Shares of VMware Inc. (NYSE:VMW) have earned an average rating of “Hold” from the forty-four brokerages that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, twenty-eight have given a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $76.68.
A number of equities research analysts recently issued reports on the company. Morgan Stanley reaffirmed a “buy” rating and issued a $86.00 target price on shares of VMware in a research note on Monday, September 26th. Zacks Investment Research lowered VMware from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Barclays PLC assumed coverage on VMware in a research note on Tuesday, September 13th. They set an “equal weight” rating and a $82.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of VMware in a research note on Monday, September 12th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $88.00 price target on shares of VMware in a research note on Monday, September 12th.
VMware (NYSE:VMW) opened at 74.00 on Monday. The stock has a market capitalization of $31.41 billion, a price-to-earnings ratio of 29.81 and a beta of 1.24. The company has a 50-day moving average price of $73.43 and a 200-day moving average price of $63.50. VMware has a 12-month low of $43.25 and a 12-month high of $79.80.
VMware (NYSE:VMW) last posted its earnings results on Monday, July 18th. The virtualization software provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. VMware had a return on equity of 15.66% and a net margin of 15.47%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the company earned $0.93 EPS. VMware’s revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that VMware will post $4.29 earnings per share for the current year.
In related news, VP S. Dawn Smith sold 632 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $76.40, for a total transaction of $48,284.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider P. Kevan Krysler sold 6,988 shares of VMware stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $72.40, for a total transaction of $505,931.20. Following the completion of the transaction, the insider now owns 78,654 shares in the company, valued at approximately $5,694,549.60. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of VMW. Norges Bank acquired a new position in VMware during the fourth quarter valued at about $44,115,000. Commonwealth Equity Services Inc raised its position in VMware by 9.1% in the first quarter. Commonwealth Equity Services Inc now owns 6,371 shares of the virtualization software provider’s stock valued at $333,000 after buying an additional 533 shares during the period. Aperio Group LLC raised its position in VMware by 80.6% in the first quarter. Aperio Group LLC now owns 13,212 shares of the virtualization software provider’s stock valued at $691,000 after buying an additional 5,895 shares during the period. Nisa Investment Advisors L.L.C. raised its position in VMware by 91.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 33,620 shares of the virtualization software provider’s stock valued at $1,759,000 after buying an additional 16,100 shares during the period. Finally, Algert Global LLC raised its position in VMware by 64.7% in the first quarter. Algert Global LLC now owns 13,458 shares of the virtualization software provider’s stock valued at $704,000 after buying an additional 5,288 shares during the period. Hedge funds and other institutional investors own 22.06% of the company’s stock.
VMware, Inc is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC).
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