Mitsubishi UFJ Trust & Banking Corp raised its holdings in Vmware, Inc. (NYSE:VMW) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,118 shares of the virtualization software provider’s stock after buying an additional 2,320 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Vmware were worth $15,223,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VMW. BlackRock Inc. increased its holdings in 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 buying an additional 4,995,179 shares during the period. Renaissance Technologies LLC increased its holdings in Vmware by 28.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,160,400 shares of the virtualization software provider’s stock valued at $199,059,000 after buying an additional 475,800 shares during the period. Vanguard Group Inc. increased its holdings in Vmware by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 3,930,665 shares of the virtualization software provider’s stock valued at $362,171,000 after buying an additional 352,516 shares during the period. Mackenzie Financial Corp increased its holdings in Vmware by 311.6% in the 1st quarter. Mackenzie Financial Corp now owns 400,901 shares of the virtualization software provider’s stock valued at $36,939,000 after buying an additional 303,489 shares during the period. Finally, Bank of America Corp DE increased its holdings in Vmware by 72.0% in the 1st quarter. Bank of America Corp DE now owns 650,816 shares of the virtualization software provider’s stock valued at $59,967,000 after buying an additional 272,489 shares during the period. 21.81% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on VMW shares. Berenberg Bank reissued a “hold” rating and issued a $94.00 price target on shares of Vmware in a report on Tuesday, August 29th. Stifel Nicolaus reissued a “buy” rating and issued a $118.00 price target (up previously from $109.00) on shares of Vmware in a report on Friday, August 25th. BMO Capital Markets boosted their price target on shares of Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Tuesday, August 15th. MKM Partners reissued a “buy” rating and issued a $120.00 price target (up previously from $110.00) on shares of Vmware in a report on Monday, August 28th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $125.00 price target (up previously from $120.00) on shares of Vmware in a report on Thursday, August 31st. Sixteen analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $108.38.

In other Vmware news, COO Rajiv Ramaswami sold 20,457 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $87.84, for a total value of $1,796,942.88. Following the completion of the sale, the chief operating officer now owns 313,721 shares in the company, valued at approximately $27,557,252.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $107.82, for a total value of $646,920.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,208 shares of company stock valued at $3,924,708. Company insiders own 0.52% of the company’s stock.

Shares of Vmware, Inc. (NYSE:VMW) opened at 107.29 on Thursday. The company has a market capitalization of $43.95 billion, a PE ratio of 38.62 and a beta of 0.74. The stock has a 50 day moving average price of $96.99 and a 200-day moving average price of $92.85. Vmware, Inc. has a 52 week low of $72.05 and a 52 week high of $108.33.

Vmware (NYSE:VMW) last posted its quarterly earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. Vmware had a return on equity of 18.34% and a net margin of 17.81%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company earned $0.97 EPS. Vmware’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts expect that Vmware, Inc. will post $5.06 EPS for the current year.

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

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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)

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