Macquarie Group Ltd. trimmed its holdings in shares of VMware, Inc. (NYSE:VMW) by 24.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,944 shares of the virtualization software provider’s stock after selling 36,490 shares during the period. Macquarie Group Ltd.’s holdings in VMware were worth $16,452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Pillar Pacific Capital Management LLC increased its holdings in shares of VMware by 2.4% during the second quarter. Pillar Pacific Capital Management LLC now owns 17,420 shares of the virtualization software provider’s stock valued at $2,560,000 after purchasing an additional 400 shares during the period. Atria Investments LLC increased its holdings in shares of VMware by 8.4% during the second quarter. Atria Investments LLC now owns 5,949 shares of the virtualization software provider’s stock valued at $874,000 after purchasing an additional 460 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of VMware by 0.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 94,794 shares of the virtualization software provider’s stock valued at $13,932,000 after purchasing an additional 490 shares during the period. BB&T Corp increased its holdings in shares of VMware by 13.5% during the second quarter. BB&T Corp now owns 4,170 shares of the virtualization software provider’s stock valued at $613,000 after purchasing an additional 496 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of VMware by 6.2% during the first quarter. Amalgamated Bank now owns 8,812 shares of the virtualization software provider’s stock valued at $1,069,000 after purchasing an additional 515 shares during the period. 20.11% of the stock is currently owned by institutional investors.

Shares of VMW stock opened at $153.00 on Friday. VMware, Inc. has a fifty-two week low of $107.12 and a fifty-two week high of $165.00. The stock has a market cap of $62.41 billion, a P/E ratio of 39.64, a PEG ratio of 2.45 and a beta of 0.57. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.41.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. VMware had a return on equity of 20.00% and a net margin of 18.77%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the company posted $1.19 EPS. VMware’s revenue for the quarter was up 12.5% on a year-over-year basis. sell-side analysts predict that VMware, Inc. will post 4.73 EPS for the current fiscal year.

In related news, COO Rangarajan (Raghu) Raghuram sold 38,000 shares of the stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $154.98, for a total value of $5,889,240.00. Following the completion of the transaction, the chief operating officer now owns 297,193 shares in the company, valued at approximately $46,058,971.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Rajiv Ramaswami sold 6,000 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $160.00, for a total value of $960,000.00. The disclosure for this sale can be found here. Insiders sold a total of 128,518 shares of company stock valued at $20,027,627 in the last quarter. 29.90% of the stock is currently owned by corporate insiders.

A number of research analysts have recently commented on VMW shares. Barclays raised their price target on VMware from $154.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, June 1st. Royal Bank of Canada reissued a “buy” rating and set a $172.00 price target on shares of VMware in a report on Friday, July 6th. Wells Fargo & Co raised their price target on VMware from $135.00 to $155.00 and gave the company a “market perform” rating in a report on Tuesday, July 10th. Zacks Investment Research cut VMware from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Finally, Stifel Nicolaus raised their target price on VMware from $122.00 to $142.00 and gave the company a “hold” rating in a research note on Friday, August 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company. VMware presently has a consensus rating of “Buy” and an average target price of $155.35.

VMware Profile

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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