Vmware (NYSE:VMW) had its target price lifted by Stifel Nicolaus from $150.00 to $152.00 in a research report issued to clients and investors on Sunday, StockTargetPrices.com reports. The firm currently has a “buy” rating on the virtualization software provider’s stock. Stifel Nicolaus’ price objective points to a potential upside of 22.15% from the company’s previous close.

VMW has been the topic of a number of other reports. Berenberg Bank reissued a “hold” rating and issued a $94.00 price target on shares of Vmware in a research report on Tuesday, August 29th. Zacks Investment Research raised Vmware from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research report on Wednesday, October 25th. BMO Capital Markets boosted their price target on Vmware from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 15th. MKM Partners reissued a “buy” rating and issued a $120.00 price target (up from $110.00) on shares of Vmware in a research report on Monday, August 28th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $125.00 price target (up from $120.00) on shares of Vmware in a research report on Thursday, August 31st. Fifteen analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $124.50.

Shares of Vmware (NYSE VMW) opened at $124.44 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.98 and a quick ratio of 1.98. Vmware has a 12-month low of $76.81 and a 12-month high of $127.60. The company has a market capitalization of $49,203.43, a P/E ratio of 32.55, a PEG ratio of 2.75 and a beta of 0.67.

Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. Vmware had a return on equity of 18.58% and a net margin of 18.97%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. research analysts predict that Vmware will post 3.79 earnings per share for the current year.

Vmware declared that its board has initiated a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

In other news, COO Rajiv Ramaswami sold 9,747 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $118.16, for a total transaction of $1,151,705.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Sanjay Poonen sold 1,134 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $106.51, for a total value of $120,782.34. Following the transaction, the chief operating officer now directly owns 192,774 shares in the company, valued at $20,532,358.74. The disclosure for this sale can be found here. Insiders have sold a total of 446,563 shares of company stock worth $48,896,887 over the last three months. Insiders own 34.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sapphire Star Partners LP lifted its holdings in shares of Vmware by 20.0% during the 3rd quarter. Sapphire Star Partners LP now owns 2,880 shares of the virtualization software provider’s stock valued at $314,000 after buying an additional 480 shares during the period. Summit Global Investments bought a new position in shares of Vmware during the 2nd quarter valued at $631,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Vmware during the 2nd quarter valued at $1,121,000. BP PLC bought a new position in shares of Vmware during the 3rd quarter valued at $928,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Vmware by 64.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 35,641 shares of the virtualization software provider’s stock valued at $3,116,000 after buying an additional 13,946 shares during the period. 22.21% of the stock is currently owned by hedge funds and other institutional investors.

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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).

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