VMware, Inc. (NYSE:VMW) COO Rajiv Ramaswami sold 6,000 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $160.00, for a total value of $960,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
VMW traded up $6.25 on Friday, reaching $147.74. The company’s stock had a trading volume of 1,403,890 shares, compared to its average volume of 2,093,868. The company has a market capitalization of $63.79 billion, a P/E ratio of 38.27, a P/E/G ratio of 2.49 and a beta of 0.60. VMware, Inc. has a 1 year low of $108.46 and a 1 year high of $165.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.01 and a current ratio of 3.01.
VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.15 billion. VMware had a return on equity of 20.00% and a net margin of 18.77%. VMware’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.19 earnings per share. As a group, equities research analysts forecast that VMware, Inc. will post 4.73 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd bought a new position in VMware during the 1st quarter worth approximately $106,000. Perigon Wealth Management LLC bought a new position in VMware during the 1st quarter worth approximately $121,000. Moneta Group Investment Advisors LLC lifted its holdings in 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 buying an additional 685 shares during the last quarter. Signet Financial Management LLC bought a new position in VMware during the 2nd quarter worth approximately $151,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co bought a new position in VMware during the 1st quarter worth approximately $167,000. 20.02% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on VMW shares. Raymond James upped their target price on VMware from $153.00 to $174.00 in a research note on Thursday, July 5th. Bank of America upped their price target on VMware to $190.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. Royal Bank of Canada restated a “buy” rating and set a $172.00 price target on shares of VMware in a research note on Friday, July 6th. Barclays restated a “buy” rating and set a $175.00 price target on shares of VMware in a research note on Sunday, August 26th. Finally, Maxim Group upped their price target on VMware from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Friday, August 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $156.82.
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.
See Also: Do stock splits help investors?
Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with MarketBeat.com's FREE daily email newsletter.