Shares of VMware, Inc. (NYSE:VMW) have been given an average rating of “Buy” by the twenty-seven brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $178.14.
A number of equities research analysts have issued reports on VMW shares. Piper Jaffray Companies started coverage on shares of VMware in a report on Tuesday, December 10th. They issued an “overweight” rating and a $170.00 price target on the stock. Morgan Stanley raised their price target on shares of VMware from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Monday. Nomura raised their price target on shares of VMware from $114.00 to $115.00 and gave the stock a “reduce” rating in a report on Wednesday, November 27th. Jefferies Financial Group cut their price target on shares of VMware from $198.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, October 8th. Finally, ValuEngine lowered shares of VMware from a “buy” rating to a “hold” rating in a research note on Monday, December 30th.
In related news, CFO Zane Rowe sold 6,509 shares of VMware stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $148.40, for a total transaction of $965,935.60. Following the completion of the transaction, the chief financial officer now directly owns 121,136 shares of the company’s stock, valued at approximately $17,976,582.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Rangarajan (Raghu) Raghuram sold 24,712 shares of VMware stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $163.53, for a total transaction of $4,041,153.36. Following the transaction, the chief operating officer now directly owns 221,977 shares of the company’s stock, valued at $36,299,898.81. The disclosure for this sale can be found here. Insiders have sold a total of 33,296 shares of company stock worth $5,327,054 in the last ninety days. Insiders own 28.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of VMW. Amundi Pioneer Asset Management Inc. lifted its position in VMware by 51.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 56,248 shares of the virtualization software provider’s stock valued at $10,153,000 after acquiring an additional 19,154 shares during the period. Prudential Financial Inc. lifted its position in VMware by 65.7% during the 2nd quarter. Prudential Financial Inc. now owns 7,392 shares of the virtualization software provider’s stock valued at $1,236,000 after acquiring an additional 2,930 shares during the period. Oppenheimer Asset Management Inc. lifted its position in VMware by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,336 shares of the virtualization software provider’s stock valued at $391,000 after acquiring an additional 69 shares during the period. Northern Trust Corp lifted its position in VMware by 0.5% during the 2nd quarter. Northern Trust Corp now owns 659,235 shares of the virtualization software provider’s stock valued at $110,231,000 after acquiring an additional 3,531 shares during the period. Finally, D.A. Davidson & CO. lifted its position in VMware by 2.8% during the 2nd quarter. D.A. Davidson & CO. now owns 2,357 shares of the virtualization software provider’s stock valued at $394,000 after acquiring an additional 64 shares during the period. 16.83% of the stock is owned by institutional investors.
VMware stock traded down $0.84 during trading hours on Friday, reaching $151.36. The stock had a trading volume of 787,921 shares, compared to its average volume of 1,106,826. The stock has a market cap of $62.64 billion, a PE ratio of 30.70, a PEG ratio of 2.39 and a beta of 0.86. VMware has a 52 week low of $128.69 and a 52 week high of $206.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.58 and a quick ratio of 0.58. The company has a fifty day simple moving average of $151.60 and a 200-day simple moving average of $156.48.
VMware (NYSE:VMW) last announced its quarterly earnings results on Tuesday, November 26th. The virtualization software provider reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.41 billion. VMware had a net margin of 67.21% and a return on equity of 61.67%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.56 EPS. Research analysts predict that VMware will post 4.83 earnings per share for the current fiscal year.
VMware Company Profile
VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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