VMware (VMW) Now Covered by Barclays

Barclays started coverage on shares of VMware (NYSE:VMW) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage set an “overweight” rating and a $168.00 price target on the virtualization software provider’s stock. Barclays‘s target price points to a potential upside of 15.75% from the stock’s current price.

A number of other research analysts have also recently commented on VMW. Nomura set a $128.00 price target on shares of VMware and gave the stock a “reduce” rating in a research note on Friday, November 30th. JPMorgan Chase & Co. raised their price target on shares of VMware from $165.00 to $194.00 and gave the stock an “overweight” rating in a research note on Friday, November 30th. KeyCorp raised their price target on shares of VMware from $167.00 to $199.00 and gave the stock an “overweight” rating in a research note on Friday, November 30th. Royal Bank of Canada raised their price target on shares of VMware from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, November 30th. They noted that the move was a valuation call. Finally, Raymond James raised their price target on shares of VMware from $174.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, November 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $169.76.

NYSE VMW opened at $145.14 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.04 and a quick ratio of 3.04. VMware has a twelve month low of $108.46 and a twelve month high of $169.25. The stock has a market capitalization of $61.62 billion, a P/E ratio of 37.60, a P/E/G ratio of 2.24 and a beta of 0.68.

VMware (NYSE:VMW) last released its earnings results on Thursday, November 29th. The virtualization software provider reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.42. VMware had a net margin of 17.03% and a return on equity of 19.62%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the company earned $1.34 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. As a group, sell-side analysts anticipate that VMware will post 4.77 earnings per share for the current year.

In other news, CEO Patrick P. Gelsinger sold 25,000 shares of VMware stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $150.00, for a total transaction of $3,750,000.00. Following the transaction, the chief executive officer now directly owns 407,743 shares of the company’s stock, valued at $61,161,450. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael W. Brown sold 35,000 shares of the business’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $160.00, for a total transaction of $5,600,000.00. Following the completion of the sale, the director now directly owns 16,923 shares in the company, valued at $2,707,680. The disclosure for this sale can be found here. In the last three months, insiders sold 94,980 shares of company stock valued at $14,583,411. 29.90% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of VMW. TLP Group LLC acquired a new position in shares of VMware during the 3rd quarter worth about $118,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of VMware by 217.5% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,000 shares of the virtualization software provider’s stock worth $147,000 after acquiring an additional 685 shares during the period. Tower Research Capital LLC TRC bought a new position in VMware in the 3rd quarter valued at approximately $181,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in VMware in the 3rd quarter valued at approximately $202,000. Finally, Calamos Advisors LLC acquired a new position in VMware in the 3rd quarter valued at approximately $204,000. 18.52% of the stock is currently owned by hedge funds and other institutional investors.

About VMware

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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