VMware (NYSE:VMW) Stock Rating Lowered by StockNews.com

VMware (NYSE:VMWGet Rating) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Other equities research analysts have also recently issued research reports about the stock. UBS Group lowered their target price on shares of VMware to $131.00 in a report on Wednesday, November 16th. Mizuho lowered their target price on shares of VMware from $138.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, November 15th. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $140.32.

VMware Stock Performance

Shares of NYSE:VMW traded up $0.96 during mid-day trading on Thursday, reaching $119.35. The company had a trading volume of 928,726 shares, compared to its average volume of 1,011,145. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 79.86. The firm has a market cap of $50.49 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 1.60 and a beta of 0.68. The company’s 50-day moving average price is $111.22 and its 200-day moving average price is $114.46. VMware has a one year low of $91.53 and a one year high of $136.85.

VMware (NYSE:VMWGet Rating) last posted its quarterly earnings results on Thursday, August 25th. The virtualization software provider reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.07). The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.30 billion. VMware had a negative return on equity of 430.43% and a net margin of 10.68%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $1.18 EPS. As a group, equities research analysts anticipate that VMware will post 4.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other VMware news, EVP Jean Pierre Brulard sold 359 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $111.05, for a total value of $39,866.95. Following the completion of the sale, the executive vice president now directly owns 82,777 shares of the company’s stock, valued at $9,192,385.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 40.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On VMware

Several hedge funds and other institutional investors have recently modified their holdings of VMW. Dodge & Cox raised its stake in VMware by 4.0% in the second quarter. Dodge & Cox now owns 28,032,926 shares of the virtualization software provider’s stock worth $3,195,193,000 after buying an additional 1,079,633 shares in the last quarter. Vanguard Group Inc. raised its stake in VMware by 8.3% in the third quarter. Vanguard Group Inc. now owns 14,338,363 shares of the virtualization software provider’s stock worth $1,526,461,000 after buying an additional 1,102,577 shares in the last quarter. BlackRock Inc. raised its stake in VMware by 0.7% in the first quarter. BlackRock Inc. now owns 12,859,118 shares of the virtualization software provider’s stock worth $1,464,269,000 after buying an additional 85,459 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in VMware by 5.7% in the third quarter. UBS Asset Management Americas Inc. now owns 6,152,810 shares of the virtualization software provider’s stock worth $655,028,000 after buying an additional 333,245 shares in the last quarter. Finally, State Street Corp grew its holdings in VMware by 2.7% in the first quarter. State Street Corp now owns 5,372,625 shares of the virtualization software provider’s stock worth $611,781,000 after purchasing an additional 143,362 shares during the period. 47.04% of the stock is owned by institutional investors.

About VMware

(Get Rating)

VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds.

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Analyst Recommendations for VMware (NYSE:VMW)

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