Candriam Luxembourg S.C.A. Has $9.45 Million Holdings in VMware, Inc. (VMW)

Candriam Luxembourg S.C.A. grew its holdings in shares of VMware, Inc. (NYSE:VMW) by 105.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,524 shares of the virtualization software provider’s stock after purchasing an additional 31,100 shares during the period. Candriam Luxembourg S.C.A.’s holdings in VMware were worth $9,445,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VMW. Nomura Asset Management Co. Ltd. boosted its position in shares of VMware by 10.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 10,809 shares of the virtualization software provider’s stock worth $1,687,000 after acquiring an additional 1,059 shares in the last quarter. Edgestream Partners L.P. boosted its position in VMware by 421.1% in the third quarter. Edgestream Partners L.P. now owns 68,520 shares of the virtualization software provider’s stock valued at $10,693,000 after buying an additional 55,372 shares in the last quarter. Toronto Dominion Bank boosted its position in VMware by 10.6% in the third quarter. Toronto Dominion Bank now owns 8,007 shares of the virtualization software provider’s stock valued at $1,249,000 after buying an additional 767 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in VMware by 2.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 245,062 shares of the virtualization software provider’s stock valued at $38,244,000 after buying an additional 6,776 shares in the last quarter. Finally, Columbia Asset Management boosted its position in VMware by 131.1% in the third quarter. Columbia Asset Management now owns 3,385 shares of the virtualization software provider’s stock valued at $528,000 after buying an additional 1,920 shares in the last quarter. Hedge funds and other institutional investors own 19.67% of the company’s stock.

In related news, VP Amy Fliegelman Olli sold 1,500 shares of VMware stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $152.77, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick P. Gelsinger sold 25,000 shares of VMware stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $150.00, for a total transaction of $3,750,000.00. Following the transaction, the chief executive officer now directly owns 407,743 shares of the company’s stock, valued at approximately $61,161,450. The disclosure for this sale can be found here. Insiders have sold 78,608 shares of company stock valued at $11,852,164 in the last ninety days. Insiders own 29.90% of the company’s stock.

A number of analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of VMware to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 24th. Stifel Nicolaus raised their target price on shares of VMware from $122.00 to $142.00 and gave the company a “hold” rating in a research report on Friday, August 24th. Zacks Investment Research upgraded shares of VMware from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. JPMorgan Chase & Co. raised their target price on shares of VMware from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, August 24th. Finally, Maxim Group raised their target price on shares of VMware from $142.00 to $150.00 and gave the company a “hold” rating in a research report on Friday, August 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the stock. VMware currently has a consensus rating of “Buy” and an average target price of $158.04.

VMW stock opened at $157.73 on Friday. The firm has a market cap of $61.52 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.40 and a beta of 0.72. VMware, Inc. has a 52-week low of $108.46 and a 52-week high of $165.00. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.41.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.15 billion. VMware had a net margin of 18.77% and a return on equity of 20.00%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 earnings per share. On average, research analysts predict that VMware, Inc. will post 4.72 EPS for the current year.

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VMware Company Profile

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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