Commerzbank Aktiengesellschaft FI purchased a new stake in Vmware, Inc. (NYSE:VMW) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 6,322 shares of the virtualization software provider’s stock, valued at approximately $690,000.

A number of other institutional investors also recently modified their holdings of VMW. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Vmware by 1,643.8% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock worth $139,000 after buying an additional 1,200 shares during the last quarter. Enterprise Financial Services Corp increased its holdings in shares of Vmware by 3,975.6% during the 3rd quarter. Enterprise Financial Services Corp now owns 1,671 shares of the virtualization software provider’s stock worth $182,000 after buying an additional 1,630 shares during the last quarter. Cadence Capital Management LLC acquired a new stake in shares of Vmware during the 3rd quarter worth approximately $204,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Vmware during the 3rd quarter worth approximately $210,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Vmware during the 3rd quarter worth approximately $214,000. 22.21% of the stock is currently owned by hedge funds and other institutional investors.

VMW has been the subject of several research reports. Berenberg Bank reiterated a “hold” rating and issued a $94.00 target price on shares of Vmware in a report on Tuesday, August 29th. Zacks Investment Research upgraded shares of Vmware from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a report on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 target price (up previously from $109.00) on shares of Vmware in a report on Friday, August 25th. BMO Capital Markets lifted their target price 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. Finally, MKM Partners reissued a “buy” rating and issued a $120.00 price target (up previously from $110.00) on shares of Vmware in a research report on Monday, August 28th. Fifteen equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $124.50.

In related news, COO Rajiv Ramaswami sold 9,747 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $118.16, for a total transaction of $1,151,705.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Egon Durban sold 435,682 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total transaction of $47,624,399.42. The disclosure for this sale can be found here. Insiders own 34.40% of the company’s stock.

Vmware, Inc. (NYSE VMW) traded up $2.35 during midday trading on Friday, reaching $119.57. 1,595,300 shares of the company’s stock were exchanged, compared to its average volume of 2,437,358. 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 capitalization of $48,019.53, a price-to-earnings ratio of 31.77, a PEG ratio of 2.70 and a beta of 0.67. Vmware, Inc. has a one year low of $77.94 and a one year high of $127.60.

Vmware (NYSE:VMW) last posted its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. Vmware had a net margin of 18.97% and a return on equity of 18.58%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the business posted $1.14 earnings per share. Vmware’s quarterly revenue was up 11.1% on a year-over-year basis. research analysts anticipate that Vmware, Inc. will post 3.77 EPS for the current year.

Vmware announced that its board has approved a share repurchase program on Monday, August 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the virtualization software provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are 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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