VMware, Inc. (VMW) Given Average Recommendation of “Buy” by Analysts

Shares of VMware, Inc. (NYSE:VMW) have earned an average recommendation of “Buy” from the thirty-one ratings firms that are covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $125.09.

A number of research analysts have recently weighed in on VMW shares. Zacks Investment Research raised VMware from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research report on Wednesday, October 25th. Barclays lifted their price objective on VMware from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 6th. Mizuho reaffirmed a “hold” rating and set a $110.00 price objective on shares of VMware in a research report on Friday, November 17th. Jefferies Group reaffirmed a “buy” rating and set a $140.00 price objective on shares of VMware in a research report on Friday, December 1st. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $145.00 price objective on shares of VMware in a research report on Friday, December 1st.

In other VMware news, COO Sanjay Poonen sold 10,000 shares of VMware stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total value of $1,297,100.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Maurizio Carli sold 2,581 shares of VMware stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $129.88, for a total value of $335,220.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 484,155 shares of company stock worth $53,551,032. 34.40% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Laurion Capital Management LP increased its stake in VMware by 2.8% in the 2nd quarter. Laurion Capital Management LP now owns 3,700 shares of the virtualization software provider’s stock worth $323,000 after acquiring an additional 100 shares during the last quarter. Strategic Global Advisors LLC increased its stake in VMware by 2.8% in the 2nd quarter. Strategic Global Advisors LLC now owns 7,370 shares of the virtualization software provider’s stock worth $644,000 after acquiring an additional 200 shares during the last quarter. USA Financial Portformulas Corp increased its stake in VMware by 3.5% in the 2nd quarter. USA Financial Portformulas Corp now owns 6,000 shares of the virtualization software provider’s stock worth $525,000 after acquiring an additional 202 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in VMware by 3.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,638 shares of the virtualization software provider’s stock worth $754,000 after acquiring an additional 266 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in VMware by 8.2% in the 2nd quarter. MML Investors Services LLC now owns 3,629 shares of the virtualization software provider’s stock worth $317,000 after acquiring an additional 276 shares during the last quarter. 22.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of VMware (NYSE VMW) opened at $132.53 on Monday. The stock has a market capitalization of $53,427.88, a PE ratio of 38.08, a price-to-earnings-growth ratio of 3.05 and a beta of 0.67. VMware has a 52 week low of $81.11 and a 52 week high of $133.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86.

VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.07. VMware had a return on equity of 18.57% 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 earned $1.14 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. equities research analysts anticipate that VMware will post 3.77 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/15/vmware-inc-vmw-given-average-recommendation-of-buy-by-analysts.html.

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)

Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply