Candriam Luxembourg S.C.A. reduced its stake in Vmware, Inc. (NYSE:VMW) by 42.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,585 shares of the virtualization software provider’s stock after selling 25,794 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Vmware were worth $3,111,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Advantage Investment Management LLC acquired a new stake in Vmware during the first quarter valued at $139,000. Financial Architects Inc acquired a new stake in Vmware during the first quarter valued at $140,000. Oppenheimer Asset Management Inc. acquired a new stake in Vmware during the first quarter valued at $141,000. Penserra Capital Management LLC boosted its stake 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 period. Finally, VNBTrust National Association acquired a new stake in Vmware during the first quarter valued at $203,000. Institutional investors and hedge funds own 21.86% of the company’s stock.

Shares of Vmware, Inc. (VMW) opened at 93.40 on Wednesday. The company has a 50 day moving average price of $90.15 and a 200 day moving average price of $90.81. The company has a market cap of $38.15 billion, a price-to-earnings ratio of 33.62 and a beta of 0.77. Vmware, Inc. has a one year low of $70.26 and a one year high of $98.00.

Vmware (NYSE:VMW) last issued its earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.04. The company had revenue of $1.74 billion during 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. Equities analysts predict that Vmware, Inc. will post $4.93 EPS for the current year.

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Several equities research analysts have weighed in on VMW shares. Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 price objective (up previously from $105.00) on shares of Vmware in a report on Saturday, June 3rd. MKM Partners reiterated a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Vmware in a report on Thursday, June 1st. Drexel Hamilton reiterated a “buy” rating and issued a $113.00 price objective (up previously from $105.00) on shares of Vmware in a report on Monday, June 5th. BidaskClub cut Vmware from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Stifel Nicolaus upgraded Vmware from a “hold” rating to a “buy” rating and increased their price objective for the stock from $96.00 to $109.00 in a report on Wednesday, June 21st. Seventeen equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $97.81.

In related news, EVP Maurizio Carli sold 11,237 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $94.66, for a total value of $1,063,694.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Rajiv Ramaswami sold 20,457 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $87.84, for a total value of $1,796,942.88. Following the completion of the transaction, the chief operating officer now owns 313,721 shares of the company’s stock, valued at approximately $27,557,252.64. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

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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