VMware, Inc. (NYSE:VMW) COO Sanjay Poonen sold 16,135 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $147.88, for a total value of $2,386,043.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of VMware stock opened at $148.88 on Friday. The firm has a market capitalization of $61.62 billion, a P/E ratio of 38.57, a PEG ratio of 2.24 and a beta of 0.68. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.39. VMware, Inc. has a fifty-two week low of $108.46 and a fifty-two week high of $169.25.
VMware (NYSE:VMW) last issued its earnings results on Thursday, November 29th. The virtualization software provider reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.42. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.17 billion. VMware had a net margin of 17.03% and a return on equity of 19.62%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. On average, sell-side analysts forecast that VMware, Inc. will post 4.77 EPS for the current year.
The business also recently announced a dividend, which was paid on Friday, December 28th. Stockholders of record on Thursday, December 27th were paid a dividend of $26.81 per share. The ex-dividend date was Monday, December 31st.
A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue increased its stake in VMware by 2.6% during the 4th quarter. State of Alaska Department of Revenue now owns 10,268 shares of the virtualization software provider’s stock worth $1,407,000 after buying an additional 264 shares during the period. First Republic Investment Management Inc. increased its holdings in shares of VMware by 5.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 6,605 shares of the virtualization software provider’s stock valued at $1,030,000 after purchasing an additional 342 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of VMware by 7.5% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 5,417 shares of the virtualization software provider’s stock valued at $796,000 after purchasing an additional 377 shares in the last quarter. Commerce Bank increased its holdings in VMware by 18.8% during the 3rd quarter. Commerce Bank now owns 2,380 shares of the virtualization software provider’s stock valued at $372,000 after acquiring an additional 377 shares in the last quarter. Finally, Man Group plc increased its holdings in VMware by 0.6% during the 3rd quarter. Man Group plc now owns 67,628 shares of the virtualization software provider’s stock valued at $10,554,000 after acquiring an additional 393 shares in the last quarter. Institutional investors own 18.52% of the company’s stock.
VMW has been the subject of a number of recent analyst reports. Goldman Sachs Group initiated coverage on shares of VMware in a report on Friday. They issued a “neutral” rating for the company. BMO Capital Markets initiated coverage on shares of VMware in a report on Thursday. They issued an “outperform” rating and a $170.00 price objective for the company. Barclays initiated coverage on shares of VMware in a report on Wednesday. They issued an “overweight” rating and a $168.00 price objective for the company. Oppenheimer decreased their price objective on shares of VMware from $180.00 to $170.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Citigroup initiated coverage on shares of VMware in a report on Tuesday. They issued a “buy” rating and a $166.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. VMware presently has an average rating of “Buy” and an average price target of $169.76.
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VMware Company Profile
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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