VMware, Inc. (VMW) Given Consensus Recommendation of “Buy” by Brokerages

Shares of VMware, Inc. (NYSE:VMW) have been given a consensus rating of “Buy” by the twenty-nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $129.39.

A number of research firms have recently weighed in on VMW. Citigroup cut shares of VMware from a “buy” rating to a “neutral” rating and set a $124.00 price target on the stock. in a research note on Monday. Zacks Investment Research cut shares of VMware from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. Robert W. Baird reissued a “buy” rating and issued a $135.00 price objective on shares of VMware in a research note on Tuesday, January 30th. Deutsche Bank increased their price objective on shares of VMware from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Cowen reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of VMware in a research note on Monday, January 29th.

VMware (VMW) opened at $108.46 on Friday. 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 has a 12 month low of $85.45 and a 12 month high of $165.00. The firm has a market cap of $43,720.00, a price-to-earnings ratio of 30.99, a PEG ratio of 2.40 and a beta of 0.81.

VMware (NYSE:VMW) last posted its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, topping 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 business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the prior year, the company posted $1.14 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. research analysts predict that VMware will post 3.77 earnings per share for the current year.

In other VMware news, COO Sanjay Poonen sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $129.71, for a total value of $1,297,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maurizio Carli sold 2,581 shares of the company’s stock in a transaction dated 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. Over the last 90 days, insiders sold 38,726 shares of company stock worth $4,774,927. 34.40% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in VMW. ProShare Advisors LLC purchased a new position in shares of VMware during the 2nd quarter worth about $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 worth $754,000 after acquiring an additional 266 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of VMware by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 89,919 shares of the virtualization software provider’s stock worth $7,862,000 after acquiring an additional 796 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of VMware by 44.9% during the 2nd quarter. Macquarie Group Ltd. now owns 10,000 shares of the virtualization software provider’s stock worth $874,000 after acquiring an additional 3,100 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of VMware by 6,030.7% during the 2nd quarter. Janus Henderson Group PLC now owns 806,433 shares of the virtualization software provider’s stock worth $70,506,000 after acquiring an additional 793,279 shares during the period. Institutional investors and hedge funds own 22.45% 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).

Analyst Recommendations for VMware (NYSE:VMW)

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