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VMware (NYSE:VMW) COO Carl M. Eschenbach unloaded 8,958 shares of VMware stock on the open market in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $96.53, for a total transaction of $864,715.74. Following the completion of the transaction, the chief operating officer now directly owns 63,145 shares in the company, valued at approximately $6,095,387. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on VMW. Analysts at Piper Jaffray upgraded shares of VMware from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 29th. They now have a $111.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. VMware has a consensus rating of “Buy” and a consensus price target of $108.30.

VMware (NYSE:VMW) traded up 0.33% during mid-day trading on Thursday, hitting $96.70. 1,041,468 shares of the company’s stock traded hands. VMware has a 52 week low of $64.86 and a 52 week high of $112.89. The stock has a 50-day moving average of $95.35 and a 200-day moving average of $95.03. The company has a market cap of $41.631 billion and a price-to-earnings ratio of 40.18.

VMware (NYSE:VMW) last posted its quarterly 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. Analysts expect that VMware will post $3.52 EPS 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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