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.
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).
