Lingohr & Partner Asset Management GmbH decreased its stake in shares of Vmware, Inc. (NYSE:VMW) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,200 shares of the virtualization software provider’s stock after selling 100 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Vmware were worth $756,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VMW. BlackRock Inc. boosted its position in shares of Vmware by 4,817.7% during the first 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 last quarter. Renaissance Technologies LLC boosted its position in shares of Vmware by 28.2% during the first 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 last quarter. Old Mutual Global Investors UK Ltd. boosted its position in shares of Vmware by 40.6% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,623,891 shares of the virtualization software provider’s stock valued at $141,976,000 after buying an additional 468,812 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Vmware by 9.9% during the first 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 last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Vmware by 311.6% during the first 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 last quarter. 21.81% of the stock is currently owned by institutional investors.

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Vmware, Inc. (VMW) traded down 0.45% during trading on Friday, reaching $110.25. The company had a trading volume of 1,257,925 shares. The firm has a market capitalization of $45.09 billion, a P/E ratio of 39.69 and a beta of 0.74. The firm’s 50-day moving average price is $100.28 and its 200 day moving average price is $93.70. Vmware, Inc. has a one year low of $72.05 and a one year high of $111.61.

Vmware (NYSE:VMW) last posted its quarterly earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.04. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. Equities analysts forecast that Vmware, Inc. will post $5.06 earnings per share for the current fiscal year.

Vmware declared that its Board of Directors has authorized a share buyback plan on Monday, August 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the virtualization software provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other Vmware news, insider P. Kevan Krysler sold 13,751 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $107.69, for a total transaction of $1,480,845.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were 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. Over the last three months, insiders have sold 41,342 shares of company stock worth $4,045,490. Insiders own 0.52% of the company’s stock.

Several research analysts recently issued reports on VMW shares. Cowen and Company lifted their target price on Vmware from $92.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Zacks Investment Research cut Vmware from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Robert W. Baird raised Vmware from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $90.00 to $115.00 in a research report on Wednesday, May 31st. Royal Bank Of Canada lifted their target price on Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 31st. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $95.00 target price on shares of Vmware in a research report on Thursday, June 1st. Thirteen investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Vmware presently has an average rating of “Buy” and an average price target of $112.00.

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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