Voya Investment Management LLC boosted its holdings in VMware, Inc. (NYSE:VMW) by 489.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 988,295 shares of the virtualization software provider’s stock after buying an additional 820,619 shares during the period. Voya Investment Management LLC owned 0.24% of VMware worth $145,250,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. grew its stake in VMware by 12.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 137,860 shares of the virtualization software provider’s stock valued at $20,261,000 after purchasing an additional 15,107 shares in the last quarter. Pitcairn Co. acquired a new stake in VMware during the 1st quarter valued at approximately $613,000. Bank of Hawaii acquired a new stake in VMware during the 2nd quarter valued at approximately $251,000. Goodwin Daniel L acquired a new stake in VMware during the 2nd quarter valued at approximately $220,000. Finally, Marietta Investment Partners LLC acquired a new stake in VMware during the 2nd quarter valued at approximately $590,000. Institutional investors own 20.11% of the company’s stock.

In other VMware news, insider P. Kevan Krysler sold 13,485 shares of the company’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $158.63, for a total value of $2,139,125.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurizio Carli sold 3,779 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $152.54, for a total value of $576,448.66. Following the completion of the transaction, the executive vice president now directly owns 107,959 shares of the company’s stock, valued at approximately $16,468,065.86. The disclosure for this sale can be found here. Insiders have sold a total of 122,518 shares of company stock valued at $19,067,627 in the last three months. 29.90% of the stock is owned by insiders.

Several brokerages have recently commented on VMW. Raymond James lifted their target price on VMware from $153.00 to $174.00 in a research report on Thursday, July 5th. Royal Bank of Canada lifted their target price on VMware from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, June 1st. Oppenheimer lifted their target price on VMware from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 31st. Credit Suisse Group lifted their target price on VMware from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, June 1st. Finally, JPMorgan Chase & Co. lifted their target price on VMware from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. VMware has an average rating of “Buy” and a consensus price target of $155.35.

NYSE VMW traded up $8.05 on Friday, reaching $162.65. The stock had a trading volume of 2,131,483 shares, compared to its average volume of 1,382,863. VMware, Inc. has a 1 year low of $107.12 and a 1 year high of $165.00. The company has a market capitalization of $62.79 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.01 and a quick ratio of 3.04.

VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. VMware had a return on equity of 20.00% and a net margin of 18.77%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. equities analysts anticipate that VMware, Inc. will post 4.73 EPS for the current year.

VMware Profile

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

Featured Story: Understanding Average Daily Trade Volume

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.