Smith Asset Management Group LP reduced its position in shares of Vmware, Inc. (NYSE:VMW) by 14.7% during the second quarter, Holdings Channel reports. The fund owned 445,170 shares of the virtualization software provider’s stock after selling 76,620 shares during the period. Vmware comprises about 1.2% of Smith Asset Management Group LP’s investment portfolio, making the stock its 24th largest position. Smith Asset Management Group LP’s holdings in Vmware were worth $38,921,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of VMW. Dimensional Fund Advisors LP boosted its stake in shares of Vmware by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 88,248 shares of the virtualization software provider’s stock valued at $6,948,000 after buying an additional 3,728 shares in the last quarter. Creative Planning boosted its stake in shares of Vmware by 264.8% in the first quarter. Creative Planning now owns 20,161 shares of the virtualization software provider’s stock valued at $1,858,000 after buying an additional 14,634 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Vmware by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 24,556 shares of the virtualization software provider’s stock valued at $2,262,000 after buying an additional 115 shares in the last quarter. VNBTrust National Association purchased a new stake in shares of Vmware during the first quarter valued at $203,000. Finally, Capstone Asset Management Co. boosted its stake in shares of Vmware by 8.4% in the first quarter. Capstone Asset Management Co. now owns 3,739 shares of the virtualization software provider’s stock valued at $345,000 after buying an additional 290 shares in the last quarter. 21.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of Vmware, Inc. (NYSE:VMW) opened at 92.00 on Friday. The stock’s 50 day moving average is $90.63 and its 200 day moving average is $91.11. The company has a market cap of $37.57 billion, a P/E ratio of 33.12 and a beta of 0.77. Vmware, Inc. has a 12 month low of $70.26 and a 12 month high of $98.00.

Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.04. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.71 billion. Vmware had a net margin of 17.36% and a return on equity of 17.19%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 EPS. On average, analysts anticipate that Vmware, Inc. will post $4.94 EPS for the current fiscal year.

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Several analysts have weighed in on the stock. Maxim Group reaffirmed a “hold” rating and set a $96.00 price objective on shares of Vmware in a research note on Friday, June 2nd. Stifel Nicolaus upped their price objective on shares of Vmware from $88.00 to $96.00 and gave the stock a “hold” rating in a research note on Friday, June 2nd. BMO Capital Markets decreased their price objective on shares of Vmware from $105.00 to $98.00 and set a “market perform” rating on the stock in a research note on Friday, June 2nd. MKM Partners reaffirmed a “buy” rating and set a $110.00 price objective (up from $100.00) on shares of Vmware in a research note on Thursday, June 1st. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $95.00 price objective on shares of Vmware in a research note on Thursday, June 1st. Seventeen research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $97.81.

In related news, EVP Maurizio Carli sold 11,237 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $94.66, for a total transaction of $1,063,694.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Rajiv Ramaswami sold 20,457 shares of the business’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $87.84, for a total transaction of $1,796,942.88. Following the transaction, the chief operating officer now owns 313,721 shares in the company, valued at approximately $27,557,252.64. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

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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