MARSHALL WACE ASIA Ltd purchased a new stake in VMware, Inc. (NYSE:VMW) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 260,723 shares of the virtualization software provider’s stock, valued at approximately $40,688,000. VMware comprises 1.4% of MARSHALL WACE ASIA Ltd’s holdings, making the stock its 27th biggest holding.
Several other institutional investors have also added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC acquired a new stake in VMware in the second quarter worth about $570,000. Aperio Group LLC increased its position in VMware by 6.8% in the second quarter. Aperio Group LLC now owns 80,485 shares of the virtualization software provider’s stock worth $11,829,000 after purchasing an additional 5,093 shares during the period. Alps Advisors Inc. acquired a new stake in VMware in the second quarter worth about $564,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in VMware by 4.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 238,286 shares of the virtualization software provider’s stock worth $35,021,000 after purchasing an additional 10,978 shares during the period. Finally, Comerica Bank increased its position in VMware by 1.5% in the second quarter. Comerica Bank now owns 46,133 shares of the virtualization software provider’s stock worth $7,156,000 after purchasing an additional 672 shares during the period. 18.57% of the stock is owned by institutional investors and hedge funds.
Shares of VMware stock traded up $3.98 during trading on Thursday, hitting $162.50. 2,054,605 shares of the company were exchanged, compared to its average volume of 1,973,011. The firm has a market capitalization of $64.79 billion, a P/E ratio of 42.10, a PEG ratio of 2.36 and a beta of 0.77. VMware, Inc. has a 1-year low of $108.46 and a 1-year high of $168.89. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.41.
In related news, COO Rajiv Ramaswami sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $160.00, for a total value of $960,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Amy Fliegelman Olli sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $152.77, for a total value of $229,155.00. Following the completion of the transaction, the vice president now owns 30,930 shares of the company’s stock, valued at $4,725,176.10. The disclosure for this sale can be found here. Insiders have sold a total of 53,608 shares of company stock valued at $8,048,914 over the last 90 days. Corporate insiders own 29.90% of the company’s stock.
A number of analysts recently commented on VMW shares. Barclays reiterated a “buy” rating and issued a $175.00 price objective on shares of VMware in a research report on Sunday, August 26th. Oppenheimer lifted their price objective on VMware from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 31st. Nomura lifted their price objective on VMware from $111.00 to $115.00 and gave the stock a “reduce” rating in a research report on Friday, August 24th. Wedbush started coverage on VMware in a research report on Thursday, October 18th. They issued an “outperform” rating and a $185.00 price objective for the company. Finally, KeyCorp lifted their price objective on 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, eight have assigned a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $170.10.
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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