Candriam Luxembourg S.C.A. trimmed its position in shares of Vmware, Inc. (NYSE:VMW) by 86.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,955 shares of the virtualization software provider’s stock after selling 30,630 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Vmware were worth $541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Enterprise Financial Services Corp boosted its position in shares of Vmware by 3,975.6% during the third quarter. Enterprise Financial Services Corp now owns 1,671 shares of the virtualization software provider’s stock worth $182,000 after purchasing an additional 1,630 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Vmware during the third quarter worth $214,000. Penserra Capital Management LLC raised its holdings in shares of Vmware by 13.0% during the second quarter. Penserra Capital Management LLC now owns 2,080 shares of the virtualization software provider’s stock worth $181,000 after acquiring an additional 240 shares during the period. BlueMountain Capital Management LLC acquired a new stake in shares of Vmware during the second quarter worth $191,000. Finally, Murphy Capital Management Inc. acquired a new stake in shares of Vmware during the third quarter worth $245,000. 21.68% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on the stock. Mizuho reiterated a “hold” rating and issued a $110.00 price target on shares of Vmware in a research note on Friday. Barclays PLC reiterated a “buy” rating on shares of Vmware in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Vmware from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Drexel Hamilton restated a “buy” rating and set a $120.00 price objective on shares of Vmware in a research note on Thursday, November 2nd. Finally, KeyCorp restated a “hold” rating on shares of Vmware in a research note on Tuesday, October 17th. Fifteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $116.00.

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In other news, COO Rajiv Ramaswami sold 9,747 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider P. Kevan Krysler sold 13,751 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $107.69, for a total transaction of $1,480,845.19. The disclosure for this sale can be found here. Insiders sold 466,314 shares of company stock valued at $51,024,652 over the last 90 days. 0.52% of the stock is owned by company insiders.

Vmware, Inc. (VMW) opened at $124.06 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.10. The firm has a market cap of $50,493.83, a PE ratio of 34.72, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67. Vmware, Inc. has a 1 year low of $76.81 and a 1 year high of $124.35.

Vmware (NYSE:VMW) last released its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the business earned $0.97 earnings per share. Vmware’s revenue was up 12.2% compared to the same quarter last year. sell-side analysts expect that Vmware, Inc. will post 3.79 EPS for the current fiscal year.

Vmware announced that its Board of Directors has initiated a stock repurchase plan on Monday, August 14th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the virtualization software provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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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