Commerzbank Aktiengesellschaft FI lowered its position in VMware, Inc. (NYSE:VMW) by 67.4% in the 4th quarter, HoldingsChannel reports. The fund owned 2,060 shares of the virtualization software provider’s stock after selling 4,262 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in VMware were worth $258,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. USA Financial Portformulas Corp raised its position in shares of VMware by 3.5% in the 2nd quarter. USA Financial Portformulas Corp now owns 6,000 shares of the virtualization software provider’s stock worth $525,000 after acquiring an additional 202 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of VMware by 3.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,638 shares of the virtualization software provider’s stock worth $754,000 after acquiring an additional 266 shares in the last quarter. BB&T Corp raised its position in shares of VMware by 12.9% in the 3rd quarter. BB&T Corp now owns 4,049 shares of the virtualization software provider’s stock worth $442,000 after acquiring an additional 462 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of VMware by 2.8% in the 3rd quarter. CIBC Asset Management Inc now owns 17,321 shares of the virtualization software provider’s stock worth $1,891,000 after acquiring an additional 465 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its position in shares of VMware by 6.9% in the 3rd quarter. ETRADE Capital Management LLC now owns 7,226 shares of the virtualization software provider’s stock worth $789,000 after acquiring an additional 466 shares in the last quarter. 22.45% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on VMW. Zacks Investment Research raised VMware from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research report on Wednesday, October 25th. Barclays raised their price objective on VMware from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 6th. Deutsche Bank raised their price objective on VMware from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Mizuho reaffirmed a “hold” rating and set a $110.00 price objective on shares of VMware in a research report on Friday, November 17th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $140.00 price objective on shares of VMware in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $130.00.

In other news, COO Sanjay Poonen sold 2,764 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $118.50, for a total value of $327,534.00. Following the transaction, the chief operating officer now directly owns 189,391 shares in the company, valued at approximately $22,442,833.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $120.40, for a total value of $2,815,072.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,726 shares of company stock worth $4,774,927. Company insiders own 34.40% of the company’s stock.

Shares of VMware, Inc. (NYSE:VMW) opened at $112.90 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86. VMware, Inc. has a 52 week low of $85.45 and a 52 week high of $165.00. The company has a market capitalization of $45,510.00, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 2.42 and a beta of 0.81.

VMware (NYSE:VMW) last issued its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.27 by $0.07. VMware had a return on equity of 18.57% and a net margin of 18.97%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the business posted $1.14 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. equities research analysts anticipate that VMware, Inc. will post 3.77 earnings per share for the current year.

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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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