VMware COO Carl Eschenbach Sells 4,296 Shares (VMW)
VMware (NYSE:VMW) COO Carl Eschenbach unloaded 4,296 shares of the stock on the open market in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $85.44, for a total transaction of $367,050.24. Following the completion of the transaction, the chief operating officer now directly owns 113,124 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
VMW has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein reiterated a “sell” rating on shares of VMware (NYSE:VMW) in a research note to investors on Monday. They now have a $64.00 price target on the stock. Separately, analysts at Mizuho raised their price target on shares of VMware (NYSE:VMW) from $90.00 to $100.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of VMware (NYSE:VMW) to $85.00 in a research note to investors on Tuesday, August 27th. They now have an “equal weight” rating on the stock.
Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. VMware has an average rating of “Hold” and an average price target of $92.25.
Shares of VMware (NYSE:VMW) traded up 1.95% during mid-day trading on Tuesday, hitting $88.78. The stock had a trading volume of 1,394,047 shares. VMware has a 52 week low of $64.86 and a 52 week high of $103.02. The stock has a 50-day moving average of $83.42 and a 200-day moving average of $75.99. The company has a market cap of $38.133 billion and a price-to-earnings ratio of 48.11.
VMware (NYSE:VMW) last released its earnings data on Tuesday, July 23rd. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts predict that VMware will post $3.32 earnings per share for the current fiscal year.
VMware, Inc is the provider of virtualization infrastructure solutions utilized by organizations to help transform the way they build, deliver and consume information technology (NYSE:VMW) resources.
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