Claraphi Advisory Network LLC purchased a new position in VMware, Inc. (NYSE:VMW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,409 shares of the virtualization software provider’s stock, valued at approximately $220,000.

Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of VMware by 26.1% during the second quarter. State of Alaska Department of Revenue now owns 9,669 shares of the virtualization software provider’s stock valued at $1,420,000 after buying an additional 2,000 shares during the last quarter. Assenagon Asset Management S.A. raised its position in VMware by 131.4% in the second quarter. Assenagon Asset Management S.A. now owns 12,148 shares of the virtualization software provider’s stock worth $1,785,000 after purchasing an additional 6,899 shares in the last quarter. Amalgamated Bank raised its position in VMware by 9.4% in the second quarter. Amalgamated Bank now owns 9,639 shares of the virtualization software provider’s stock worth $1,417,000 after purchasing an additional 827 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in VMware in the second quarter worth about $4,294,000. Finally, Cornerstone Wealth Management LLC acquired a new position in VMware in the second quarter worth about $570,000. Institutional investors own 19.93% of the company’s stock.

In other news, VP Amy Fliegelman Olli sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $152.77, for a total transaction of $229,155.00. Following the sale, the vice president now directly owns 30,930 shares of the company’s stock, valued at $4,725,176.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $152.13, for a total transaction of $3,803,250.00. Following the sale, the chief executive officer now directly owns 411,923 shares in the company, valued at $62,665,845.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,608 shares of company stock valued at $11,852,164. Company insiders own 29.90% of the company’s stock.

NYSE VMW opened at $153.40 on Tuesday. The company has a market cap of $64.18 billion, a PE ratio of 39.74, a PEG ratio of 2.51 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.01 and a quick ratio of 3.01. VMware, Inc. has a 1-year low of $108.46 and a 1-year high of $165.00.

VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.15 billion. VMware had a net margin of 18.77% and a return on equity of 20.00%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $1.19 earnings per share. Equities analysts predict that VMware, Inc. will post 4.72 earnings per share for the current year.

VMW has been the subject of several recent research reports. Zacks Investment Research lowered shares of VMware from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Oppenheimer increased their price target on shares of VMware from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, August 13th. Royal Bank of Canada increased their price target on shares of VMware to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. Barclays reissued a “buy” rating and issued a $175.00 price target on shares of VMware in a research report on Sunday, August 26th. Finally, KeyCorp increased their price target on shares of VMware from $160.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, ten have issued 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 an average target price of $158.04.

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VMware Profile

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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