Summit Financial Wealth Advisors LLC lessened its holdings in Vmware, Inc. (NYSE:VMW) by 61.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,720 shares of the virtualization software provider’s stock after selling 4,310 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Vmware were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in VMW. APG Asset Management N.V. increased its stake in shares of Vmware by 302.3% in the 3rd quarter. APG Asset Management N.V. now owns 2,044,921 shares of the virtualization software provider’s stock valued at $223,285,000 after purchasing an additional 1,536,600 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Vmware by 6,030.7% in the 2nd quarter. Janus Henderson Group PLC now owns 806,433 shares of the virtualization software provider’s stock valued at $70,506,000 after purchasing an additional 793,279 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Vmware by 25.7% in the 2nd quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock valued at $230,241,000 after purchasing an additional 538,393 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Vmware by 75.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,169,757 shares of the virtualization software provider’s stock valued at $102,272,000 after purchasing an additional 501,400 shares in the last quarter. Finally, Koch Industries Inc. increased its stake in shares of Vmware by 16,537.3% in the 2nd quarter. Koch Industries Inc. now owns 479,821 shares of the virtualization software provider’s stock valued at $474,000 after purchasing an additional 476,937 shares in the last quarter. Hedge funds and other institutional investors own 22.27% of the company’s stock.

Vmware, Inc. (NYSE:VMW) traded up $1.18 during midday trading on Monday, reaching $122.15. 1,279,600 shares of the company traded hands, compared to its average volume of 1,542,264. The stock has a market capitalization of $50,039.12, a PE ratio of 34.41, a P/E/G ratio of 2.80 and a beta of 0.67. Vmware, Inc. has a 52-week low of $74.85 and a 52-week high of $122.21. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.10.

Vmware (NYSE:VMW) last posted its quarterly earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share (EPS) for the quarter, topping the 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 net margin of 17.81% and a return on equity of 18.06%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. equities research analysts predict that Vmware, Inc. will post 3.79 earnings per share for the current year.

Vmware announced that its board has approved a stock repurchase plan on Monday, August 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the virtualization software provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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Several equities research analysts recently issued reports on VMW shares. Zacks Investment Research upgraded Vmware from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Monday, September 4th. Citigroup Inc. restated a “buy” rating and set a $124.00 target price on shares of Vmware in a report on Monday, August 28th. Berenberg Bank restated a “hold” rating and set a $94.00 target price on shares of Vmware in a report on Tuesday, August 29th. Jefferies Group LLC boosted their target price on Vmware from $121.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Credit Suisse Group started coverage on Vmware in a report on Tuesday, September 5th. They set an “outperform” rating and a $130.00 target price on the stock. Fifteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $115.35.

In other Vmware news, COO Rajiv Ramaswami sold 9,747 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $118.16, for a total value of $1,151,705.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Sanjay Poonen sold 1,134 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $106.51, for a total transaction of $120,782.34. Following the completion of the transaction, the chief operating officer now directly owns 192,774 shares of the company’s stock, valued at $20,532,358.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 466,314 shares of company stock valued at $51,024,652. 0.52% of the stock is currently owned by corporate insiders.

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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