First Trust Advisors LP raised its position in shares of VMware, Inc. (NYSE:VMW) by 112.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,264,299 shares of the virtualization software provider’s stock after buying an additional 670,437 shares during the period. First Trust Advisors LP owned about 0.31% of VMware worth $189,721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. D.A. Davidson & CO. raised its holdings in VMware by 2.8% in the 2nd quarter. D.A. Davidson & CO. now owns 2,357 shares of the virtualization software provider’s stock worth $394,000 after purchasing an additional 64 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in VMware by 3.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,336 shares of the virtualization software provider’s stock worth $391,000 after purchasing an additional 69 shares in the last quarter. Advisor Group Inc. raised its holdings in VMware by 1.1% in the 2nd quarter. Advisor Group Inc. now owns 6,676 shares of the virtualization software provider’s stock worth $1,117,000 after purchasing an additional 71 shares in the last quarter. Holderness Investments Co. raised its holdings in VMware by 2.5% in the 2nd quarter. Holderness Investments Co. now owns 3,125 shares of the virtualization software provider’s stock worth $523,000 after purchasing an additional 75 shares in the last quarter. Finally, Forte Capital LLC ADV raised its holdings in VMware by 0.3% in the 3rd quarter. Forte Capital LLC ADV now owns 27,083 shares of the virtualization software provider’s stock worth $4,064,000 after purchasing an additional 80 shares in the last quarter. 17.63% of the stock is owned by institutional investors and hedge funds.

In other VMware news, CFO Zane Rowe sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $147.54, for a total transaction of $2,950,800.00. Following the sale, the chief financial officer now owns 138,565 shares in the company, valued at approximately $20,443,880.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Amy Fliegelman Olli sold 2,753 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $150.00, for a total transaction of $412,950.00. Following the sale, the vice president now owns 38,728 shares in the company, valued at approximately $5,809,200. The disclosure for this sale can be found here. In the last three months, insiders sold 104,109 shares of company stock worth $15,837,960. 28.80% of the stock is currently owned by insiders.

VMW has been the subject of several research reports. Oppenheimer restated an “outperform” rating and issued a $200.00 price objective on shares of VMware in a report on Friday, September 6th. Wells Fargo & Co upgraded shares of VMware from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $140.00 to $180.00 in a research note on Tuesday, October 1st. Wedbush set a $210.00 price target on shares of VMware and gave the stock a “buy” rating in a research note on Friday, August 23rd. Jefferies Financial Group decreased their price target on shares of VMware from $198.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Finally, Cleveland Research reiterated a “hold” rating on shares of VMware in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $173.50.

Shares of NYSE VMW traded up $1.31 during trading on Friday, reaching $164.95. 457,973 shares of the company traded hands, compared to its average volume of 1,337,091. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $66.59 billion, a PE ratio of 33.46, a P/E/G ratio of 2.50 and a beta of 0.92. The firm has a 50 day simple moving average of $154.30 and a 200-day simple moving average of $167.50. VMware, Inc. has a 52-week low of $128.69 and a 52-week high of $206.80.

VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, August 22nd. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.45. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.43 billion. VMware had a net margin of 66.00% and a return on equity of 47.55%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.54 earnings per share. As a group, research analysts predict that VMware, Inc. will post 4.87 EPS for the current 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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