First Quadrant L P CA lowered its stake in shares of Vmware, Inc. (NYSE:VMW) by 8.7% during the second quarter, Holdings Channel reports. The institutional investor owned 292,494 shares of the virtualization software provider’s stock after selling 27,826 shares during the period. First Quadrant L P CA owned about 0.07% of Vmware worth $25,573,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Aperio Group LLC boosted its stake in Vmware by 0.7% in the second quarter. Aperio Group LLC now owns 69,814 shares of the virtualization software provider’s stock valued at $6,104,000 after buying an additional 461 shares during the last quarter. Alpha Windward LLC boosted its stake in Vmware by 1,682.1% in the second quarter. Alpha Windward LLC now owns 5,275 shares of the virtualization software provider’s stock valued at $461,000 after buying an additional 4,979 shares during the last quarter. V Wealth Management LLC boosted its stake in Vmware by 4.1% in the second quarter. V Wealth Management LLC now owns 16,341 shares of the virtualization software provider’s stock valued at $1,426,000 after buying an additional 641 shares during the last quarter. Ardevora Asset Management LLP boosted its stake in Vmware by 11.2% in the second quarter. Ardevora Asset Management LLP now owns 276,900 shares of the virtualization software provider’s stock valued at $24,209,000 after buying an additional 28,000 shares during the last quarter. Finally, Cascade Investment Advisors Inc. bought a new stake in Vmware during the second quarter valued at about $927,000. 21.86% of the stock is currently owned by institutional investors and hedge funds.

Vmware, Inc. (NYSE VMW) traded up 0.62% during midday trading on Wednesday, hitting $91.57. The stock had a trading volume of 464,627 shares. The company’s 50-day moving average price is $89.93 and its 200 day moving average price is $89.99. The stock has a market cap of $37.40 billion, a P/E ratio of 32.96 and a beta of 0.76. Vmware, Inc. has a 12-month low of $68.33 and a 12-month high of $98.00.

Vmware (NYSE:VMW) last posted its quarterly earnings data on Thursday, June 1st. The virtualization software provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.71 billion. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. On average, equities research analysts predict that Vmware, Inc. will post $4.93 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on VMW. Zacks Investment Research upgraded shares of Vmware from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Thursday, July 13th. Bank of America Corporation restated a “neutral” rating and issued a $108.00 price target (up previously from $100.00) on shares of Vmware in a research report on Saturday, June 3rd. Mizuho restated a “neutral” rating and issued a $90.00 price target (up previously from $84.00) on shares of Vmware in a research report on Saturday, June 3rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $110.00 price objective on shares of Vmware in a research report on Friday, June 2nd. Finally, Maxim Group reiterated a “hold” rating and set a $96.00 price objective on shares of Vmware in a research report on Friday, June 2nd. Eighteen investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Vmware presently has a consensus rating of “Buy” and a consensus target price of $95.36.

In other Vmware news, EVP Maurizio Carli sold 11,237 shares of Vmware stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $94.66, for a total transaction of $1,063,694.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Rajiv Ramaswami sold 20,457 shares of Vmware stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $87.84, for a total value of $1,796,942.88. Following the sale, the chief operating officer now directly owns 313,721 shares in the company, valued at $27,557,252.64. The disclosure for this sale can be found here. Insiders sold 698,048 shares of company stock worth $62,259,433 over the last quarter. 0.52% of the stock is currently owned by corporate insiders.

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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