Mackenzie Financial Corp Sells 8,711 Shares of Vmware, Inc. (VMW)

Mackenzie Financial Corp cut its position in Vmware, Inc. (NYSE:VMW) by 2.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 351,663 shares of the virtualization software provider’s stock after selling 8,711 shares during the quarter. Mackenzie Financial Corp owned approximately 0.09% of Vmware worth $38,398,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Investec Asset Management LTD raised its holdings in Vmware by 0.5% in the third quarter. Investec Asset Management LTD now owns 2,682,460 shares of the virtualization software provider’s stock worth $292,898,000 after purchasing an additional 13,318 shares in the last quarter. Voya Investment Management LLC raised its holdings in Vmware by 25.7% in the second quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock worth $230,241,000 after purchasing an additional 538,393 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Vmware by 2.6% in the third quarter. JPMorgan Chase & Co. now owns 2,379,344 shares of the virtualization software provider’s stock worth $259,824,000 after purchasing an additional 59,923 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Vmware by 302.3% during the third quarter. APG Asset Management N.V. now owns 2,044,921 shares of the virtualization software provider’s stock worth $223,285,000 after acquiring an additional 1,536,600 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Vmware by 6.3% during the third quarter. Wells Fargo & Company MN now owns 1,792,367 shares of the virtualization software provider’s stock worth $195,708,000 after acquiring an additional 105,543 shares during the last quarter. Institutional investors and hedge funds own 22.21% of the company’s stock.

Shares of Vmware, Inc. (VMW) traded down $0.55 during midday trading on Wednesday, reaching $114.54. The company had a trading volume of 2,680,200 shares, compared to its average volume of 1,621,152. The stock has a market capitalization of $47,146.96, a price-to-earnings ratio of 31.19, a P/E/G 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 current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.10.

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 Zacks’ consensus estimate of $1.27 by $0.07. The firm 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%. Vmware’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. sell-side analysts anticipate that Vmware, Inc. will post 3.8 earnings per share for the current year.

Vmware announced that its board has approved a stock buyback program 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 reacquire up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

In other Vmware news, COO Rajiv Ramaswami sold 9,747 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $118.16, for a total value of $1,151,705.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Sanjay Poonen sold 1,134 shares of the company’s 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 completion of the sale, the chief operating officer now owns 192,774 shares in the company, valued at approximately $20,532,358.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 446,563 shares of company stock worth $48,896,887. 34.40% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on VMW shares. Citigroup boosted their price target on Vmware from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Mizuho boosted their price target on Vmware from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, August 14th. Robert W. Baird set a $115.00 price target on Vmware and gave the stock a “buy” rating in a research note on Monday, August 14th. Cowen restated a “market perform” rating and set a $104.00 price target (up previously from $98.00) on shares of Vmware in a research note on Monday, August 14th. Finally, BMO Capital Markets boosted their price target on Vmware from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 15th. Fifteen equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $124.50.

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Vmware Company Profile

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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