Teacher Retirement System of Texas cut its stake in Vmware, Inc. (NYSE:VMW) by 17.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,139 shares of the virtualization software provider’s stock after selling 18,994 shares during the period. Teacher Retirement System of Texas’ holdings in Vmware were worth $8,056,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Advantage Investment Management LLC acquired a new stake in shares of Vmware during the first quarter valued at $139,000. Financial Architects Inc acquired a new stake in shares of Vmware during the first quarter valued at $140,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Vmware during the first quarter valued at $141,000. Penserra Capital Management LLC increased its stake in shares of Vmware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock valued at $169,000 after buying an additional 160 shares during the last quarter. Finally, Eagle Global Advisors LLC acquired a new stake in shares of Vmware during the second quarter valued at $203,000. Hedge funds and other institutional investors own 21.82% of the company’s stock.

Shares of Vmware, Inc. (NYSE VMW) opened at 98.02 on Tuesday. Vmware, Inc. has a 12 month low of $70.26 and a 12 month high of $98.20. The firm’s 50-day moving average price is $90.87 and its 200-day moving average price is $91.37. The firm has a market cap of $40.03 billion, a PE ratio of 35.28 and a beta of 0.77.

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

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VMW has been the topic of several recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 price target (up from $105.00) on shares of Vmware in a report on Saturday, June 3rd. MKM Partners reiterated a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Vmware in a report on Thursday, June 1st. Drexel Hamilton reiterated a “buy” rating and issued a $113.00 price target (up from $105.00) on shares of Vmware in a report on Monday, June 5th. BidaskClub downgraded Vmware from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Stifel Nicolaus upgraded Vmware from a “hold” rating to a “buy” rating and increased their price target for the stock from $96.00 to $109.00 in a report on Wednesday, June 21st. Eighteen analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $99.35.

In related news, EVP Maurizio Carli sold 11,237 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $94.66, for a total value of $1,063,694.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Rajiv Ramaswami sold 20,457 shares of the stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 313,721 shares in the company, valued at approximately $27,557,252.64. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

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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