VMware, Inc. (NYSE:VMW)‘s stock had its “outperform” rating reissued by Cowen and Company in a research note issued on Thursday. They presently have a $98.00 price objective on the virtualization software provider’s stock, up from their previous price objective of $92.00. Cowen and Company’s target price would suggest a potential upside of 1.27% from the stock’s current price.

A number of other equities research analysts also recently weighed in on VMW. Mizuho boosted their price objective on shares of VMware from $73.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 27th. Jefferies Group LLC boosted their price objective on shares of VMware from $91.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Instinet boosted their price objective on shares of VMware from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, January 27th. MKM Partners reaffirmed a “buy” rating and set a $100.00 price objective (up previously from $84.00) on shares of VMware in a research report on Tuesday, January 31st. Finally, Drexel Hamilton boosted their price objective on shares of VMware to $105.00 in a research report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $88.37.

Analyst Recommendations for VMware (NYSE:VMW)

VMware (NYSE:VMW) traded up 0.78% during trading on Thursday, hitting $96.77. The company had a trading volume of 875,702 shares. VMware has a 12 month low of $55.12 and a 12 month high of $97.36. The company has a market cap of $39.54 billion, a PE ratio of 34.83 and a beta of 0.97. The company’s 50 day moving average price is $93.22 and its 200-day moving average price is $87.12.

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In related news, Director Egon Durban sold 666,354 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $89.14, for a total value of $59,398,795.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Sanjay Poonen sold 1,889 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $89.04, for a total transaction of $168,196.56. Following the completion of the transaction, the chief operating officer now owns 182,569 shares in the company, valued at $16,255,943.76. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dodge & Cox purchased a new position in VMware during the fourth quarter worth about $745,926,000. BlackRock Inc. raised its position in VMware by 4,817.7% in the first quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock worth $469,811,000 after buying an additional 4,995,179 shares during the last quarter. Vanguard Group Inc. raised its position in VMware by 9.9% in the first quarter. Vanguard Group Inc. now owns 3,930,665 shares of the virtualization software provider’s stock worth $362,171,000 after buying an additional 352,516 shares during the last quarter. Investec Asset Management LTD raised its position in VMware by 70.1% in the fourth quarter. Investec Asset Management LTD now owns 2,625,594 shares of the virtualization software provider’s stock worth $206,713,000 after buying an additional 1,082,314 shares during the last quarter. Finally, FIL Ltd raised its position in VMware by 2.0% in the first quarter. FIL Ltd now owns 2,359,764 shares of the virtualization software provider’s stock worth $217,429,000 after buying an additional 45,525 shares during the last quarter. Institutional investors and hedge funds own 21.88% of the company’s stock.

About VMware

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).

12 Month Chart for NYSE:VMW

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