Accident Compensation Corp grew its stake in shares of Vmware, Inc. (NYSE:VMW) by 10.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,911 shares of the virtualization software provider’s stock after buying an additional 2,500 shares during the period. Accident Compensation Corp’s holdings in Vmware were worth $2,265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Vmware by 4,817.7% during the first quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock valued at $469,811,000 after buying an additional 4,995,179 shares during the period. Vanguard Group Inc. increased its position in shares of Vmware by 9.9% during the first quarter. Vanguard Group Inc. now owns 3,930,665 shares of the virtualization software provider’s stock valued at $362,171,000 after buying an additional 352,516 shares during the period. Clearbridge Investments LLC increased its position in shares of Vmware by 10.6% during the first quarter. Clearbridge Investments LLC now owns 2,556,102 shares of the virtualization software provider’s stock valued at $235,519,000 after buying an additional 244,512 shares during the period. FIL Ltd increased its position in shares of Vmware by 2.0% during the first quarter. FIL Ltd now owns 2,359,764 shares of the virtualization software provider’s stock valued at $217,429,000 after buying an additional 45,525 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Vmware by 8.6% during the second quarter. JPMorgan Chase & Co. now owns 2,319,421 shares of the virtualization software provider’s stock valued at $202,786,000 after buying an additional 184,648 shares during the period. Hedge funds and other institutional investors own 21.81% of the company’s stock.

Shares of Vmware, Inc. (NYSE VMW) traded down 0.45% during trading on Friday, hitting $110.25. The company had a trading volume of 1,257,925 shares. The company has a market capitalization of $45.09 billion, a P/E ratio of 39.69 and a beta of 0.74. Vmware, Inc. has a 52 week low of $72.05 and a 52 week high of $111.61. The stock’s 50-day moving average price is $100.28 and its 200 day moving average price is $93.70.

Vmware (NYSE:VMW) last announced its earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. On average, equities research analysts forecast that Vmware, Inc. will post $5.06 earnings per share for the current year.

Vmware declared that its board has initiated a share buyback plan on Monday, August 14th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the virtualization software provider to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several equities research analysts have recently weighed in on VMW shares. Berenberg Bank reiterated a “hold” rating and set a $94.00 price target on shares of Vmware in a research report on Tuesday, August 29th. Stifel Nicolaus reiterated a “buy” rating and set a $118.00 price target (up from $109.00) on shares of Vmware in a research report on Friday, August 25th. BMO Capital Markets upped their price target on Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Tuesday, August 15th. MKM Partners reiterated a “buy” rating and set a $120.00 price target (up from $110.00) on shares of Vmware in a research report on Monday, August 28th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $125.00 price target (up from $120.00) on shares of Vmware in a research report on Thursday, August 31st. Thirteen equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $112.00.

In related news, insider P. Kevan Krysler sold 13,751 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $107.69, for a total transaction of $1,480,845.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sanjay Poonen sold 1,134 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $106.51, for a total value of $120,782.34. Following the transaction, the chief operating officer now owns 192,774 shares of the company’s stock, valued at approximately $20,532,358.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,342 shares of company stock valued at $4,045,490. 0.52% of the stock is owned by company insiders.

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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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