Dimensional Fund Advisors LP Acquires 796 Shares of Vmware, Inc. (VMW)
Dimensional Fund Advisors LP lifted its holdings in shares of Vmware, Inc. (NYSE:VMW) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,919 shares of the virtualization software provider’s stock after acquiring an additional 796 shares during the period. Dimensional Fund Advisors LP’s holdings in Vmware were worth $7,862,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Investec Asset Management LTD increased its position in shares of Vmware by 3.0% during the second quarter. Investec Asset Management LTD now owns 2,669,142 shares of the virtualization software provider’s stock worth $233,363,000 after acquiring an additional 78,558 shares in the last quarter. JPMorgan Chase & Co. grew its position in Vmware by 8.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,319,421 shares of the virtualization software provider’s stock worth $202,786,000 after purchasing an additional 184,648 shares in the last quarter. Wells Fargo & Company MN grew its position in Vmware by 4.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,686,824 shares of the virtualization software provider’s stock worth $147,479,000 after purchasing an additional 74,582 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its position in Vmware by 40.6% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,623,891 shares of the virtualization software provider’s stock worth $141,976,000 after purchasing an additional 468,812 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Vmware by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 1,513,517 shares of the virtualization software provider’s stock worth $132,327,000 after purchasing an additional 93,014 shares in the last quarter. 22.27% of the stock is owned by institutional investors.
Shares of Vmware, Inc. (NYSE VMW) opened at $123.26 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market cap of $50,493.83, a P/E ratio of 34.72, a P/E/G ratio of 2.83 and a beta of 0.67. Vmware, Inc. has a twelve month low of $76.81 and a twelve month high of $123.50.
Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. analysts forecast that Vmware, Inc. will post 3.79 earnings per share for the current fiscal year.
Vmware declared that its Board of Directors has approved a share buyback program 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 programs are often a sign that the company’s board of directors believes its shares are undervalued.
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VMW has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on shares of Vmware from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 15th. Drexel Hamilton reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Vmware in a research report on Thursday, November 2nd. Deutsche Bank AG upped their price objective on shares of Vmware from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Bank of America Corporation reaffirmed a “buy” rating and issued a $125.00 price objective (up from $120.00) on shares of Vmware in a research report on Thursday, September 14th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Vmware in a research report on Tuesday, August 29th. Fifteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Vmware currently has an average rating of “Buy” and a consensus target price of $116.00.
In other news, COO Rajiv Ramaswami sold 9,747 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $118.16, for a total value of $1,151,705.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $107.82, for a total transaction of $646,920.00. 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. Insiders own 0.52% of the company’s stock.
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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