Public Employees Retirement System of Ohio boosted its position in VMware, Inc. (NYSE:VMW) by 5.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,682 shares of the virtualization software provider’s stock after purchasing an additional 2,414 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in VMware were worth $8,140,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in VMware by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 669,382 shares of the virtualization software provider’s stock valued at $91,727,000 after buying an additional 42,595 shares during the last quarter. Dimensional Fund Advisors LP grew its position in VMware by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 106,875 shares of the virtualization software provider’s stock worth $14,674,000 after purchasing an additional 1,364 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in VMware during the 1st quarter worth approximately $239,000. Parallel Advisors LLC increased its stake in VMware by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 458 shares of the virtualization software provider’s stock valued at $83,000 after purchasing an additional 95 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in VMware by 14.0% during the 1st quarter. Rhumbline Advisers now owns 80,027 shares of the virtualization software provider’s stock valued at $14,446,000 after purchasing an additional 9,832 shares in the last quarter. Institutional investors and hedge funds own 17.49% of the company’s stock.

In other news, CFO Zane Rowe sold 22,579 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $175.21, for a total value of $3,956,066.59. Following the completion of the sale, the chief financial officer now directly owns 166,974 shares in the company, valued at $29,255,514.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Rangarajan (Raghu) Raghuram sold 24,778 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $140.62, for a total value of $3,484,282.36. The disclosure for this sale can be found here. Insiders sold 87,357 shares of company stock valued at $13,991,149 in the last ninety days. 28.80% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on VMW shares. Stifel Nicolaus lowered their price objective on shares of VMware from $160.00 to $150.00 and set a “hold” rating for the company in a research note on Friday, August 23rd. Bank of America cut their target price on VMware from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. BMO Capital Markets reduced their target price on VMware from $198.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 21st. Monness Crespi & Hardt reaffirmed a “hold” rating on shares of VMware in a research report on Friday, August 23rd. Finally, Credit Suisse Group dropped their price target on VMware from $185.00 to $170.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. VMware currently has a consensus rating of “Hold” and an average target price of $175.09.

NYSE:VMW traded up $0.22 during trading hours on Wednesday, reaching $153.53. The company had a trading volume of 84,902 shares, compared to its average volume of 2,275,998. The company has a debt-to-equity ratio of 7.57, a current ratio of 0.97 and a quick ratio of 0.97. VMware, Inc. has a 1-year low of $128.69 and a 1-year high of $206.80. The business’s 50 day moving average price is $153.38 and its 200-day moving average price is $175.16. The firm has a market cap of $62.87 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 2.30 and a beta of 0.89.

VMware (NYSE:VMW) last posted its earnings results on Thursday, August 22nd. The virtualization software provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.45. VMware had a net margin of 66.00% and a return on equity of 51.08%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the firm earned $1.54 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts expect that VMware, Inc. will post 4.86 earnings per share for the current fiscal year.

VMware Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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