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.
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).
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