A number of other equities analysts also recently commented on the stock. KeyCorp upgraded shares of VMware from a sector weight rating to an overweight rating and set a $142.00 target price for the company in a report on Monday, December 18th. Stifel Nicolaus boosted their target price on shares of VMware from $150.00 to $152.00 and gave the stock a buy rating in a report on Sunday, December 3rd. CIBC boosted their target price on shares of VMware from $120.00 to $135.00 and gave the stock an outperform rating in a report on Friday, December 1st. Drexel Hamilton reiterated a buy rating and issued a $120.00 target price on shares of VMware in a report on Thursday, November 30th. Finally, Robert W. Baird reiterated a buy rating and issued a $135.00 target price on shares of VMware in a report on Friday, December 1st. Ten analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $125.20.
Shares of VMware (NYSE VMW) traded down $0.74 during trading on Thursday, reaching $132.53. 1,190,000 shares of the company’s stock were exchanged, compared to its average volume of 2,040,000. The company has a market capitalization of $53,430.00, a P/E ratio of 37.87, a PEG ratio of 3.07 and a beta of 0.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.86 and a quick ratio of 2.86. VMware has a fifty-two week low of $80.90 and a fifty-two week high of $133.33.
VMware (NYSE:VMW) last announced its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.07. The business had revenue of $1.98 billion during 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 firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. equities research analysts predict that VMware will post 3.77 EPS for the current year.
In related news, COO Sanjay Poonen sold 2,764 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $118.50, for a total value of $327,534.00. Following the transaction, the chief operating officer now owns 189,391 shares in the company, valued at approximately $22,442,833.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Egon Durban sold 435,682 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total transaction of $47,624,399.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 484,155 shares of company stock worth $53,551,032. 34.40% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its holdings in VMware by 1,643.8% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock worth $139,000 after buying an additional 1,200 shares during the period. Enterprise Financial Services Corp increased its holdings in VMware by 3,975.6% in the 3rd quarter. Enterprise Financial Services Corp now owns 1,671 shares of the virtualization software provider’s stock worth $182,000 after buying an additional 1,630 shares during the period. Cadence Capital Management LLC acquired a new position in VMware in the 3rd quarter worth approximately $204,000. Argent Trust Co acquired a new position in VMware in the 3rd quarter worth approximately $205,000. Finally, Oppenheimer & Co. Inc. acquired a new position in VMware in the 3rd quarter worth approximately $210,000. Institutional investors own 22.53% of the company’s stock.
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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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