M&T Bank Corp lifted its stake in shares of Vmware, Inc. (NYSE:VMW) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,069 shares of the virtualization software provider’s stock after purchasing an additional 17 shares during the quarter. M&T Bank Corp’s holdings in Vmware were worth $1,317,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VMW. Oppenheimer Asset Management Inc. acquired a new position in shares of Vmware during the 1st quarter worth $141,000. Penserra Capital Management LLC grew its stake in shares of Vmware by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,080 shares of the virtualization software provider’s stock worth $181,000 after purchasing an additional 240 shares during the period. BlueMountain Capital Management LLC acquired a new position in shares of Vmware during the 2nd quarter worth $191,000. Eagle Global Advisors LLC acquired a new position in shares of Vmware during the 2nd quarter worth $203,000. Finally, BB&T Securities LLC acquired a new position in shares of Vmware during the 1st quarter worth $209,000. 21.82% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/vmware-inc-vmw-stake-boosted-by-mt-bank-corp/1600864.html.

In other news, insider P. Kevan Krysler sold 13,751 shares of Vmware stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $107.69, for a total transaction of $1,480,845.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Rajiv Ramaswami sold 20,457 shares of Vmware stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $87.84, for a total value of $1,796,942.88. Following the sale, the chief operating officer now owns 313,721 shares of the company’s stock, valued at $27,557,252.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,342 shares of company stock valued at $4,045,490. 0.52% of the stock is owned by corporate insiders.

A number of equities analysts have recently weighed in on VMW shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $110.00 price target (up from $105.00) on shares of Vmware in a research note on Saturday, June 3rd. Citigroup Inc. upped their price target on shares of Vmware from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Vmware from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Thursday, July 13th. Stifel Nicolaus raised shares of Vmware from a “hold” rating to a “buy” rating and upped their price target for the stock from $96.00 to $109.00 in a research note on Wednesday, June 21st. Finally, BidaskClub cut shares of Vmware from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Thirteen analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $112.28.

Shares of Vmware, Inc. (NYSE VMW) opened at 109.19 on Friday. The firm has a market cap of $44.65 billion, a P/E ratio of 39.31 and a beta of 0.74. Vmware, Inc. has a 52-week low of $72.05 and a 52-week high of $112.00. The company’s 50-day moving average is $101.27 and its 200-day moving average is $94.04.

Vmware (NYSE:VMW) last announced its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. The firm had revenue of $1.90 billion during 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 posted $0.97 EPS. Equities research analysts forecast that Vmware, Inc. will post $5.07 earnings per share for the current fiscal year.

Vmware announced that its Board of Directors has initiated a stock buyback plan on Monday, August 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the virtualization software provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

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).

Institutional Ownership by Quarter for Vmware (NYSE:VMW)

Receive News & Ratings for Vmware Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vmware Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.