GSA Capital Partners LLP Sells 6,284 Shares of VMware, Inc. (VMW)

GSA Capital Partners LLP reduced its holdings in shares of VMware, Inc. (NYSE:VMW) by 25.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,734 shares of the virtualization software provider’s stock after selling 6,284 shares during the period. GSA Capital Partners LLP’s holdings in VMware were worth $2,046,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VMW. Dimensional Fund Advisors LP boosted its position in shares of VMware by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 89,123 shares of the virtualization software provider’s stock valued at $8,211,000 after acquiring an additional 875 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of VMware by 69.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 288,962 shares of the virtualization software provider’s stock valued at $25,264,000 after acquiring an additional 118,092 shares in the last quarter. Arizona State Retirement System boosted its position in shares of VMware by 423.1% during the 2nd quarter. Arizona State Retirement System now owns 21,449 shares of the virtualization software provider’s stock valued at $1,875,000 after acquiring an additional 17,349 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of VMware by 0.3% during 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. Finally, Legal & General Group Plc boosted its position in shares of VMware by 3.5% during the 2nd quarter. Legal & General Group Plc now owns 344,800 shares of the virtualization software provider’s stock valued at $30,145,000 after acquiring an additional 11,548 shares in the last quarter. Institutional investors and hedge funds own 22.21% of the company’s stock.

In other VMware news, Director Egon Durban sold 435,682 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $120.40, for a total transaction of $2,815,072.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 471,574 shares of company stock valued at $51,918,711. Insiders own 34.40% of the company’s stock.

Several brokerages have recently weighed in on VMW. Stifel Nicolaus lifted their target price on shares of VMware from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Sunday, December 3rd. CIBC lifted their target price on shares of VMware from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. Drexel Hamilton reiterated a “buy” rating and set a $120.00 target price on shares of VMware in a research report on Thursday, November 30th. Robert W. Baird reiterated a “buy” rating and set a $135.00 target price on shares of VMware in a research report on Friday, December 1st. Finally, Deutsche Bank restated a “buy” rating and issued a $145.00 price target on shares of VMware in a research report on Friday, December 1st. Fifteen investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $124.50.

Shares of VMware, Inc. (VMW) traded up $2.55 during midday trading on Friday, hitting $123.80. 1,930,000 shares of the company’s stock were exchanged, compared to its average volume of 2,442,485. VMware, Inc. has a one year low of $77.94 and a one year high of $127.60. The company has a market capitalization of $49,908.48, a P/E ratio of 33.55, a PEG ratio of 2.85 and a beta of 0.67. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.86.

VMware (NYSE:VMW) last announced its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.07. VMware had a net margin of 18.97% and a return on equity of 18.57%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. research analysts expect that VMware, Inc. will post 3.77 earnings per share for the current year.

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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).

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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