Capstone Asset Management Co. raised its position in Vmware, Inc. (NYSE:VMW) by 2.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,829 shares of the virtualization software provider’s stock after buying an additional 90 shares during the period. Capstone Asset Management Co.’s holdings in Vmware were worth $335,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in 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 last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in Vmware by 846.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,155,079 shares of the virtualization software provider’s stock worth $106,428,000 after buying an additional 1,033,040 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Vmware by 163.9% in the first quarter. Wells Fargo & Company MN now owns 1,612,242 shares of the virtualization software provider’s stock worth $148,552,000 after buying an additional 1,001,289 shares during the last quarter. Renaissance Technologies LLC boosted its stake in 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 last quarter. Finally, Vanguard Group Inc. boosted its stake in 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 last quarter. Institutional investors own 21.86% of the company’s stock.

Shares of Vmware, Inc. (NYSE:VMW) traded up 0.04% during trading on Friday, hitting $92.04. The company had a trading volume of 282,204 shares. Vmware, Inc. has a 52 week low of $70.26 and a 52 week high of $98.00. The company has a market capitalization of $37.59 billion, a P/E ratio of 33.13 and a beta of 0.77. The stock’s 50-day moving average price is $90.63 and its 200 day moving average price is $91.11.

Vmware (NYSE:VMW) last issued its earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.04. The business 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%. Vmware’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. On average, equities research analysts forecast that Vmware, Inc. will post $4.94 earnings per share for the current year.

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VMW has been the topic of a number of research reports. BTIG Research initiated coverage on Vmware in a research note on Monday, April 17th. They issued a “neutral” rating on the stock. Cowen and Company boosted their price objective on Vmware from $92.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, May 25th. Royal Bank Of Canada boosted their price objective on Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 31st. BMO Capital Markets lowered their price objective on Vmware from $105.00 to $98.00 and set a “market perform” rating on the stock in a research note on Friday, June 2nd. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $95.00 price objective on shares of Vmware in a research note on Thursday, June 1st. Seventeen equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $97.81.

In other Vmware news, COO Rajiv Ramaswami sold 20,457 shares of Vmware stock in a transaction 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 sale, the chief operating officer now directly owns 313,721 shares of the company’s stock, valued at approximately $27,557,252.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maurizio Carli sold 11,237 shares of Vmware 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 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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