Boston Advisors LLC Has $16.92 Million Stake in Vmware, Inc. (VMW)

Boston Advisors LLC boosted its stake in shares of Vmware, Inc. (NYSE:VMW) by 28.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,960 shares of the virtualization software provider’s stock after purchasing an additional 33,980 shares during the period. Boston Advisors LLC’s holdings in Vmware were worth $16,920,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Vmware by 4,817.7% in the 1st quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock valued at $469,811,000 after acquiring an additional 4,995,179 shares during the period. APG Asset Management N.V. raised its stake in shares of Vmware by 302.3% in the 3rd quarter. APG Asset Management N.V. now owns 2,044,921 shares of the virtualization software provider’s stock valued at $223,285,000 after acquiring an additional 1,536,600 shares during the period. Janus Henderson Group PLC raised its stake in shares of Vmware by 6,030.7% in the 2nd quarter. Janus Henderson Group PLC now owns 806,433 shares of the virtualization software provider’s stock valued at $70,506,000 after acquiring an additional 793,279 shares during the period. Voya Investment Management LLC raised its stake in shares of Vmware by 25.7% in the 2nd quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock valued at $230,241,000 after acquiring an additional 538,393 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Vmware by 75.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,169,757 shares of the virtualization software provider’s stock valued at $102,272,000 after acquiring an additional 501,400 shares during the period. 22.27% of the stock is currently owned by institutional investors.

In related news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $107.82, for a total value of $646,920.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Rajiv Ramaswami sold 9,747 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $118.16, for a total transaction of $1,151,705.52. The disclosure for this sale can be found here. Insiders have sold a total of 466,314 shares of company stock worth $51,024,652 over the last 90 days. 0.52% of the stock is owned by insiders.

Shares of Vmware, Inc. (NYSE:VMW) traded up $1.18 during trading hours on Friday, reaching $122.15. 1,279,600 shares of the company traded hands, compared to its average volume of 1,542,264. Vmware, Inc. has a 12-month low of $74.85 and a 12-month high of $122.21. The company has a market cap of $49,555.73, a P/E ratio of 34.08, a PEG ratio of 2.77 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.98 and a current ratio of 1.98.

Vmware (NYSE:VMW) last released its quarterly earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm earned $0.97 EPS. Vmware’s revenue was up 12.2% on a year-over-year basis. sell-side analysts anticipate that Vmware, Inc. will post 3.79 EPS for the current fiscal year.

Vmware announced that its board has approved a share repurchase program on Monday, August 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the virtualization software provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of equities analysts have recently commented on the stock. Berenberg Bank reissued a “hold” rating and issued a $94.00 target price on shares of Vmware in a research note on Tuesday, August 29th. Bank of America Corporation raised shares of Vmware from a “neutral” rating to a “buy” rating and raised their target price for the company from $108.00 to $120.00 in a research note on Friday, August 25th. Zacks Investment Research downgraded shares of Vmware from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Robert W. Baird reissued a “buy” rating and issued a $125.00 target price on shares of Vmware in a research note on Wednesday, October 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $123.00 price target (up from $115.00) on shares of Vmware in a report on Wednesday, September 27th. Fifteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $115.35.

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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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