Sapphire Star Partners LP purchased a new stake in Vmware, Inc. (NYSE:VMW) during the second quarter, Holdings Channel reports. The institutional investor purchased 2,400 shares of the virtualization software provider’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capstone Asset Management Co. increased its position in Vmware by 2.4% in the second quarter. Capstone Asset Management Co. now owns 3,829 shares of the virtualization software provider’s stock valued at $335,000 after buying an additional 90 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Vmware by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 24,556 shares of the virtualization software provider’s stock valued at $2,262,000 after buying an additional 115 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Vmware by 2.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,578 shares of the virtualization software provider’s stock valued at $514,000 after buying an additional 128 shares during the last quarter. CAPROCK Group Inc. increased its position in Vmware by 4.6% in the first quarter. CAPROCK Group Inc. now owns 3,094 shares of the virtualization software provider’s stock valued at $285,000 after buying an additional 135 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in Vmware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock valued at $169,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 21.86% of the company’s stock.

Shares of Vmware, Inc. (NYSE VMW) traded down 0.29% during trading on Friday, hitting $92.27. The stock had a trading volume of 1,031,710 shares. The stock has a market cap of $37.69 billion, a price-to-earnings ratio of 33.21 and a beta of 0.76. Vmware, Inc. has a 12 month low of $69.86 and a 12 month high of $98.00. The company’s 50 day moving average price is $89.67 and its 200 day moving average price is $90.03.

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

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Several research analysts have weighed in on the company. Royal Bank Of Canada restated a “buy” rating and issued a $97.00 price target on shares of Vmware in a research note on Wednesday, April 5th. Barclays PLC upgraded Vmware to a “hold” rating and set a $100.00 price target for the company in a research note on Monday, June 5th. BMO Capital Markets restated a “hold” rating and issued a $98.00 price target on shares of Vmware in a research note on Wednesday, April 5th. Maxim Group restated a “hold” rating and issued a $96.00 price target on shares of Vmware in a research note on Friday, June 2nd. Finally, BidaskClub downgraded Vmware from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Seventeen research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $96.67.

In related news, Director Egon Durban sold 666,354 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $89.14, for a total value of $59,398,795.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maurizio Carli sold 11,237 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $94.66, for a total value of $1,063,694.42. The disclosure for this sale can be found here. Insiders sold a total of 698,048 shares of company stock worth $62,259,433 in the last quarter. Company insiders own 0.52% of the company’s stock.

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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