Vmware, Inc. (NYSE:VMW) had its target price raised by research analysts at Barclays PLC from $130.00 to $140.00 in a report released on Monday. The firm presently has an “overweight” rating on the virtualization software provider’s stock. Barclays PLC’s price target points to a potential upside of 17.72% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Drexel Hamilton reaffirmed a “buy” rating and set a $120.00 price target on shares of Vmware in a research report on Thursday. Zacks Investment Research lowered Vmware from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of Vmware in a research report on Tuesday, October 17th. Robert W. Baird reaffirmed a “buy” rating and set a $125.00 price target on shares of Vmware in a research report on Wednesday, October 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $123.00 price target (up previously from $115.00) on shares of Vmware in a research report on Wednesday, September 27th. Fifteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $115.35.

Shares of Vmware (NYSE VMW) traded up $0.99 during mid-day trading on Monday, hitting $118.93. The stock had a trading volume of 1,268,676 shares, compared to its average volume of 1,790,877. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $48,314.48, a PE ratio of 33.22, a PEG ratio of 2.70 and a beta of 0.67. Vmware has a 12 month low of $74.85 and a 12 month high of $121.09.

Vmware (NYSE:VMW) last posted its quarterly earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 earnings per share. equities research analysts forecast that Vmware will post 3.79 earnings per share for the current year.

Vmware announced that its Board of Directors has approved a stock repurchase 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 repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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In other Vmware news, COO Sanjay Poonen sold 1,134 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $106.51, for a total transaction of $120,782.34. Following the sale, the chief operating officer now owns 192,774 shares in the company, valued at approximately $20,532,358.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Egon Durban sold 435,682 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total value of $47,624,399.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 466,314 shares of company stock worth $51,024,652. 0.52% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in VMW. KBC Group grew its stake in shares of Vmware by 7.0% in the 3rd quarter. KBC Group now owns 32,962 shares of the virtualization software provider’s stock valued at $2,598,000 after buying an additional 2,142 shares in the last quarter. Water Island Capital acquired a new position in shares of Vmware during the third quarter worth approximately $3,880,000. Janus Capital Management lifted its holdings in shares of Vmware by 128.0% during the third quarter. Janus Capital Management now owns 14,600 shares of the virtualization software provider’s stock worth $1,150,000 after buying an additional 8,197 shares during the last quarter. PGGM Investments lifted its holdings in shares of Vmware by 0.4% during the fourth quarter. PGGM Investments now owns 319,484 shares of the virtualization software provider’s stock worth $18,073,000 after buying an additional 1,208 shares during the last quarter. Finally, DNB Asset Management raised its stake in shares of Vmware by 113.2% in the fourth quarter. DNB Asset Management now owns 318,869 shares of the virtualization software provider’s stock valued at $18,038,419 after purchasing an additional 169,300 shares in the last quarter. 22.27% of the stock is currently owned by institutional investors.

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).

Analyst Recommendations for Vmware (NYSE:VMW)

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