VMware, Inc. (NYSE:VMW) Position Increased by Bessemer Group Inc.

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Bessemer Group Inc. boosted its stake in VMware, Inc. (NYSE:VMW) by 20.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 744 shares of the virtualization software provider’s stock after purchasing an additional 126 shares during the quarter. Bessemer Group Inc.’s holdings in VMware were worth $125,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Neuburgh Advisers LLC boosted its stake in shares of VMware by 44.6% in the first quarter. Neuburgh Advisers LLC now owns 18,560 shares of the virtualization software provider’s stock valued at $3,350,000 after purchasing an additional 5,728 shares during the period. Suntrust Banks Inc. boosted its stake in shares of VMware by 8.1% in the fourth quarter. Suntrust Banks Inc. now owns 1,536 shares of the virtualization software provider’s stock valued at $210,000 after purchasing an additional 115 shares during the period. American Century Companies Inc. raised its holdings in VMware by 1.6% in the fourth quarter. American Century Companies Inc. now owns 419,192 shares of the virtualization software provider’s stock valued at $57,484,000 after acquiring an additional 6,443 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in VMware by 5.9% in the first quarter. Oppenheimer & Co. Inc. now owns 9,214 shares of the virtualization software provider’s stock valued at $1,663,000 after acquiring an additional 514 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its holdings in VMware by 0.9% in the second quarter. Gulf International Bank UK Ltd now owns 18,622 shares of the virtualization software provider’s stock valued at $3,113,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 17.82% of the company’s stock.

Several analysts recently issued reports on the stock. Raymond James upped their price target on shares of VMware from $196.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Deutsche Bank upped their price target on shares of VMware from $215.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley cut their price target on shares of VMware from $192.00 to $190.00 and set an “equal weight” rating on the stock in a report on Friday, May 31st. Maxim Group reaffirmed a “hold” rating on shares of VMware in a report on Friday, August 2nd. Finally, Bank of America reaffirmed a “buy” rating and issued a $225.00 price target on shares of VMware in a report on Friday, May 31st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $192.23.

VMware stock opened at $142.35 on Friday. The company has a 50-day simple moving average of $168.40 and a 200-day simple moving average of $178.01. The firm has a market capitalization of $64.76 billion, a P/E ratio of 28.87, a P/E/G ratio of 2.44 and a beta of 0.81. The company has a debt-to-equity ratio of 7.57, a quick ratio of 0.97 and a current ratio of 0.97. VMware, Inc. has a one year low of $129.33 and a one year high of $206.80.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, May 30th. The virtualization software provider reported $1.32 EPS for the quarter, topping the consensus estimate of $0.90 by $0.42. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.25 billion. VMware had a net margin of 21.50% and a return on equity of 36.48%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. As a group, sell-side analysts forecast that VMware, Inc. will post 4.87 earnings per share for the current year.

In related news, COO Rajiv Ramaswami sold 38,813 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $170.58, for a total value of $6,620,721.54. Following the completion of the transaction, the chief operating officer now owns 181,243 shares in the company, valued at approximately $30,916,430.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger sold 20,000 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $180.00, for a total transaction of $3,600,000.00. Following the completion of the transaction, the chief executive officer now owns 445,214 shares of the company’s stock, valued at approximately $80,138,520. The disclosure for this sale can be found here. Insiders have sold 84,053 shares of company stock valued at $14,639,696 in the last 90 days. Insiders own 28.80% of the company’s stock.

VMware Company Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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