Harvest Management LLC Purchases Shares of 3,240 VMware, Inc. (NYSE:VMW)

Harvest Management LLC purchased a new position in VMware, Inc. (NYSE:VMW) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,240 shares of the virtualization software provider’s stock, valued at approximately $506,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of VMware by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 91,373 shares of the virtualization software provider’s stock worth $11,081,000 after buying an additional 905 shares during the last quarter. IFM Investors Pty Ltd purchased a new position in shares of VMware in the second quarter worth $468,000. State of Alaska Department of Revenue raised its holdings in shares of VMware by 26.1% in the second quarter. State of Alaska Department of Revenue now owns 9,669 shares of the virtualization software provider’s stock worth $1,420,000 after buying an additional 2,000 shares during the last quarter. Gateway Investment Advisers LLC purchased a new position in shares of VMware in the second quarter worth $7,527,000. Finally, Forte Capital LLC ADV raised its holdings in shares of VMware by 8.5% in the second quarter. Forte Capital LLC ADV now owns 25,740 shares of the virtualization software provider’s stock worth $3,783,000 after buying an additional 2,015 shares during the last quarter. 18.57% of the stock is currently owned by hedge funds and other institutional investors.

VMW stock traded down $3.71 during midday trading on Monday, hitting $163.63. 2,294,925 shares of the stock traded hands, compared to its average volume of 1,971,106. The firm has a market cap of $68.40 billion, a PE ratio of 42.39, a P/E/G ratio of 2.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.01 and a current ratio of 3.01. VMware, Inc. has a 1-year low of $108.46 and a 1-year high of $168.89.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, November 29th. The virtualization software provider reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.42. VMware had a net margin of 17.03% and a return on equity of 20.49%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business earned $1.34 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. Research analysts predict that VMware, Inc. will post 4.72 earnings per share for the current fiscal year.

A number of research firms have issued reports on VMW. Oppenheimer raised their price target on shares of VMware from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 31st. JPMorgan Chase & Co. increased their price objective on shares of VMware from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Maxim Group increased their price objective on shares of VMware from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Friday, August 24th. KeyCorp increased their price objective on shares of VMware from $160.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Finally, Nomura set a $128.00 price objective on shares of VMware and gave the stock a “reduce” rating in a research note on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. VMware has a consensus rating of “Buy” and an average price target of $167.81.

In other news, CEO Patrick P. Gelsinger sold 25,000 shares of VMware stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $152.13, for a total value of $3,803,250.00. Following the sale, the chief executive officer now owns 411,923 shares in the company, valued at $62,665,845.99. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Amy Fliegelman Olli sold 1,500 shares of VMware stock in a transaction dated 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 sale, the vice president now owns 30,930 shares in the company, valued at approximately $4,725,176.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,608 shares of company stock worth $11,852,164. Company insiders own 29.90% of the company’s stock.

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About VMware

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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