California Public Employees Retirement System Decreases Holdings in VMware, Inc. (VMW)

California Public Employees Retirement System trimmed its position in shares of VMware, Inc. (NYSE:VMW) by 12.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,211 shares of the virtualization software provider’s stock after selling 25,237 shares during the period. California Public Employees Retirement System’s holdings in VMware were worth $32,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VMW. Dimensional Fund Advisors LP increased its stake 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 buying an additional 17,948 shares during the period. Legal & General Group Plc increased its stake in shares of VMware by 4.2% in the third quarter. Legal & General Group Plc now owns 313,923 shares of the virtualization software provider’s stock valued at $48,991,000 after buying an additional 12,693 shares during the period. Vanguard Group Inc increased its stake in shares of VMware by 1.9% in the third quarter. Vanguard Group Inc now owns 4,387,621 shares of the virtualization software provider’s stock valued at $684,732,000 after buying an additional 82,729 shares during the period. State of Alaska Department of Revenue increased its stake in shares of VMware by 2.6% in the fourth quarter. State of Alaska Department of Revenue now owns 10,268 shares of the virtualization software provider’s stock valued at $1,407,000 after buying an additional 264 shares during the period. Finally, DNB Asset Management AS acquired a new position in shares of VMware in the fourth quarter valued at approximately $2,383,000. Institutional investors and hedge funds own 17.74% of the company’s stock.

VMW has been the subject of several recent research reports. Oppenheimer upped their price objective on VMware from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Goldman Sachs Group downgraded shares of VMware from a “neutral” rating to a “sell” rating and set a $177.00 target price for the company. in a research report on Wednesday, March 6th. Nomura set a $130.00 target price on shares of VMware and gave the company a “sell” rating in a research report on Friday, March 1st. Raymond James increased their target price on shares of VMware from $163.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Citigroup increased their target price on shares of VMware from $166.00 to $201.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. VMware currently has an average rating of “Buy” and a consensus price target of $186.52.

In other news, CEO Patrick P. Gelsinger sold 21,086 shares of the firm’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 transaction of $3,768,911.64. Following the completion of the sale, the chief executive officer now owns 277,920 shares of the company’s stock, valued at approximately $49,675,420.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Amy Fliegelman Olli sold 1,723 shares of the firm’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 transaction of $308,382.54. Following the sale, the vice president now directly owns 34,332 shares of the company’s stock, valued at approximately $6,144,741.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 315,896 shares of company stock valued at $58,151,231. Insiders own 29.90% of the company’s stock.

Shares of VMW stock opened at $197.93 on Thursday. The company has a market cap of $78.82 billion, a PE ratio of 40.15, a P/E/G ratio of 2.95 and a beta of 0.81. VMware, Inc. has a 52 week low of $129.33 and a 52 week high of $205.44. The company has a debt-to-equity ratio of 7.70, a current ratio of 0.99 and a quick ratio of 0.99.

VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, February 28th. The virtualization software provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.50 billion. VMware had a net margin of 26.99% and a return on equity of 25.50%. During the same quarter last year, the firm posted $1.68 EPS. On average, sell-side analysts expect that VMware, Inc. will post 4.87 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was originally published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.themarketsdaily.com/2019/05/16/california-public-employees-retirement-system-decreases-holdings-in-vmware-inc-vmw.html.

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.

Featured Article: Portfolio Manager

Want to see what other hedge funds are holding VMW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VMware, Inc. (NYSE:VMW).

Institutional Ownership by Quarter for VMware (NYSE:VMW)

Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with MarketBeat.com's FREE daily email newsletter.