Nomura Asset Management Co. Ltd. decreased its stake in shares of Vmware, Inc. (NYSE:VMW) by 26.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,950 shares of the virtualization software provider’s stock after selling 3,668 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Vmware were worth $917,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Dodge & Cox purchased a new stake in shares of Vmware during the fourth quarter valued at approximately $745,926,000. BlackRock Inc. increased its stake in shares of Vmware by 4,817.7% in the first quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock valued at $469,811,000 after buying an additional 4,995,179 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in shares of Vmware by 846.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,155,079 shares of the virtualization software provider’s stock valued at $106,428,000 after buying an additional 1,033,040 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Vmware by 163.9% in the first quarter. Wells Fargo & Company MN now owns 1,612,242 shares of the virtualization software provider’s stock valued at $148,552,000 after buying an additional 1,001,289 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Vmware by 28.2% in the first quarter. Renaissance Technologies LLC now owns 2,160,400 shares of the virtualization software provider’s stock valued at $199,059,000 after buying an additional 475,800 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Shares of Vmware, Inc. (NYSE:VMW) opened at 88.37 on Friday. Vmware, Inc. has a one year low of $58.31 and a one year high of $98.00. The company’s 50-day moving average is $91.98 and its 200-day moving average is $89.17. The company has a market cap of $36.09 billion, a price-to-earnings ratio of 31.81 and a beta of 0.76.

Vmware (NYSE:VMW) last announced its earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.04. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.71 billion. Vmware had a net margin of 17.36% and a return on equity of 17.19%. Vmware’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 earnings per share. On average, equities analysts predict that Vmware, Inc. will post $4.93 EPS for the current year.

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Several analysts have recently commented on VMW shares. BTIG Research started coverage on shares of Vmware in a research report on Monday, April 17th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Vmware from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Monday, April 3rd. Cowen and Company raised their price objective on shares of Vmware from $92.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Royal Bank Of Canada raised their price objective on shares of Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 31st. Finally, Deutsche Bank AG raised their price objective on shares of Vmware from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Seventeen research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $95.81.

In other Vmware news, COO Rajiv Ramaswami sold 20,457 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 313,721 shares of the company’s stock, valued at $27,557,252.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Egon Durban sold 666,354 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $89.14, for a total transaction of $59,398,795.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 698,048 shares of company stock valued at $62,259,433. 0.52% of the stock is currently 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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