Private Advisor Group LLC lessened its stake in Vmware, Inc. (NYSE:VMW) by 61.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,517 shares of the virtualization software provider’s stock after selling 4,001 shares during the period. Private Advisor Group LLC’s holdings in Vmware were worth $222,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in Vmware by 34.1% in the 1st quarter. Ameriprise Financial Inc. now owns 103,084 shares of the virtualization software provider’s stock worth $9,495,000 after purchasing an additional 26,199 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Vmware by 64.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 35,641 shares of the virtualization software provider’s stock worth $3,116,000 after purchasing an additional 13,946 shares in the last quarter. Nordea Investment Management AB boosted its position in Vmware by 13.5% in the 1st quarter. Nordea Investment Management AB now owns 5,329 shares of the virtualization software provider’s stock worth $491,000 after purchasing an additional 632 shares in the last quarter. Investec Asset Management North America Inc. boosted its position in Vmware by 4.2% in the 1st quarter. Investec Asset Management North America Inc. now owns 130,511 shares of the virtualization software provider’s stock worth $12,025,000 after purchasing an additional 5,223 shares in the last quarter. Finally, Hourglass Capital LLC purchased a new stake in Vmware in the 2nd quarter worth approximately $687,000. Institutional investors and hedge funds own 21.82% of the company’s stock.

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In related news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $107.82, for a total transaction of $646,920.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Rajiv Ramaswami sold 20,457 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $87.84, for a total value of $1,796,942.88. Following the transaction, the chief operating officer now owns 313,721 shares in the company, valued at $27,557,252.64. The disclosure for this sale can be found here. Insiders have sold 41,342 shares of company stock worth $4,045,490 over the last quarter. 0.52% of the stock is currently owned by company insiders.

Shares of Vmware, Inc. (NYSE VMW) opened at 109.15 on Friday. The company’s 50 day moving average price is $101.27 and its 200-day moving average price is $94.04. Vmware, Inc. has a 12 month low of $72.05 and a 12 month high of $111.61. The firm has a market capitalization of $44.64 billion, a P/E ratio of 39.29 and a beta of 0.74.

Vmware (NYSE:VMW) last released its earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.04. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts predict that Vmware, Inc. will post $5.07 earnings per share for the current fiscal year.

Vmware announced that its Board of Directors has approved a stock buyback program on Monday, August 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the virtualization software provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Several equities research analysts have commented on VMW shares. BMO Capital Markets upped their price objective on Vmware from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 15th. Jefferies Group LLC restated a “buy” rating and issued a $110.00 price objective (up previously from $105.00) on shares of Vmware in a research report on Saturday, June 3rd. Deutsche Bank AG upped their price objective on Vmware from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Bank of America Corporation restated a “buy” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Vmware in a research report on Thursday, September 14th. Finally, Morgan Stanley restated an “overweight” rating and issued a $107.00 price objective (up previously from $100.00) on shares of Vmware in a research report on Saturday, June 3rd. Fourteen research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Vmware currently has an average rating of “Buy” and an average target price of $112.00.

About Vmware

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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