Vmware, Inc. (VMW) Stake Lowered by OxFORD Asset Management LLP

OxFORD Asset Management LLP cut its stake in Vmware, Inc. (NYSE:VMW) by 70.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,727 shares of the virtualization software provider’s stock after selling 81,449 shares during the quarter. OxFORD Asset Management LLP’s holdings in Vmware were worth $3,683,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Investec Asset Management LTD increased its stake in shares of Vmware by 0.5% in the 3rd quarter. Investec Asset Management LTD now owns 2,682,460 shares of the virtualization software provider’s stock valued at $292,898,000 after acquiring an additional 13,318 shares during 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 acquiring an additional 538,393 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Vmware by 2.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,379,344 shares of the virtualization software provider’s stock valued at $259,824,000 after acquiring an additional 59,923 shares during the last quarter. 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 acquiring an additional 1,536,600 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Vmware by 6.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,792,367 shares of the virtualization software provider’s stock valued at $195,708,000 after acquiring an additional 105,543 shares during the last quarter. 22.21% of the stock is owned by institutional investors.

In other Vmware news, Director Egon Durban sold 435,682 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total transaction of $47,624,399.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Rajiv Ramaswami sold 9,747 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $118.16, for a total value of $1,151,705.52. The disclosure for this sale can be found here. Corporate insiders own 34.40% of the company’s stock.

Vmware, Inc. (NYSE:VMW) traded up $0.55 during trading hours on Friday, reaching $117.22. The company’s stock had a trading volume of 2,337,500 shares, compared to its average volume of 1,625,764. Vmware, Inc. has a 52-week low of $77.94 and a 52-week high of $127.60. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.10. The firm has a market cap of $47,794.21, a P/E ratio of 31.62, a P/E/G ratio of 2.69 and a beta of 0.67.

Vmware (NYSE:VMW) last released its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. Vmware had a return on equity of 18.58% and a net margin of 18.97%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The business’s revenue was up 11.1% on a year-over-year basis. research analysts forecast that Vmware, Inc. will post 3.77 EPS for the current year.

Vmware declared that its board has authorized a share repurchase program on Monday, August 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the virtualization software provider to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

A number of analysts have recently commented on VMW shares. Zacks Investment Research raised Vmware from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Monday, September 4th. Citigroup reaffirmed a “buy” rating and issued a $124.00 price target on shares of Vmware in a research note on Monday, August 28th. Barclays reaffirmed a “buy” rating on shares of Vmware in a research note on Friday, November 10th. Berenberg Bank reaffirmed a “hold” rating and issued a $94.00 price target on shares of Vmware in a research note on Tuesday, August 29th. Finally, Jefferies Group boosted their price objective on Vmware from $121.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, August 25th. Fifteen analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $124.50.

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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).

Institutional Ownership by Quarter for Vmware (NYSE:VMW)

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