United Services Automobile Association Has $2.42 Million Position in VMware, Inc. (VMW)
United Services Automobile Association reduced its stake in shares of VMware, Inc. (NYSE:VMW) by 80.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,625 shares of the virtualization software provider’s stock after selling 72,576 shares during the period. United Services Automobile Association’s holdings in VMware were worth $2,417,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in VMware by 13.2% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 25,603 shares of the virtualization software provider’s stock worth $3,511,000 after acquiring an additional 2,979 shares in the last quarter. Hsbc Holdings PLC boosted its position in VMware by 183.1% during the fourth quarter. Hsbc Holdings PLC now owns 196,028 shares of the virtualization software provider’s stock valued at $26,881,000 after buying an additional 126,788 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in VMware by 7.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,609 shares of the virtualization software provider’s stock valued at $1,592,000 after buying an additional 800 shares during the period. Northern Trust Corp boosted its position in VMware by 5.7% during the fourth quarter. Northern Trust Corp now owns 635,950 shares of the virtualization software provider’s stock valued at $87,208,000 after buying an additional 34,230 shares during the period. Finally, Columbia Asset Management boosted its position in VMware by 4.4% during the fourth quarter. Columbia Asset Management now owns 3,535 shares of the virtualization software provider’s stock valued at $485,000 after buying an additional 150 shares during the period. 17.94% of the stock is owned by institutional investors and hedge funds.
In related news, COO Sanjay Poonen sold 50,000 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $182.60, for a total value of $9,130,000.00. Following the completion of the transaction, the chief operating officer now directly owns 308,556 shares of the company’s stock, valued at $56,342,325.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Amy Fliegelman Olli sold 1,723 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $178.98, for a total transaction of $308,382.54. Following the completion of the transaction, the vice president now directly owns 34,332 shares of the company’s stock, valued at $6,144,741.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 197,644 shares of company stock valued at $32,550,150. 29.90% of the stock is owned by insiders.
VMware stock opened at $183.70 on Monday. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.39. The stock has a market cap of $75.30 billion, a PE ratio of 37.26, a PEG ratio of 2.90 and a beta of 0.76. VMware, Inc. has a 1-year low of $117.61 and a 1-year high of $188.51.
VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, February 28th. The virtualization software provider reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.10. VMware had a net margin of 26.99% and a return on equity of 19.46%. During the same period in the prior year, the company earned $1.68 earnings per share. Sell-side analysts predict that VMware, Inc. will post 4.94 earnings per share for the current year.
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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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