Vmware, Inc. (VMW) Stock Rating Reaffirmed by Barclays PLC

Vmware, Inc. (NYSE:VMW)‘s stock had its “buy” rating reiterated by investment analysts at Barclays PLC in a research note issued on Friday.

VMW has been the topic of a number of other reports. Berenberg Bank reiterated a “hold” rating and set a $94.00 target price on shares of Vmware in a research report on Tuesday, August 29th. Zacks Investment Research upgraded shares of Vmware from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research report on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and set a $118.00 target price (up from $109.00) on shares of Vmware in a research report on Friday, August 25th. BMO Capital Markets increased their price objective on shares of Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Tuesday, August 15th. Finally, MKM Partners restated a “buy” rating and issued a $120.00 price objective (up from $110.00) on shares of Vmware in a report on Monday, August 28th. Fifteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Vmware currently has an average rating of “Buy” and a consensus target price of $115.35.

Vmware (VMW) opened at $122.15 on Friday. Vmware has a 12-month low of $74.85 and a 12-month high of $122.21. The stock has a market cap of $50,039.12, a P/E ratio of 34.41, a PEG ratio of 2.80 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.98 and a current ratio of 1.98.

Vmware (NYSE:VMW) last announced its earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the business earned $0.97 earnings per share. Vmware’s quarterly revenue was up 12.2% on a year-over-year basis. research analysts anticipate that Vmware will post 3.79 EPS for the current fiscal year.

Vmware declared that its Board of Directors has approved a stock buyback program on Monday, August 14th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the virtualization software provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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In related news, COO Sanjay Poonen sold 1,134 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $106.51, for a total transaction of $120,782.34. Following the completion of the transaction, the chief operating officer now owns 192,774 shares in the company, valued at $20,532,358.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider P. Kevan Krysler sold 13,751 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $107.69, for a total transaction of $1,480,845.19. The disclosure for this sale can be found here. Insiders have sold 466,314 shares of company stock valued at $51,024,652 in the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. APG Asset Management N.V. lifted its stake in Vmware by 302.3% in the third quarter. APG Asset Management N.V. now owns 2,044,921 shares of the virtualization software provider’s stock valued at $223,285,000 after acquiring an additional 1,536,600 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Vmware by 6,030.7% in the second quarter. Janus Henderson Group PLC now owns 806,433 shares of the virtualization software provider’s stock valued at $70,506,000 after acquiring an additional 793,279 shares during the last quarter. Voya Investment Management LLC lifted its stake in Vmware by 25.7% in the second quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock valued at $230,241,000 after acquiring an additional 538,393 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Vmware by 75.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,169,757 shares of the virtualization software provider’s stock valued at $102,272,000 after acquiring an additional 501,400 shares during the last quarter. Finally, Koch Industries Inc. lifted its stake in Vmware by 16,537.3% in the second quarter. Koch Industries Inc. now owns 479,821 shares of the virtualization software provider’s stock valued at $474,000 after acquiring an additional 476,937 shares during the last quarter. Institutional investors and hedge funds own 22.27% of the company’s stock.

About Vmware

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).

Analyst Recommendations for Vmware (NYSE:VMW)

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