Shares of VMware, Inc. (NYSE:VMW) dropped 0% on Monday . The company traded as low as $116.06 and last traded at $116.40. Approximately 3,340,000 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 3,440,000 shares. The stock had previously closed at $116.40.
VMW has been the topic of a number of research reports. Barclays reiterated a “buy” rating on shares of VMware in a research note on Friday, November 10th. Stifel Nicolaus restated a “buy” rating and set a $152.00 price target (up previously from $150.00) on shares of VMware in a research report on Monday, November 27th. Bank of America raised their price target on shares of VMware from $125.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, November 27th. Zacks Investment Research upgraded shares of VMware from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research report on Wednesday, October 25th. Finally, Drexel Hamilton restated a “buy” rating and set a $120.00 price target on shares of VMware in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $130.84.
The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86. The firm has a market cap of $46,930.00, a price-to-earnings ratio of 33.26, a PEG ratio of 2.55 and a beta of 0.81.
VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.07. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. VMware had a net margin of 18.97% and a return on equity of 18.57%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share. sell-side analysts expect that VMware, Inc. will post 3.77 EPS for the current fiscal year.
In other VMware news, COO Sanjay Poonen sold 2,764 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $118.50, for a total transaction of $327,534.00. Following the transaction, the chief operating officer now directly owns 189,391 shares of the company’s stock, valued at $22,442,833.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Maurizio Carli sold 2,581 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total transaction of $335,220.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,726 shares of company stock worth $4,774,927. Insiders own 34.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of VMW. ProShare Advisors LLC purchased a new position in shares of VMware in the second quarter worth about $223,000. PNC Financial Services Group Inc. lifted its stake in shares of VMware by 3.2% in the second quarter. PNC Financial Services Group Inc. now owns 8,638 shares of the virtualization software provider’s stock worth $754,000 after buying an additional 266 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of VMware by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 89,919 shares of the virtualization software provider’s stock worth $7,862,000 after buying an additional 796 shares in the last quarter. Numeric Investors LLC lifted its stake in shares of VMware by 18.2% in the second quarter. Numeric Investors LLC now owns 19,500 shares of the virtualization software provider’s stock worth $1,705,000 after buying an additional 3,000 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of VMware in the second quarter worth about $764,000. 22.45% of the stock is currently owned by institutional investors and hedge funds.
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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).
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