Alliancebernstein L.P. Trims Holdings in Vmware, Inc. (VMW)

Alliancebernstein L.P. decreased its position in shares of Vmware, Inc. (NYSE:VMW) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 475,779 shares of the virtualization software provider’s stock after selling 119,276 shares during the quarter. Alliancebernstein L.P. owned approximately 0.12% of Vmware worth $41,597,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VMW. Oppenheimer Asset Management Inc. acquired a new position in Vmware during the 1st quarter worth $141,000. Penserra Capital Management LLC lifted its holdings in Vmware by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,080 shares of the virtualization software provider’s stock worth $181,000 after buying an additional 240 shares in the last quarter. Eagle Global Advisors LLC acquired a new position in Vmware during the 2nd quarter worth $203,000. BB&T Securities LLC acquired a new position in Vmware during the 1st quarter worth $209,000. Finally, Sapphire Star Partners LP acquired a new position in Vmware during the 2nd quarter worth $210,000. 21.81% of the stock is currently owned by hedge funds and other institutional investors.

In other news, COO Sanjay Poonen sold 1,134 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $106.51, for a total transaction of $120,782.34. Following the completion of the sale, the chief operating officer now directly owns 192,774 shares of the company’s stock, valued at $20,532,358.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Rajiv Ramaswami sold 20,457 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $87.84, for a total transaction of $1,796,942.88. Following the sale, the chief operating officer now directly owns 313,721 shares of the company’s stock, valued at $27,557,252.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,342 shares of company stock valued at $4,045,490. 0.52% of the stock is currently owned by insiders.

Vmware, Inc. (VMW) opened at 110.25 on Friday. The company has a market cap of $45.09 billion, a PE ratio of 39.69 and a beta of 0.74. Vmware, Inc. has a one year low of $72.05 and a one year high of $111.61. The stock has a 50 day moving average price of $100.28 and a 200 day moving average price of $93.70.

Vmware (NYSE:VMW) last posted its earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. On average, equities analysts anticipate that Vmware, Inc. will post $5.06 EPS for the current fiscal year.

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

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Several research analysts have issued reports on the company. Bank of America Corporation reaffirmed a “buy” rating and set a $125.00 price objective (up previously from $120.00) on shares of Vmware in a report on Thursday. Barclays PLC raised Vmware from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $109.00 to $130.00 in a research note on Thursday. Robert W. Baird reissued a “buy” rating and issued a $125.00 price target on shares of Vmware in a research note on Tuesday, September 12th. Moffett Nathanson began coverage on Vmware in a research note on Wednesday, September 6th. They issued a “neutral” rating and a $120.00 price target on the stock. Finally, William Blair reissued an “outperform” rating on shares of Vmware in a research note on Tuesday, September 5th. Thirteen research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $112.00.

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).

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Institutional Ownership by Quarter for Vmware (NYSE:VMW)

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