Piedmont Investment Advisors Inc. raised its stake in VMware, Inc. (NYSE:VMW) by 117.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,316 shares of the virtualization software provider’s stock after acquiring an additional 2,873 shares during the quarter. Piedmont Investment Advisors Inc.’s holdings in VMware were worth $830,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in shares of VMware by 40.0% in the second quarter. Renaissance Technologies LLC now owns 5,289,800 shares of the virtualization software provider’s stock worth $777,442,000 after acquiring an additional 1,512,500 shares during the last quarter. Investec Asset Management LTD raised its holdings in VMware by 23.4% in the 2nd quarter. Investec Asset Management LTD now owns 2,071,002 shares of the virtualization software provider’s stock valued at $304,375,000 after buying an additional 392,041 shares during the last quarter. Voya Investment Management LLC raised its holdings in VMware by 489.4% in the 2nd quarter. Voya Investment Management LLC now owns 988,295 shares of the virtualization software provider’s stock valued at $145,250,000 after buying an additional 820,619 shares during the last quarter. First Trust Advisors LP raised its holdings in VMware by 0.9% in the 3rd quarter. First Trust Advisors LP now owns 952,459 shares of the virtualization software provider’s stock valued at $148,641,000 after buying an additional 8,783 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in VMware by 6.9% in the 2nd quarter. Wells Fargo & Company MN now owns 945,327 shares of the virtualization software provider’s stock valued at $138,934,000 after buying an additional 61,088 shares during the last quarter. 19.93% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. Wedbush assumed coverage on shares of VMware in a report on Thursday, October 18th. They issued an “outperform” rating and a $185.00 price objective for the company. Oppenheimer raised their price objective on shares of VMware from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, August 31st. Zacks Investment Research upgraded shares of VMware from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Barclays reiterated a “buy” rating and issued a $175.00 price objective on shares of VMware in a report on Sunday, August 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of VMware from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $158.04.

In other news, EVP Maurizio Carli sold 3,779 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $152.54, for a total transaction of $576,448.66. Following the completion of the sale, the executive vice president now owns 107,959 shares of the company’s stock, valued at approximately $16,468,065.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $150.00, for a total transaction of $3,750,000.00. Following the sale, the chief executive officer now directly owns 407,743 shares of the company’s stock, valued at approximately $61,161,450. The disclosure for this sale can be found here. In the last 90 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.

VMware stock opened at $148.40 on Wednesday. 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 52-week low of $108.46 and a 52-week high of $165.00. The company has a market cap of $62.70 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 2.45 and a beta of 0.72.

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

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About VMware

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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