Several analysts have recently updated their ratings and price targets for Vmware (NYSE: VMW):

  • 9/27/2017 – Vmware had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $123.00 price target on the stock, up previously from $115.00.
  • 9/26/2017 – Vmware was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $120.00 price target on the stock. According to Zacks, “VMware's strong results can be attributed to robust performance of its product offerings like NSX, AirWatch, vSphere, and vSAN. During the last reported quarter, VMware unveiled major updates across its VMware vRealize Cloud Management Platform. We believe that expanding product portfolio, partnerships with the likes of Intel, Samsung, Fujitsu, Pivotal, Alphabet, and Microsoft along with continuing enterprise deal wins will drive results in the rest of fiscal 2018. Moreover, aggressive share repurchase will support bottom-line. The company has outperformed the industry on a year-to-date basis.”
  • 9/22/2017 – Vmware was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “VMware's strong results can be attributed to robust performance of its product offerings like NSX, AirWatch, vSphere, and vSAN. During the last reported quarter, VMware unveiled major updates across its VMware vRealize Cloud Management Platform. We believe that expanding product portfolio, partnerships with the likes of Intel, Samsung, Fujitsu, Pivotal, Alphabet, and Microsoft along with continuing enterprise deal wins will drive results in the rest of fiscal 2018. Moreover, aggressive share repurchase will support bottom-line. The company has outperformed the industry on a year-to-date basis.”
  • 9/14/2017 – Vmware was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $130.00 price target on the stock, up previously from $109.00.
  • 9/14/2017 – Vmware had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $125.00 price target on the stock, up previously from $120.00.
  • 9/12/2017 – Vmware had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $125.00 price target on the stock.
  • 9/6/2017 – Vmware is now covered by analysts at Moffett Nathanson. They set a “neutral” rating and a $120.00 price target on the stock.
  • 9/5/2017 – Vmware is now covered by analysts at Credit Suisse Group. They set an “outperform” rating and a $130.00 price target on the stock.
  • 9/5/2017 – Vmware had its price target raised by analysts at Oppenheimer Holdings Inc. from $110.00 to $120.00. They now have a “buy” rating on the stock.
  • 9/5/2017 – Vmware had its “outperform” rating reaffirmed by analysts at William Blair.
  • 9/4/2017 – Vmware was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $121.00 price target on the stock. According to Zacks, “VMware reported impressive second-quarter fiscal 2018 results. Both earnings and revenues beat the Zacks Consensus Estimates. The strong top-line growth can be attributed to robust performance of its product offerings like NSX, AirWatch, vSphere, and vSAN. During the quarter, VMware unveiled major updates across its VMware vRealize Cloud Management Platform. We believe that expanding product portfolio, partnerships with the likes of Intel, Samsung, Fujitsu, Pivotal, Alphabet, and Microsoft along with continuing enterprise deal wins will drive results in the rest of fiscal 2018. Moreover, aggressive share repurchase will support bottom-line. The company has outperformed the industry on a year-to-date basis.”
  • 9/1/2017 – Vmware had its “sector weight” rating reaffirmed by analysts at KeyCorp.
  • 8/31/2017 – Vmware had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $125.00 price target on the stock, up previously from $120.00.
  • 8/29/2017 – Vmware had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 8/29/2017 – Vmware had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a $94.00 price target on the stock.
  • 8/28/2017 – Vmware had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $120.00 price target on the stock, up previously from $110.00.
  • 8/28/2017 – Vmware had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $124.00 price target on the stock.
  • 8/25/2017 – Vmware had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $120.00 price target on the stock, up previously from $115.00.
  • 8/25/2017 – Vmware was upgraded by analysts at Bank of America Corporation from a “neutral” rating to a “buy” rating. They now have a $120.00 price target on the stock, up previously from $108.00.
  • 8/25/2017 – Vmware had its “hold” rating reaffirmed by analysts at Maxim Group. They now have a $105.00 price target on the stock. They wrote, “Impressive bookings trends for the July quarter, likely driven by 62% y/y ELA bookings growth. Color on drivers and our own checks make us believe most of the momentum is DELL-driven.””
  • 8/25/2017 – Vmware had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $120.00 price target on the stock, up previously from $113.00.
  • 8/25/2017 – Vmware had its price target raised by analysts at Jefferies Group LLC from $121.00 to $129.00. They now have a “buy” rating on the stock.
  • 8/25/2017 – Vmware had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $115.00 price target on the stock, up previously from $107.00.
  • 8/25/2017 – Vmware had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $114.00 price target on the stock, up previously from $110.00.
  • 8/25/2017 – Vmware had its “ourperform” rating reaffirmed by analysts at William Blair.
  • 8/25/2017 – Vmware had its price target raised by analysts at Barclays PLC from $100.00 to $109.00. They now have an “equal weight” rating on the stock.
  • 8/25/2017 – Vmware had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $118.00 price target on the stock, up previously from $109.00.
  • 8/23/2017 – Vmware had its price target raised by analysts at Royal Bank Of Canada from $113.00 to $125.00. They now have an “outperform” rating on the stock.
  • 8/22/2017 – Vmware was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $120.00 price target on the stock, up previously from $110.00.
  • 8/19/2017 – Vmware was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/18/2017 – Vmware had its “hold” rating reaffirmed by analysts at Evercore ISI. They now have a $95.00 price target on the stock. They wrote, “We will update our model and our price target following VMware’s earnings call on August 24 th .””
  • 8/15/2017 – Vmware had its price target raised by analysts at BMO Capital Markets from $105.00 to $110.00. They now have a “market perform” rating on the stock.
  • 8/15/2017 – Vmware had its price target raised by analysts at Deutsche Bank AG from $100.00 to $110.00. They now have a “hold” rating on the stock.
  • 8/15/2017 – Vmware had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $113.00 price target on the stock.
  • 8/14/2017 – Vmware had its price target raised by analysts at Mizuho from $90.00 to $95.00. They now have a “neutral” rating on the stock.
  • 8/14/2017 – Vmware was given a new $115.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 8/14/2017 – Vmware had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $104.00 price target on the stock, up previously from $98.00.
  • 8/11/2017 – Vmware had its price target raised by analysts at Citigroup Inc. from $120.00 to $124.00. They now have a “buy” rating on the stock.

Shares of Vmware, Inc. (NYSE:VMW) traded up 0.41% during trading on Tuesday, hitting $110.60. 1,427,437 shares of the stock traded hands. Vmware, Inc. has a 52 week low of $72.05 and a 52 week high of $112.00. The firm’s 50-day moving average price is $105.48 and its 200-day moving average price is $95.28. The company has a market cap of $45.23 billion, a price-to-earnings ratio of 39.81 and a beta of 0.72.

Vmware (NYSE:VMW) last released its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 earnings per share. On average, equities research analysts anticipate that Vmware, Inc. will post $5.07 earnings per share for the current year.

In related news, COO Rajiv Ramaswami sold 20,457 shares of Vmware stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $87.84, for a total transaction of $1,796,942.88. Following the completion of the transaction, the chief operating officer now directly owns 313,721 shares of the company’s stock, valued at approximately $27,557,252.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider P. Kevan Krysler sold 13,751 shares of Vmware stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $107.69, for a total transaction of $1,480,845.19. The disclosure for this sale can be found here. Insiders sold a total of 41,342 shares of company stock worth $4,045,490 in the last 90 days. 0.52% of the stock is owned by corporate insiders.

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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