Accident Compensation Corp lowered its stake in Vmware, Inc. (NYSE:VMW) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,111 shares of the virtualization software provider’s stock after selling 1,800 shares during the period. Accident Compensation Corp’s holdings in Vmware were worth $2,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Investec Asset Management LTD raised its position in Vmware by 0.5% in the 3rd quarter. Investec Asset Management LTD now owns 2,682,460 shares of the virtualization software provider’s stock valued at $292,898,000 after purchasing an additional 13,318 shares in the last quarter. Voya Investment Management LLC raised its position in Vmware by 25.7% in the 2nd quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock valued at $230,241,000 after purchasing an additional 538,393 shares in the last quarter. JPMorgan Chase & Co. raised its position in Vmware by 2.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,379,344 shares of the virtualization software provider’s stock valued at $259,824,000 after purchasing an additional 59,923 shares in the last quarter. APG Asset Management N.V. raised its position in Vmware by 302.3% in the 3rd quarter. APG Asset Management N.V. now owns 2,044,921 shares of the virtualization software provider’s stock valued at $223,285,000 after purchasing an additional 1,536,600 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Vmware by 6.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,792,367 shares of the virtualization software provider’s stock valued at $195,708,000 after purchasing an additional 105,543 shares in the last quarter. 22.21% of the stock is currently owned by institutional investors.

In other Vmware news, COO Sanjay Poonen sold 1,134 shares of Vmware stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $106.51, for a total value of $120,782.34. Following the transaction, the chief operating officer now directly owns 192,774 shares in the company, valued at approximately $20,532,358.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Rajiv Ramaswami sold 9,747 shares of Vmware 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 446,563 shares of company stock worth $48,896,887. 34.40% of the stock is currently owned by corporate insiders.

VMW has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Tuesday, August 15th. Drexel Hamilton reissued a “buy” rating and set a $120.00 target price on shares of Vmware in a research report on Thursday, November 2nd. Deutsche Bank raised their target price on 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 reissued a “buy” rating and set a $125.00 target price (up previously from $120.00) on shares of Vmware in a research report on Thursday, September 14th. Finally, Oppenheimer reissued a “buy” rating on shares of Vmware in a research report on Tuesday, August 29th. Fifteen analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $124.50.

Vmware, Inc. (NYSE VMW) traded down $0.55 on Wednesday, reaching $114.54. The company’s stock had a trading volume of 2,680,200 shares, compared to its average volume of 1,621,152. The firm has a market capitalization of $47,146.96, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. Vmware, Inc. has a 52 week low of $77.94 and a 52 week high of $127.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.98 and a current ratio of 1.98.

Vmware (NYSE:VMW) last released its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. Vmware had a return on equity of 18.58% and a net margin of 18.97%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. sell-side analysts predict that Vmware, Inc. will post 3.8 earnings per share for the current fiscal year.

Vmware declared that its Board of Directors has authorized a stock repurchase plan 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 purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management 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).

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Institutional Ownership by Quarter for Vmware (NYSE:VMW)

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