Tudor Investment Corp Et Al lowered its position in VMware, Inc. (NYSE:VMW) by 68.7% in the 2nd quarter, Holdings Channel reports. The fund owned 2,792 shares of the virtualization software provider’s stock after selling 6,127 shares during the quarter. Tudor Investment Corp Et Al’s holdings in VMware were worth $432,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of VMware by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,987,643 shares of the virtualization software provider’s stock worth $772,387,000 after acquiring an additional 28,593 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of VMware by 2.6% in the first quarter. Clearbridge Investments LLC now owns 3,607,847 shares of the virtualization software provider’s stock valued at $436,910,000 after purchasing an additional 92,827 shares during the period. Swedbank boosted its holdings in shares of VMware by 69.4% in the first quarter. Swedbank now owns 2,362,234 shares of the virtualization software provider’s stock valued at $286,067,000 after purchasing an additional 968,090 shares during the period. Nordea Investment Management AB boosted its holdings in shares of VMware by 170.1% in the second quarter. Nordea Investment Management AB now owns 2,288,184 shares of the virtualization software provider’s stock valued at $346,270,000 after purchasing an additional 1,440,981 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of VMware by 1.1% in the first quarter. Deutsche Bank AG now owns 1,677,955 shares of the virtualization software provider’s stock valued at $203,201,000 after purchasing an additional 18,677 shares during the period. 18.54% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on VMW. Stifel Nicolaus upgraded VMware from a “hold” rating to a “buy” rating and boosted their price target for the company from $166.00 to $196.00 in a report on Tuesday, June 23rd. Tigress Financial restated a “buy” rating on shares of VMware in a report on Monday, June 22nd. Oppenheimer restated a “buy” rating and set a $175.00 target price on shares of VMware in a report on Friday, May 29th. Cfra upgraded VMware from a “hold” rating to a “buy” rating and upped their target price for the stock from $154.00 to $180.00 in a report on Friday, May 29th. Finally, Northland Securities initiated coverage on VMware in a report on Thursday, September 3rd. They set an “outperform” rating and a $169.00 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $167.17.

Shares of VMware stock opened at $143.15 on Wednesday. The firm has a market capitalization of $60.14 billion, a PE ratio of 33.76, a P/E/G ratio of 2.40 and a beta of 0.67. VMware, Inc. has a twelve month low of $86.00 and a twelve month high of $173.37. The firm’s 50-day moving average price is $140.78 and its 200 day moving average price is $135.18. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73.

VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, August 27th. The virtualization software provider reported $1.81 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.36. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.80 billion. VMware had a net margin of 15.94% and a return on equity of 27.92%. VMware’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.60 EPS. On average, sell-side analysts predict that VMware, Inc. will post 4.4 EPS for the current fiscal year.

In other news, COO Sanjay Poonen sold 33,481 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $140.51, for a total transaction of $4,704,415.31. Following the completion of the sale, the chief operating officer now owns 261,997 shares in the company, valued at approximately $36,813,198.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Amy Fliegelman Olli sold 1,348 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $142.30, for a total transaction of $191,820.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,772 shares of company stock valued at $12,481,442. 28.50% of the stock is owned by insiders.

VMware Company 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.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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