Chartwell Investment Partners LLC Cuts Stake in VMware, Inc. (VMW)

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Chartwell Investment Partners LLC trimmed its position in VMware, Inc. (NYSE:VMW) by 15.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,230 shares of the virtualization software provider’s stock after selling 3,459 shares during the period. Chartwell Investment Partners LLC’s holdings in VMware were worth $3,291,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. CI Investments Inc. increased its position in shares of VMware by 192.4% in the third quarter. CI Investments Inc. now owns 46,673 shares of the virtualization software provider’s stock valued at $7,284,000 after acquiring an additional 30,710 shares during the last quarter. FMR LLC increased its position in shares of VMware by 3.0% in the third quarter. FMR LLC now owns 27,273 shares of the virtualization software provider’s stock valued at $4,257,000 after acquiring an additional 785 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of VMware by 20.5% in the third quarter. Dimensional Fund Advisors LP now owns 105,511 shares of the virtualization software provider’s stock valued at $16,466,000 after acquiring an additional 17,948 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of VMware in the third quarter valued at about $181,000. Finally, First Republic Investment Management Inc. increased its position in shares of VMware by 5.5% in the third quarter. First Republic Investment Management Inc. now owns 6,605 shares of the virtualization software provider’s stock valued at $1,030,000 after acquiring an additional 342 shares during the last quarter. Institutional investors own 17.94% of the company’s stock.

In other news, VP Amy Fliegelman Olli sold 1,723 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $178.98, for a total value of $308,382.54. Following the transaction, the vice president now owns 34,332 shares of the company’s stock, valued at $6,144,741.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger sold 21,086 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $178.74, for a total value of $3,768,911.64. Following the completion of the transaction, the chief executive officer now directly owns 277,920 shares in the company, valued at approximately $49,675,420.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 248,577 shares of company stock worth $44,873,977. Company insiders own 29.90% of the company’s stock.

Shares of NYSE VMW opened at $192.81 on Monday. The company has a market cap of $78.99 billion, a price-to-earnings ratio of 39.11, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. The company has a debt-to-equity ratio of 7.70, a quick ratio of 0.99 and a current ratio of 0.99. VMware, Inc. has a twelve month low of $120.53 and a twelve month high of $193.60.

VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.50 billion. VMware had a return on equity of 25.50% and a net margin of 26.99%. During the same quarter in the previous year, the business earned $1.68 earnings per share. On average, analysts anticipate that VMware, Inc. will post 4.94 earnings per share for the current fiscal year.

A number of analysts recently issued reports on VMW shares. Citigroup started coverage on VMware in a research report on Tuesday, January 8th. They issued a “buy” rating and a $166.00 target price on the stock. Deutsche Bank lifted their target price on VMware from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $203.00 target price on shares of VMware in a research report on Friday, March 1st. Bank of America lifted their target price on VMware from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Finally, Morgan Stanley downgraded VMware from an “overweight” rating to an “equal” rating and lowered their target price for the company from $175.00 to $152.00 in a research report on Tuesday, January 15th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. VMware presently has a consensus rating of “Hold” and an average price target of $180.48.

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VMware 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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