Mitsubishi UFJ Trust & Banking Corp Sells 90,699 Shares of VMware, Inc. (VMW)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in VMware, Inc. (NYSE:VMW) by 56.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,668 shares of the virtualization software provider’s stock after selling 90,699 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in VMware were worth $10,716,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jafra Capital Management LP acquired a new stake in shares of VMware in the 2nd quarter valued at approximately $2,205,000. Pinebridge Investments L.P. raised its position in shares of VMware by 12.3% in the 2nd quarter. Pinebridge Investments L.P. now owns 137,860 shares of the virtualization software provider’s stock valued at $20,261,000 after acquiring an additional 15,107 shares during the period. United Services Automobile Association raised its position in shares of VMware by 15.3% in the 2nd quarter. United Services Automobile Association now owns 91,312 shares of the virtualization software provider’s stock valued at $13,420,000 after acquiring an additional 12,128 shares during the period. Greenleaf Trust acquired a new stake in shares of VMware in the 3rd quarter valued at approximately $213,000. Finally, Bank of Hawaii acquired a new stake in shares of VMware in the 2nd quarter valued at approximately $251,000. 18.57% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on VMW shares. Jefferies Financial Group increased their price target on shares of VMware from $186.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, November 30th. Stifel Nicolaus increased their price target 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. KeyCorp increased their price target on shares of VMware from $167.00 to $199.00 and gave the company an “overweight” rating in a research report on Friday, November 30th. William Blair reiterated an “outperform” rating on shares of VMware in a research report on Friday, August 24th. Finally, Royal Bank of Canada increased their price target on shares of VMware from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, November 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. VMware presently has an average rating of “Buy” and an average price target of $167.81.



In other news, VP Amy Fliegelman Olli sold 1,500 shares of the firm’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 transaction of $229,155.00. Following the completion of the transaction, the vice president now directly owns 30,930 shares of the company’s stock, valued at approximately $4,725,176.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurizio Carli sold 3,779 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $152.54, for a total transaction of $576,448.66. Following the transaction, the executive vice president now directly owns 107,959 shares of the company’s stock, valued at $16,468,065.86. 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 ninety days. Company insiders own 29.90% of the company’s stock.

Shares of VMW stock opened at $158.52 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market cap of $64.79 billion, a price-to-earnings ratio of 41.07, a P/E/G ratio of 2.36 and a beta of 0.77. VMware, Inc. has a 52 week low of $108.46 and a 52 week high of $168.89.

VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, November 29th. The virtualization software provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.42. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.17 billion. VMware had a net margin of 17.03% and a return on equity of 20.49%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the business earned $1.34 EPS. On average, analysts forecast that VMware, Inc. will post 4.77 EPS for the current year.

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VMware 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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