Vmware, Inc. (VMW) Raised to “Buy” at Stifel Nicolaus

Vmware, Inc. (NYSE:VMW) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $109.00 price objective on the virtualization software provider’s stock, up from their prior price objective of $96.00. Stifel Nicolaus’ price objective points to a potential upside of 23.55% from the company’s current price.

VMW has been the topic of several other reports. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price objective on shares of Vmware in a research report on Thursday, April 6th. MKM Partners reaffirmed a “buy” rating and set a $110.00 price objective (up from $100.00) on shares of Vmware in a research report on Thursday, June 1st. Royal Bank Of Canada lifted their price objective on Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 price objective on shares of Vmware in a research report on Friday, March 17th. Finally, Zacks Investment Research cut Vmware from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Nineteen equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $94.68.

Analyst Recommendations for Vmware (NYSE:VMW)

Vmware (VMW) opened at 88.22 on Wednesday. Vmware has a 1-year low of $55.12 and a 1-year high of $98.00. The company’s 50-day moving average price is $92.77 and its 200-day moving average price is $88.83. The firm has a market capitalization of $36.03 billion, a P/E ratio of 31.76 and a beta of 0.71.

Vmware (NYSE:VMW) last posted its quarterly earnings data on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.04. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 EPS. Equities research analysts expect that Vmware will post $4.92 earnings per share for the current fiscal year.

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In other news, EVP Maurizio Carli sold 11,237 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $94.66, for a total value of $1,063,694.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Egon Durban sold 666,354 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $89.14, for a total value of $59,398,795.56. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Gulf International Bank UK Ltd increased its position in shares of Vmware by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 24,556 shares of the virtualization software provider’s stock valued at $2,262,000 after buying an additional 115 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Vmware by 2.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,578 shares of the virtualization software provider’s stock valued at $514,000 after buying an additional 128 shares in the last quarter. CAPROCK Group Inc. increased its position in shares of Vmware by 4.6% in the first quarter. CAPROCK Group Inc. now owns 3,094 shares of the virtualization software provider’s stock valued at $285,000 after buying an additional 135 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Vmware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock valued at $169,000 after buying an additional 160 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Vmware by 7.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,452 shares of the virtualization software provider’s stock valued at $193,000 after buying an additional 168 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Vmware Company Profile

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VMW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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