Strs Ohio lowered its position in shares of Vmware, Inc. (NYSE:VMW) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,177 shares of the virtualization software provider’s stock after selling 7,233 shares during the period. Strs Ohio’s holdings in Vmware were worth $3,425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VMW. BlackRock Inc. raised its position in shares of Vmware by 4,817.7% in the first quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock worth $469,811,000 after buying an additional 4,995,179 shares during the period. Vanguard Group Inc. raised its position in shares of Vmware by 9.9% in the first quarter. Vanguard Group Inc. now owns 3,930,665 shares of the virtualization software provider’s stock worth $362,171,000 after buying an additional 352,516 shares during the period. Clearbridge Investments LLC raised its position in shares of Vmware by 10.6% in the first quarter. Clearbridge Investments LLC now owns 2,556,102 shares of the virtualization software provider’s stock worth $235,519,000 after buying an additional 244,512 shares during the period. FIL Ltd raised its position in shares of Vmware by 2.0% in the first quarter. FIL Ltd now owns 2,359,764 shares of the virtualization software provider’s stock worth $217,429,000 after buying an additional 45,525 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Vmware by 28.2% in the first quarter. Renaissance Technologies LLC now owns 2,160,400 shares of the virtualization software provider’s stock worth $199,059,000 after buying an additional 475,800 shares during the period. 21.86% of the stock is currently owned by institutional investors.

Shares of Vmware, Inc. (NYSE:VMW) opened at 93.40 on Wednesday. The stock has a market capitalization of $38.15 billion, a P/E ratio of 33.62 and a beta of 0.77. The stock’s 50 day moving average price is $90.15 and its 200-day moving average price is $90.81. Vmware, Inc. has a 1-year low of $70.26 and a 1-year high of $98.00.

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

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Several research analysts recently weighed in on VMW shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $110.00 target price (up previously from $105.00) on shares of Vmware in a research note on Saturday, June 3rd. MKM Partners reaffirmed a “buy” rating and set a $110.00 target price (up previously from $100.00) on shares of Vmware in a research note on Thursday, June 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $107.00 target price (up previously from $100.00) on shares of Vmware in a research note on Saturday, June 3rd. Barclays PLC raised Vmware to a “hold” rating and set a $100.00 target price for the company in a research note on Monday, June 5th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $113.00 target price (up previously from $105.00) on shares of Vmware in a research note on Monday, June 5th. Seventeen investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $97.81.

In related news, COO Rajiv Ramaswami sold 20,457 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $87.84, for a total transaction of $1,796,942.88. Following the completion of the transaction, the chief operating officer now directly owns 313,721 shares of the company’s stock, valued at $27,557,252.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurizio Carli sold 11,237 shares of the stock in a transaction that occurred 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. 0.52% of the stock is owned by corporate insiders.

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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