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.

Several research firms have issued reports on VMW. Morgan Stanley lowered shares of VMware from an “overweight” rating to an “equal” rating and cut their price target for the company from $175.00 to $152.00 in a research report on Tuesday, January 15th. KeyCorp upped their price target on shares of VMware from $172.00 to $192.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. upped their price target on shares of VMware from $165.00 to $194.00 and gave the company an “overweight” rating in a research report on Friday, November 30th. Deutsche Bank upped their price target on shares of VMware from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, BMO Capital Markets began coverage on shares of VMware in a research report on Thursday, January 10th. They set an “outperform” rating and a $170.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $179.61.

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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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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