Insider Changing Their VMware, Inc. (VMW)

(NYSE:VMW) on Nov. 27, 2017 saw a modest increase, closing the day at $124.22, or a increase of $1.99 or (1.60%).Volume levels spiked and VMW actually managed a breakout which translated to 2.53 million shares changing hands on the day. #VMW traded on a high for the day of 126.66 with a corresponding low of 124.61. The day’s high marked a slight increase on the previous day’s close which saw VMW finish the day’s trading at 124.61. Driving interest in @VMware, Inc. (VMW) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage. This activity has been headed largely by Rajiv Ramaswami, an officer of the company. Rajiv Ramaswami has seen steady activity on the sell side, and on November 2, 2017, executed an option to sell 9747 shares. The disposition, at a price of $118.16, resulted in Rajiv Ramaswami bringing total 293409 shares. Other officers which have joined Rajiv Ramaswami in selling shares include Technologies Dell who sold for 435682 shares. The option since executed brings Dell ownership to 30.68 million shares. Michael Dell, a director at (VMW), sold 435682 shares at a price of 109.31 to bring his total ownership in the stock to 30,678,605 shares. Institutional investors have also been busy with the stock. Their activity in VMW in recent trading has also spurred interest in the stock. The most recent shifts in number of shares owned by institutions came on September 30, 2017 when Blackrock Inc. sold 1.53 million shares from its total ownership of 6.39 million. The value for the sale was $794.34 million. On the opposite side of that transaction from Blackrock Inc. stood Voya Investment Management Llc which added 1.27 million shares to its existing stake, bringing total stake held in VMW to 3.91 million shares. That transaction by Voya took place on September 30, 2017, the same day Capital World Investors purchased an additional 3.23 million shares in VMW to bring its total stake to 3.23 million. Capital’s stake was worth $401.81 million at the time of purchase. Institutional shareholders currently hold a 85.13% stake overall in VMW.

https://www.nystocknews.com/2017/11/28/insider-changing-their-vmware-inc-vmw/