0.96 and a debt-to-equity ratio of 0.93.

VMware (NYSE:VMW) last announced its earnings results on Thursday, August 22nd. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.45. VMware had a return on equity of 47.55% and a net margin of 66.00%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the company posted $1.54 EPS. VMware’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities analysts forecast that VMware, Inc. will post 4.86 EPS for the current fiscal year.

VMware Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

Further Reading: Mutual Funds

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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