Dana Investment Advisors Inc. raised its holdings in shares of Vmware, Inc. (NYSE:VMW) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,819 shares of the virtualization software provider’s stock after purchasing an additional 1,566 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Vmware were worth $9,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Alps Advisors Inc. grew its stake in Vmware by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,299 shares of the virtualization software provider’s stock valued at $463,000 after purchasing an additional 14 shares in the last quarter. Federated Investors Inc. PA grew its stake in Vmware by 0.4% during the 2nd quarter. Federated Investors Inc. PA now owns 15,323 shares of the virtualization software provider’s stock valued at $1,339,000 after purchasing an additional 66 shares in the last quarter. Capstone Asset Management Co. grew its stake in Vmware by 2.4% during the 2nd quarter. Capstone Asset Management Co. now owns 3,829 shares of the virtualization software provider’s stock valued at $335,000 after purchasing an additional 90 shares in the last quarter. Laurion Capital Management LP grew its stake in Vmware by 2.8% during the 2nd quarter. Laurion Capital Management LP now owns 3,700 shares of the virtualization software provider’s stock valued at $323,000 after purchasing an additional 100 shares in the last quarter. Finally, CFO4Life Group LLC grew its stake in Vmware by 2.2% during the 2nd quarter. CFO4Life Group LLC now owns 5,644 shares of the virtualization software provider’s stock valued at $493,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 21.82% of the company’s stock.

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In other Vmware news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $107.82, for a total value of $646,920.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider P. Kevan Krysler sold 13,751 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $107.69, for a total value of $1,480,845.19. The disclosure for this sale can be found here. Insiders sold a total of 41,342 shares of company stock worth $4,045,490 over the last quarter. Corporate insiders own 0.52% of the company’s stock.

Shares of Vmware, Inc. (VMW) traded up 0.97% during mid-day trading on Thursday, reaching $111.66. The company’s stock had a trading volume of 590,181 shares. Vmware, Inc. has a 12 month low of $72.27 and a 12 month high of $112.00. The company has a 50 day moving average of $106.28 and a 200-day moving average of $95.52. The firm has a market capitalization of $45.66 billion, a P/E ratio of 40.19 and a beta of 0.72.

Vmware (NYSE:VMW) last announced its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. Equities research analysts forecast that Vmware, Inc. will post $5.07 EPS for the current year.

Vmware declared that its Board of Directors has approved a share buyback plan on Monday, August 14th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the virtualization software provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

VMW has been the subject of a number of recent analyst reports. BidaskClub lowered Vmware from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Stifel Nicolaus upgraded Vmware from a “hold” rating to a “buy” rating and raised their price objective for the company from $96.00 to $109.00 in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Vmware from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Thursday, July 13th. Citigroup Inc. raised their price objective on Vmware from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Finally, Mizuho raised their price objective on Vmware from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Thirteen research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Vmware presently has a consensus rating of “Buy” and a consensus target price of $112.28.

Vmware Profile

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).

Institutional Ownership by Quarter for Vmware (NYSE:VMW)

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