Vmware, Inc. (NYSE:VMW) COO Rajiv Ramaswami sold 9,747 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $118.16, for a total transaction of $1,151,705.52. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Vmware, Inc. (NYSE:VMW) traded down $1.18 during trading hours on Friday, hitting $117.94. 1,348,900 shares of the stock traded hands, compared to its average volume of 1,785,937. The stock has a market cap of $48,707.74, a P/E ratio of 33.49 and a beta of 0.67.

Vmware (NYSE:VMW) last issued its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.04. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the business earned $0.97 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. analysts predict that Vmware, Inc. will post 3.79 EPS for the current fiscal year.

Vmware declared that its Board of Directors has authorized a stock buyback program on Monday, August 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the virtualization software provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

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Several large investors have recently modified their holdings of VMW. Dimensional Fund Advisors LP lifted its stake in shares of Vmware by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 89,123 shares of the virtualization software provider’s stock worth $8,211,000 after purchasing an additional 875 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Vmware by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 170,870 shares of the virtualization software provider’s stock worth $15,744,000 after purchasing an additional 8,017 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Vmware in the 1st quarter worth approximately $141,000. Driehaus Capital Management LLC bought a new position in shares of Vmware in the 1st quarter worth approximately $270,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Vmware by 69.5% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 23,909 shares of the virtualization software provider’s stock worth $2,090,000 after purchasing an additional 9,800 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.

A number of research analysts have issued reports on VMW shares. BMO Capital Markets boosted their price objective on shares of Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Tuesday, August 15th. Drexel Hamilton reissued a “buy” rating and set a $120.00 price objective on shares of Vmware in a research report on Thursday. Deutsche Bank AG boosted their price objective on shares of Vmware from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 15th. Bank of America Corporation reissued a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Vmware in a research report on Thursday, September 14th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Vmware in a research report on Tuesday, August 29th. Fifteen analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Vmware has an average rating of “Buy” and a consensus target price of $113.88.

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).

Insider Buying and Selling by Quarter for Vmware (NYSE:VMW)

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