DekaBank Deutsche Girozentrale decreased its position in Vmware, Inc. (NYSE:VMW) by 20.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,453 shares of the virtualization software provider’s stock after selling 41,023 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Vmware were worth $15,263,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Alps Advisors Inc. raised its holdings in Vmware by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,299 shares of the virtualization software provider’s stock valued at $463,000 after acquiring an additional 14 shares in the last quarter. Federated Investors Inc. PA raised its holdings in Vmware by 0.4% in the 2nd quarter. Federated Investors Inc. PA now owns 15,323 shares of the virtualization software provider’s stock valued at $1,339,000 after acquiring an additional 66 shares in the last quarter. Capstone Asset Management Co. raised its holdings in Vmware by 2.4% in the 2nd quarter. Capstone Asset Management Co. now owns 3,829 shares of the virtualization software provider’s stock valued at $335,000 after acquiring an additional 90 shares in the last quarter. Laurion Capital Management LP raised its holdings in Vmware by 2.8% in the 2nd quarter. Laurion Capital Management LP now owns 3,700 shares of the virtualization software provider’s stock valued at $323,000 after acquiring an additional 100 shares in the last quarter. Finally, CFO4Life Group LLC raised its holdings in Vmware by 2.2% in the 2nd quarter. CFO4Life Group LLC now owns 5,644 shares of the virtualization software provider’s stock valued at $493,000 after acquiring an additional 121 shares in the last quarter. 22.27% of the stock is owned by hedge funds and other institutional investors.
In other Vmware news, CFO Zane Rowe sold 6,000 shares of Vmware stock in a transaction dated Friday, September 1st. The stock was 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 is accessible through this link. Also, Director Egon Durban sold 435,682 shares of Vmware stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total value of $47,624,399.42. The disclosure for this sale can be found here. Insiders sold a total of 466,314 shares of company stock worth $51,024,652 in the last three months. Company insiders own 0.52% of the company’s stock.
Shares of Vmware, Inc. (NYSE VMW) traded up $1.92 during trading on Thursday, reaching $123.11. The company had a trading volume of 163,661 shares, compared to its average volume of 1,545,296. The firm has a market cap of $50,170.21, a P/E ratio of 34.50, a PEG ratio of 2.81 and a beta of 0.67. Vmware, Inc. has a twelve month low of $76.81 and a twelve month high of $122.63. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.98 and a quick ratio of 1.98.
Vmware (NYSE:VMW) last issued its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.04. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the business posted $0.97 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. equities research analysts predict that Vmware, Inc. will post 3.79 EPS for the current fiscal year.
Vmware announced that its board has initiated a share repurchase plan on Monday, August 14th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the virtualization software provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
TRADEMARK VIOLATION NOTICE: “DekaBank Deutsche Girozentrale Sells 41,023 Shares of Vmware, Inc. (VMW)” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/11/16/dekabank-deutsche-girozentrale-sells-41023-shares-of-vmware-inc-vmw.html.
Several equities analysts have commented on VMW shares. Zacks Investment Research raised Vmware from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a report on Monday, September 4th. Citigroup Inc. reaffirmed a “buy” rating and issued a $124.00 price target on shares of Vmware in a report on Monday, August 28th. Berenberg Bank reaffirmed a “hold” rating and issued a $94.00 price target on shares of Vmware in a report on Tuesday, August 29th. Jefferies Group LLC upped their price target on Vmware from $121.00 to $129.00 and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Credit Suisse Group started coverage on Vmware in a report on Tuesday, September 5th. They issued an “outperform” rating and a $130.00 price target for the company. Fifteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Vmware currently has a consensus rating of “Buy” and a consensus target price of $115.35.
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).
Want to see what other hedge funds are holding VMW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vmware, Inc. (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 MarketBeat.com's FREE daily email newsletter.