VMware (VMW) Lowered to Hold at Edward Jones

Edward Jones downgraded shares of VMware (NYSE:VMW) from a buy rating to a hold rating in a report released on Thursday, MarketBeat.com reports.

Several other equities research analysts have also recently issued reports on the company. Drexel Hamilton reissued a buy rating and set a $120.00 target price on shares of VMware in a research note on Thursday, November 30th. Stifel Nicolaus reissued a buy rating and set a $152.00 target price (up previously from $150.00) on shares of VMware in a research note on Monday, November 27th. Bank of America raised their target price on VMware from $125.00 to $148.00 and gave the stock a buy rating in a research note on Monday, November 27th. Barclays reissued a buy rating on shares of VMware in a research note on Friday, November 10th. Finally, Zacks Investment Research raised VMware from a hold rating to a buy rating and set a $134.00 target price for the company in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $130.00.

VMware (NYSE VMW) opened at $124.55 on Thursday. VMware has a 1 year low of $85.45 and a 1 year high of $165.00. The company has a market capitalization of $50,210.00, a P/E ratio of 35.59, a P/E/G ratio of 2.59 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86.

VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.07. VMware had a return on equity of 18.57% and a net margin of 18.97%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the business posted $1.14 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. analysts forecast that VMware will post 3.78 EPS for the current year.

In other VMware news, EVP Maurizio Carli sold 2,581 shares of VMware stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $129.88, for a total transaction of $335,220.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sanjay Poonen sold 10,000 shares of VMware stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total value of $1,297,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,726 shares of company stock valued at $4,774,927. 34.40% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in VMware by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 89,919 shares of the virtualization software provider’s stock worth $7,862,000 after purchasing an additional 796 shares during the period. Macquarie Group Ltd. increased its holdings in VMware by 44.9% in the 2nd quarter. Macquarie Group Ltd. now owns 10,000 shares of the virtualization software provider’s stock valued at $874,000 after purchasing an additional 3,100 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in VMware by 39.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 22,891 shares of the virtualization software provider’s stock valued at $2,001,000 after purchasing an additional 6,419 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in VMware by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,253 shares of the virtualization software provider’s stock valued at $1,159,000 after purchasing an additional 901 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in VMware by 18.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,614 shares of the virtualization software provider’s stock valued at $578,000 after purchasing an additional 1,036 shares in the last quarter. 21.86% of the stock is owned by institutional investors.

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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).

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