VMware, Inc. (VMW) Position Increased by Oxford Asset Management

Oxford Asset Management increased its stake in VMware, Inc. (NYSE:VMW) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,723 shares of the virtualization software provider’s stock after buying an additional 7,947 shares during the period. Oxford Asset Management’s holdings in VMware were worth $9,188,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dodge & Cox bought a new position in shares of VMware during the fourth quarter valued at about $745,926,000. Investec Asset Management LTD raised its position in shares of VMware by 70.1% in the fourth quarter. Investec Asset Management LTD now owns 2,625,594 shares of the virtualization software provider’s stock valued at $206,713,000 after buying an additional 1,082,314 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of VMware by 163.9% in the first quarter. Wells Fargo & Company MN now owns 1,612,242 shares of the virtualization software provider’s stock valued at $148,552,000 after buying an additional 1,001,289 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its position in shares of VMware by 846.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,155,079 shares of the virtualization software provider’s stock valued at $106,428,000 after buying an additional 1,033,040 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of VMware by 31.5% in the third quarter. Panagora Asset Management Inc. now owns 1,098,317 shares of the virtualization software provider’s stock valued at $80,562,000 after buying an additional 263,069 shares in the last quarter. 21.88% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for VMware (NYSE:VMW)

Shares of VMware, Inc. (NYSE:VMW) traded up 0.26% during trading on Friday, reaching $92.52. 957,113 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $92.74 and a 200 day moving average price of $86.50. The firm has a market cap of $37.81 billion, a price-to-earnings ratio of 33.30 and a beta of 0.97. VMware, Inc. has a 12 month low of $55.12 and a 12 month high of $95.47.

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Several research analysts recently issued reports on VMW shares. Instinet increased their target price on shares of VMware from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, January 27th. Morgan Stanley increased their target price on shares of VMware from $98.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. Pacific Crest reissued an “equal weight” rating on shares of VMware in a research note on Monday, January 30th. Zacks Investment Research raised shares of VMware from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Monday, April 3rd. Finally, Maxim Group increased their target price on shares of VMware from $83.00 to $92.00 and gave the stock a “hold” rating in a research note on Monday, January 30th. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $87.00.

In other news, Director Egon Durban sold 666,354 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $89.14, for a total transaction of $59,398,795.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sanjay Poonen sold 1,889 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $89.04, for a total transaction of $168,196.56. Following the sale, the chief operating officer now directly owns 182,569 shares of the company’s stock, valued at approximately $16,255,943.76. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

VMware Company 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).

5 Day Chart for NYSE:VMW

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