Korea Investment CORP reduced its stake in VMware, Inc. (NYSE:VMW) by 86.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,383 shares of the virtualization software provider’s stock after selling 34,585 shares during the period. Korea Investment CORP’s holdings in VMware were worth $840,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of VMW. BlackRock Inc. boosted its holdings in shares of VMware by 44.5% in the third quarter. BlackRock Inc. now owns 5,501,102 shares of the virtualization software provider’s stock worth $858,503,000 after acquiring an additional 1,693,475 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of VMware by 40.0% in the second quarter. Renaissance Technologies LLC now owns 5,289,800 shares of the virtualization software provider’s stock worth $777,442,000 after acquiring an additional 1,512,500 shares during the period. Voya Investment Management LLC boosted its holdings in shares of VMware by 489.4% in the second quarter. Voya Investment Management LLC now owns 988,295 shares of the virtualization software provider’s stock worth $145,250,000 after acquiring an additional 820,619 shares during the period. Whale Rock Capital Management LLC bought a new position in shares of VMware in the second quarter worth $116,658,000. Finally, American Century Companies Inc. boosted its holdings in shares of VMware by 19,743.7% in the third quarter. American Century Companies Inc. now owns 412,749 shares of the virtualization software provider’s stock worth $64,414,000 after acquiring an additional 410,669 shares during the period. 18.57% of the stock is owned by hedge funds and other institutional investors.
In other VMware news, COO Rajiv Ramaswami sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $160.00, for a total transaction of $960,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Amy Fliegelman Olli sold 1,500 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $152.77, for a total value of $229,155.00. Following the sale, the vice president now owns 30,930 shares in the company, valued at approximately $4,725,176.10. The disclosure for this sale can be found here. Insiders have sold 49,829 shares of company stock worth $7,472,465 in the last 90 days. Company insiders own 29.90% of the company’s stock.
VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, November 29th. The virtualization software provider reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.42. VMware had a return on equity of 20.49% and a net margin of 17.03%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the company earned $1.34 earnings per share. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. Equities research analysts anticipate that VMware, Inc. will post 4.77 EPS for the current year.
A number of research firms have recently commented on VMW. Zacks Investment Research raised VMware from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Maxim Group raised their price target on VMware from $142.00 to $150.00 and gave the stock a “hold” rating in a report on Friday, August 24th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target on shares of VMware in a report on Friday, November 30th. Stifel Nicolaus raised their price target on VMware from $122.00 to $142.00 and gave the stock a “hold” rating in a report on Friday, August 24th. Finally, Jefferies Financial Group lifted their price objective on VMware from $186.00 to $196.00 and gave the company a “buy” rating in a research note on Friday, November 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. VMware currently has an average rating of “Buy” and a consensus price target of $170.10.
VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.
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