VMware, Inc. (NYSE:VMW) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

VMW has been the topic of a number of other reports. Drexel Hamilton reissued a “buy” rating and issued a $105.00 price target on shares of VMware in a research note on Thursday, April 6th. MKM Partners reissued a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of VMware in a research note on Thursday, June 1st. Royal Bank of Canada boosted their price target on shares of VMware from $97.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 31st. Jefferies Group LLC reissued a “buy” rating and issued a $105.00 price target on shares of VMware in a research note on Friday, March 17th. Finally, Zacks Investment Research downgraded shares of VMware from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. VMware has a consensus rating of “Hold” and an average target price of $92.90.

Analyst Recommendations for VMware (NYSE:VMW)

Shares of VMware (NYSE VMW) traded down 3.29% during trading on Friday, reaching $87.63. 3,264,303 shares of the company’s stock were exchanged. VMware has a 12-month low of $55.12 and a 12-month high of $98.00. The company has a 50 day moving average of $93.83 and a 200 day moving average of $88.34. The stock has a market cap of $35.79 billion, a P/E ratio of 31.54 and a beta of 0.97.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.71 billion. VMware had a net margin of 16.72% and a return on equity of 16.31%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Equities research analysts anticipate that VMware will post $4.92 EPS for the current year.

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In other VMware news, Director Egon Durban sold 666,354 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $89.14, for a total transaction of $59,398,795.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurizio Carli sold 11,237 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $94.66, for a total transaction of $1,063,694.42. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in VMW. Advantage Investment Management LLC purchased a new position in shares of VMware during the first quarter worth approximately $139,000. Financial Architects Inc purchased a new position in shares of VMware during the first quarter worth approximately $140,000. Oppenheimer Asset Management Inc. purchased a new position in shares of VMware during the first quarter worth approximately $141,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of VMware by 34.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,887 shares of the virtualization software provider’s stock worth $149,000 after buying an additional 483 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of VMware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock worth $169,000 after buying an additional 160 shares during the last quarter. Institutional investors own 21.88% of the company’s stock.

VMware Company Profile

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).

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