VMware, Inc. (VMW) Sees Significant Decrease in Short Interest

VMware, Inc. (NYSE:VMW) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 19,945,750 shares, a drop of 15.5% from the January 12th total of 23,592,824 shares. Currently, 29.2% of the shares of the company are short sold. Based on an average daily volume of 6,200,538 shares, the days-to-cover ratio is currently 3.2 days.

Shares of VMware (NYSE VMW) opened at $120.08 on Wednesday. The company has a market cap of $48,410.00, a price-to-earnings ratio of 34.31, a PEG ratio of 2.35 and a beta of 0.81. VMware has a 52-week low of $85.45 and a 52-week high of $165.00. 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 announced its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.07. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. VMware had a net margin of 18.97% and a return on equity of 18.57%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. analysts anticipate that VMware will post 3.77 earnings per share for the current fiscal year.

In related news, COO Sanjay Poonen sold 2,764 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $118.50, for a total value of $327,534.00. Following the sale, the chief operating officer now owns 189,391 shares in the company, valued at $22,442,833.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $120.40, for a total transaction of $2,815,072.40. The disclosure for this sale can be found here. Insiders sold 38,726 shares of company stock worth $4,774,927 in the last 90 days. 34.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. USA Financial Portformulas Corp raised its position in shares of VMware by 3.5% during the 2nd quarter. USA Financial Portformulas Corp now owns 6,000 shares of the virtualization software provider’s stock valued at $525,000 after purchasing an additional 202 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of VMware by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 13,983 shares of the virtualization software provider’s stock valued at $1,752,000 after purchasing an additional 455 shares during the period. BB&T Corp increased its holdings in VMware by 12.9% in the 3rd quarter. BB&T Corp now owns 4,049 shares of the virtualization software provider’s stock valued at $442,000 after acquiring an additional 462 shares during the last quarter. CIBC Asset Management Inc increased its holdings in VMware by 2.8% in the 3rd quarter. CIBC Asset Management Inc now owns 17,321 shares of the virtualization software provider’s stock valued at $1,891,000 after acquiring an additional 465 shares during the last quarter. Finally, ETRADE Capital Management LLC increased its holdings in VMware by 6.9% in the 3rd quarter. ETRADE Capital Management LLC now owns 7,226 shares of the virtualization software provider’s stock valued at $789,000 after acquiring an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 21.86% of the company’s stock.

Several equities research analysts recently issued reports on VMW shares. Cowen upgraded shares of VMware from a “market perform” rating to an “outperform” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of VMware from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Barclays restated a “buy” rating on shares of VMware in a report on Friday, November 10th. KeyCorp upgraded shares of VMware from a “sector weight” rating to an “overweight” rating and set a $142.00 price target on the stock in a research note on Monday, December 18th. Finally, Royal Bank of Canada lifted their price target on shares of VMware to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. VMware presently has an average rating of “Buy” and an average target price of $130.00.

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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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