Share on StockTwits

VMware (NYSE:VMW) VP S. Dawn Smith unloaded 1,436 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.52, for a total value of $138,602.72. Following the sale, the vice president now directly owns 6,465 shares of the company’s stock, valued at approximately $624,002. The transaction was disclosed in a filing 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 Janney Montgomery Scott cut their price target on shares of VMware from $130.00 to $125.00 in a research note on Wednesday, April 23rd. They now have a “fair value” rating on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of VMware in a research note on Wednesday, April 23rd. They now have a $120.00 price target on the stock, down previously from $124.00. Finally, analysts at Cowen and Company reiterated an “outperform” rating on shares of VMware in a research note on Wednesday, April 23rd. They now have a $107.00 price target on the stock, down previously from $110.00. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $108.21.

VMware (NYSE:VMW) traded up 0.29% during mid-day trading on Tuesday, hitting $96.79. 769,271 shares of the company’s stock traded hands. VMware has a one year low of $64.86 and a one year high of $112.89. The stock has a 50-day moving average of $96.64 and a 200-day moving average of $94.36. The company has a market cap of $41.670 billion and a P/E ratio of 40.23.

VMware (NYSE:VMW) last announced its earnings results on Tuesday, April 22nd. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts predict that VMware will post $3.52 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.