VMware, Inc. (NYSE:VMW) has been given a consensus recommendation of “Buy” by the thirty brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $166.39.
Several research analysts have weighed in on VMW shares. Barclays lowered their target price on shares of VMware from $175.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, August 28th. Credit Suisse Group reaffirmed a “hold” rating on shares of VMware in a research note on Friday, August 28th. Cross Research raised shares of VMware from a “hold” rating to a “buy” rating in a research note on Wednesday, August 12th. Citigroup increased their target price on shares of VMware from $193.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of VMware in a research note on Friday, August 28th.
Shares of VMW traded down $0.57 during mid-day trading on Friday, reaching $152.61. The stock had a trading volume of 652,429 shares, compared to its average volume of 1,410,045. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.88 and a quick ratio of 0.88. VMware has a 52-week low of $86.00 and a 52-week high of $173.37. The business’s fifty day moving average is $143.92 and its 200 day moving average is $140.16. The firm has a market cap of $64.12 billion, a price-to-earnings ratio of 35.99, a P/E/G ratio of 2.40 and a beta of 0.67.
VMware (NYSE:VMW) last announced its earnings results on Thursday, August 27th. The virtualization software provider reported $1.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.36. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.80 billion. VMware had a net margin of 15.94% and a return on equity of 27.92%. VMware’s revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. As a group, sell-side analysts anticipate that VMware will post 4.4 EPS for the current fiscal year.
In other VMware news, VP Amy Fliegelman Olli sold 1,348 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $142.30, for a total value of $191,820.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Zane Rowe sold 14,450 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $141.95, for a total transaction of $2,051,177.50. Following the completion of the transaction, the chief financial officer now owns 121,027 shares in the company, valued at $17,179,782.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,037 shares of company stock worth $4,708,857. 28.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Global Wealth Management Investment Advisory Inc. purchased a new position in shares of VMware during the second quarter worth approximately $34,000. Jacobi Capital Management LLC grew its position in shares of VMware by 6,773.0% during the second quarter. Jacobi Capital Management LLC now owns 2,543 shares of the virtualization software provider’s stock worth $42,000 after acquiring an additional 2,506 shares during the last quarter. CKW Financial Group grew its position in shares of VMware by 85.2% during the second quarter. CKW Financial Group now owns 300 shares of the virtualization software provider’s stock worth $46,000 after acquiring an additional 138 shares during the last quarter. Ameritas Investment Company LLC grew its position in shares of VMware by 931.7% during the first quarter. Ameritas Investment Company LLC now owns 423 shares of the virtualization software provider’s stock worth $50,000 after acquiring an additional 382 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of VMware by 6,700.0% during the first quarter. Federated Hermes Inc. now owns 476 shares of the virtualization software provider’s stock worth $58,000 after acquiring an additional 469 shares during the last quarter. Institutional investors own 18.54% of the company’s stock.
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. It 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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