Cambridge Investment Research Advisors Inc. lowered its stake in Vmware, Inc. (NYSE:VMW) by 51.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,653 shares of the virtualization software provider’s stock after selling 2,804 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Vmware were worth $232,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its holdings in Vmware by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,299 shares of the virtualization software provider’s stock valued at $463,000 after acquiring an additional 14 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Vmware by 0.4% in the second quarter. Federated Investors Inc. PA now owns 15,323 shares of the virtualization software provider’s stock valued at $1,339,000 after acquiring an additional 66 shares in the last quarter. Capstone Asset Management Co. boosted its holdings 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 acquiring an additional 90 shares in the last quarter. CFO4Life Group LLC boosted its holdings in Vmware by 2.2% in the second quarter. CFO4Life Group LLC now owns 5,644 shares of the virtualization software provider’s stock valued at $493,000 after acquiring an additional 121 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings 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 acquiring an additional 128 shares in the last quarter. Institutional investors and hedge funds own 21.82% of the company’s stock.

Shares of Vmware, Inc. (NYSE:VMW) opened at 109.68 on Wednesday. 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 is $101.27 and its 200 day moving average is $94.04. The stock has a market cap of $44.85 billion, a price-to-earnings ratio of 39.48 and a beta of 0.74.

Vmware (NYSE:VMW) last released 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. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts predict that Vmware, Inc. will post $5.06 EPS for the current fiscal year.

Vmware declared that its Board of Directors has authorized a stock repurchase plan on Monday, August 14th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the virtualization software provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

In related news, COO Sanjay Poonen sold 1,134 shares of Vmware stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $106.51, for a total transaction of $120,782.34. Following the completion of the sale, the chief operating officer now owns 192,774 shares of the company’s stock, valued at $20,532,358.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Zane Rowe sold 6,000 shares of Vmware stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $107.82, for a total value of $646,920.00. The disclosure for this sale can be found here. Insiders have sold 41,342 shares of company stock valued at $4,045,490 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.

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VMW has been the topic of several recent analyst reports. Cowen and Company lifted their price target on shares of Vmware from $92.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, May 25th. Zacks Investment Research cut shares of Vmware from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Robert W. Baird upgraded shares of Vmware from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $115.00 in a report on Wednesday, May 31st. Royal Bank Of Canada boosted their target price on shares of Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 31st. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $95.00 target price on shares of Vmware in a report on Thursday, June 1st. Thirteen equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Vmware has an average rating of “Buy” and a consensus price target of $112.00.

Vmware 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).

Institutional Ownership by Quarter for Vmware (NYSE:VMW)

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