Lazard Asset Management LLC reduced its position in Vmware, Inc. (NYSE:VMW) by 10.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,669 shares of the virtualization software provider’s stock after selling 15,887 shares during the period. Lazard Asset Management LLC’s holdings in Vmware were worth $12,123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMW. BlackRock Inc. grew its holdings in shares of Vmware by 4,817.7% during the 1st quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock worth $469,811,000 after purchasing an additional 4,995,179 shares during the period. Vanguard Group Inc. increased its position in Vmware by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 3,930,665 shares of the virtualization software provider’s stock worth $362,171,000 after purchasing an additional 352,516 shares in the last quarter. Investec Asset Management LTD increased its position in Vmware by 3.0% during the 2nd quarter. Investec Asset Management LTD now owns 2,669,142 shares of the virtualization software provider’s stock worth $233,363,000 after purchasing an additional 78,558 shares in the last quarter. Clearbridge Investments LLC increased its position in Vmware by 10.6% during the 1st quarter. Clearbridge Investments LLC now owns 2,556,102 shares of the virtualization software provider’s stock worth $235,519,000 after purchasing an additional 244,512 shares in the last quarter. Finally, FIL Ltd increased its position in Vmware by 2.0% during the 1st quarter. FIL Ltd now owns 2,359,764 shares of the virtualization software provider’s stock worth $217,429,000 after purchasing an additional 45,525 shares in the last quarter. 21.82% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Vmware, Inc. (VMW) opened at 109.15 on Friday. The firm has a market capitalization of $44.64 billion, a price-to-earnings ratio of 39.29 and a beta of 0.74. The firm has a 50-day moving average price of $101.27 and a 200 day moving average price of $94.04. Vmware, Inc. has a 12 month low of $72.05 and a 12 month high of $111.61.

Vmware (NYSE:VMW) last announced its quarterly earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 17.81% and a return on equity of 18.06%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. On average, analysts anticipate that Vmware, Inc. will post $5.07 EPS for the current fiscal year.

Vmware declared that its Board of Directors has initiated a share buyback 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 repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Several research analysts recently commented on the stock. Zacks Investment Research lowered 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 boosted their price objective for the stock from $90.00 to $115.00 in a research note on Wednesday, May 31st. Royal Bank Of Canada increased their price objective on shares of Vmware from $97.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 31st. J P Morgan Chase & Co reissued an “overweight” rating and issued a $95.00 price objective on shares of Vmware in a research report on Thursday, June 1st. Finally, MKM Partners reissued a “buy” rating and issued a $110.00 target price (up previously from $100.00) on shares of Vmware in a research note on Thursday, June 1st. Fourteen equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Vmware currently has an average rating of “Buy” and an average target price of $112.00.

In related news, COO Rajiv Ramaswami sold 20,457 shares of the firm’s 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 owns 313,721 shares in the company, valued at approximately $27,557,252.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Sanjay Poonen sold 1,134 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was 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. Over the last quarter, insiders sold 41,342 shares of company stock worth $4,045,490. Corporate insiders own 0.52% of the company’s stock.

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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