VMware (VMW) Trading 5.2% Higher

VMware, Inc. (NYSE:VMW)’s share price traded up 5.2% during mid-day trading on Friday . The stock traded as high as $162.98 and last traded at $162.65. 2,131,483 shares were traded during mid-day trading, a decline of 2% from the average session volume of 2,170,988 shares. The stock had previously closed at $154.60.

Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on VMware from $155.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, July 3rd. Barclays reiterated an “overweight” rating and issued a $172.00 price target (up previously from $160.00) on shares of VMware in a research note on Tuesday, July 3rd. TheStreet lowered VMware from a “b” rating to a “c” rating in a research note on Friday, June 1st. Robert W. Baird reiterated a “buy” rating and issued a $163.00 price target on shares of VMware in a research note on Friday, June 1st. Finally, Stifel Nicolaus lifted their price target on VMware from $122.00 to $142.00 and gave the company a “hold” rating in a research note on Friday, August 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $155.35.

The company has a debt-to-equity ratio of 0.41, a current ratio of 3.01 and a quick ratio of 3.04. The firm has a market cap of $62.79 billion, a price-to-earnings ratio of 42.14, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57.

VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. VMware had a return on equity of 20.00% and a net margin of 18.77%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the business posted $1.19 EPS. VMware’s revenue for the quarter was up 12.5% on a year-over-year basis. equities research analysts anticipate that VMware, Inc. will post 4.73 earnings per share for the current year.

In other VMware news, EVP Maurizio Carli sold 3,779 shares of VMware stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $152.54, for a total transaction of $576,448.66. Following the transaction, the executive vice president now directly owns 107,959 shares of the company’s stock, valued at approximately $16,468,065.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Rangarajan (Raghu) Raghuram sold 38,000 shares of VMware stock in a transaction dated Wednesday, July 11th. The stock was sold at an average price of $154.98, for a total value of $5,889,240.00. Following the transaction, the chief operating officer now directly owns 297,193 shares in the company, valued at $46,058,971.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,518 shares of company stock worth $19,067,627. 29.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings in VMware by 1.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 47,089 shares of the virtualization software provider’s stock worth $6,921,000 after buying an additional 877 shares during the period. Physicians Financial Services Inc. acquired a new position in VMware during the 2nd quarter worth about $206,000. Andra AP fonden acquired a new position in VMware during the 2nd quarter worth about $6,775,000. Global X Management Co LLC lifted its holdings in VMware by 128.2% during the 2nd quarter. Global X Management Co LLC now owns 6,392 shares of the virtualization software provider’s stock worth $939,000 after buying an additional 3,591 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in VMware by 0.3% during the 2nd quarter. California Public Employees Retirement System now owns 212,711 shares of the virtualization software provider’s stock worth $31,262,000 after buying an additional 685 shares during the period. 20.11% of the stock is currently owned by hedge funds and other institutional investors.

VMware Company Profile (NYSE:VMW)

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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