VMware, Inc. (NYSE:VMW) COO Rajiv Ramaswami sold 12,345 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $143.73, for a total transaction of $1,774,346.85. Following the transaction, the chief operating officer now owns 218,011 shares in the company, valued at approximately $31,334,721.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Rajiv Ramaswami also recently made the following trade(s):
- On Friday, September 14th, Rajiv Ramaswami sold 6,000 shares of VMware stock. The shares were sold at an average price of $160.00, for a total transaction of $960,000.00.
Shares of VMW stock opened at $142.94 on Tuesday. The firm has a market cap of $57.77 billion, a price-to-earnings ratio of 37.03, a price-to-earnings-growth ratio of 2.26 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.01 and a quick ratio of 3.01. VMware, Inc. has a 12 month low of $108.46 and a 12 month high of $165.00.
VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.15 billion. VMware had a net margin of 18.77% and a return on equity of 20.00%. VMware’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 EPS. Analysts forecast that VMware, Inc. will post 4.72 EPS for the current year.
Hedge funds have recently made changes to their positions in the business. Jafra Capital Management LP bought a new stake in VMware during the 2nd quarter valued at $2,205,000. Pinebridge Investments L.P. grew its stake in shares of VMware by 12.3% in the 2nd quarter. Pinebridge Investments L.P. now owns 137,860 shares of the virtualization software provider’s stock worth $20,261,000 after acquiring an additional 15,107 shares in the last quarter. United Services Automobile Association grew its stake in shares of VMware by 15.3% in the 2nd quarter. United Services Automobile Association now owns 91,312 shares of the virtualization software provider’s stock worth $13,420,000 after acquiring an additional 12,128 shares in the last quarter. Bank of Hawaii bought a new stake in shares of VMware in the 2nd quarter worth $251,000. Finally, Marietta Investment Partners LLC bought a new stake in shares of VMware in the 2nd quarter worth $590,000. Institutional investors and hedge funds own 19.58% of the company’s stock.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of VMware from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Wells Fargo & Co boosted their target price on shares of VMware from $135.00 to $155.00 and gave the company a “market perform” rating in a research report on Tuesday, July 10th. Maxim Group boosted their target price on shares of VMware from $142.00 to $150.00 and gave the company a “hold” rating in a research report on Friday, August 24th. Stifel Nicolaus boosted their target price on shares of VMware from $122.00 to $142.00 and gave the company a “hold” rating in a research report on Friday, August 24th. Finally, William Blair reiterated an “outperform” rating on shares of VMware in a research report on Friday, August 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $158.04.
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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.
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