81.4% Stake of Vmware, Inc. (VMW) Owned by Dell Technologies Inc

81.4% Stake of #Vmware, Inc. ( #VMW) Owned by #DellTechnologies Inc Submit disclosed that they own a 81.4% stake in Vmware, Inc. (NYSE:VMW) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Thursday, August 24th. The investor owns 333,423,094 shares of the stock valued at approximately $35,509,559,511. The reporting parties listed on the disclosure included Dell Technologies Inc, #EMC Corporation and @MichaelDell. The disclosure is available through the SEC website at this link.  Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Vmware by 4,817.7% during the 1st quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock valued at $469,811,000 after buying an additional 4,995,179 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Vmware by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 3,930,665 shares of the virtualization software provider’s stock valued at $362,171,000 after buying an additional 352,516 shares in the last quarter. Investec Asset Management LTD lifted its holdings in Vmware by 3.0% during the 2nd quarter. Investec Asset Management LTD now owns 2,669,142 shares of the virtualization software provider’s stock valued at $233,363,000 after buying an additional 78,558 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Vmware by 25.7% during the 2nd quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock valued at $230,241,000 after buying an additional 538,393 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Vmware by 10.6% during the 1st quarter. Clearbridge Investments LLC now owns 2,556,102 shares of the virtualization software provider’s stock valued at $235,519,000 after buying an additional 244,512 shares in the last quarter. Hedge funds and other institutional investors own 21.81% of the company’s stock. A number of equities research analysts recently weighed in on the stock. Berenberg Bank reiterated a “hold” rating and set a $94.00 price objective on shares of Vmware in a report on Tuesday, August 29th. Bank of America Corporation upgraded shares of Vmware from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $108.00 to $120.00 in a report on Friday, August 25th. Stifel Nicolaus upgraded shares of Vmware from a “hold” rating to a “buy” rating and lifted their price objective for the company from $96.00 to $109.00 in a report on Wednesday, June 21st. Royal Bank Of Canada lifted their price objective on shares of Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 31st. Finally, Maxim Group reiterated a “hold” rating and set a $105.00 price objective on shares of Vmware in a report on Friday, August 25th. Fifteen equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $109.88. In other news, insider P. Kevan Krysler sold 13,751 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $107.69, for a total value of $1,480,845.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Rajiv Ramaswami sold 20,457 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $87.84, for a total value of $1,796,942.88. Following the completion of the sale, the chief operating officer now owns 313,721 shares of the company’s stock, valued at $27,557,252.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,208 shares of company stock valued at $3,924,708. Company insiders own 0.52% of the company’s stock. Vmware, Inc. (NYSE:VMW) traded up 0.66% on Friday, reaching $107.20. The company’s stock had a trading volume of 364,787 shares. The company has a market cap of $43.91 billion, a P/E ratio of 38.59 and a beta of 0.74. Vmware, Inc. has a 12 month low of $72.05 and a 12 month high of $108.33. The stock’s 50 day moving average price is $97.39 and its 200 day moving average price is $92.94. Vmware (NYSE:VMW) last posted its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.04. Vmware had a return on equity of 18.34% and a net margin of 17.81%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the business posted $0.97 earnings per share. Vmware’s quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts forecast that Vmware, Inc. will post $5.06 earnings per share for the current year. Vmware declared that its Board of Directors has authorized a stock buyback plan on Monday, August 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the virtualization software provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued. Vmware Profile VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC). 

https://stocknewstimes.com/2017/09/08/vmware-inc-vmw-stake-owned-by-dell-technologies-inc.html