Equities research analysts at Nomura assumed coverage on shares of VMware (NYSE:VMW) in a research note issued on Tuesday, The Fly reports. The brokerage set a “reduce” rating and a $108.00 price target on the virtualization software provider’s stock. Nomura’s target price suggests a potential downside of 21.72% from the stock’s previous close.
VMW has been the subject of a number of other reports. Gabelli downgraded shares of VMware from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. They noted that the move was a valuation call. Deutsche Bank restated a “buy” rating and set a $145.00 price objective on shares of VMware in a research report on Friday, December 1st. CIBC lifted their price objective on VMware from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. Robert W. Baird restated a “buy” rating and set a $125.00 price objective on shares of VMware in a research report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded VMware from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $125.50.
VMware (NYSE VMW) traded up $1.27 during mid-day trading on Tuesday, hitting $137.96. 1,341,524 shares of the stock were exchanged, compared to its average volume of 1,335,793. VMware has a 52 week low of $81.26 and a 52 week high of $137.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86. The firm has a market cap of $55,460.00, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 3.13 and a beta of 0.67.
VMware (NYSE:VMW) last posted its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.07. VMware had a net margin of 18.97% and a return on equity of 18.57%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the firm earned $1.14 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. equities research analysts expect that VMware will post 3.77 earnings per share for the current year.
In related news, Director Egon Durban sold 435,682 shares of VMware stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total transaction of $47,624,399.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurizio Carli sold 2,581 shares of VMware stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total transaction of $335,220.28. The disclosure for this sale can be found here. Insiders have sold a total of 484,155 shares of company stock valued at $53,551,032 over the last three months. Corporate insiders own 34.40% of the company’s stock.
Several large investors have recently bought and sold shares of VMW. Amalgamated Bank lifted its holdings in shares of VMware by 59.5% during the 2nd quarter. Amalgamated Bank now owns 7,264 shares of the virtualization software provider’s stock valued at $635,000 after acquiring an additional 2,711 shares in the last quarter. Laurion Capital Management LP lifted its holdings in shares of VMware by 2.8% during the 2nd quarter. Laurion Capital Management LP now owns 3,700 shares of the virtualization software provider’s stock valued at $323,000 after acquiring an additional 100 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of VMware during the 2nd quarter valued at $223,000. PNC Financial Services Group Inc. lifted its holdings in shares of VMware by 3.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,638 shares of the virtualization software provider’s stock valued at $754,000 after acquiring an additional 266 shares in the last quarter. Finally, Menta Capital LLC acquired a new position in shares of VMware during the 2nd quarter valued at $1,031,000. Institutional investors and hedge funds own 22.48% of the company’s stock.
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VMware Company Profile
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).