Shares of VMware, Inc. (NYSE:VMW) have been given an average recommendation of “Hold” by the thirty-nine analysts that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, twenty have issued a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $88.38.
VMW has been the topic of several analyst reports. Instinet raised their price target on shares of VMware from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, January 27th. OTR Global raised shares of VMware from a “reduce” rating to a “neutral” rating in a research note on Thursday, January 12th. Morgan Stanley raised their price target on shares of VMware from $98.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. William Blair reiterated an “outperform” rating on shares of VMware in a report on Tuesday, January 17th. Finally, Pacific Crest reiterated an “equal weight” rating on shares of VMware in a report on Monday, January 30th.
Shares of VMware (NYSE:VMW) traded down 0.18% on Monday, hitting $91.06. 448,366 shares of the company were exchanged. VMware has a 52-week low of $51.23 and a 52-week high of $93.05. The company has a 50-day moving average price of $91.07 and a 200 day moving average price of $82.97. The firm has a market cap of $37.21 billion, a P/E ratio of 32.78 and a beta of 0.97.
VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, January 26th. The virtualization software provider reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.03. VMware had a net margin of 16.72% and a return on equity of 16.31%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts predict that VMware will post $4.91 EPS for the current fiscal year.
In related news, COO Sanjay Poonen sold 1,889 shares of VMware stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $89.04, for a total transaction of $168,196.56. Following the sale, the chief operating officer now directly owns 182,569 shares in the company, valued at $16,255,943.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.52% of the company’s stock.
Several large investors have recently modified their holdings of VMW. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of VMware by 34.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,887 shares of the virtualization software provider’s stock worth $149,000 after buying an additional 483 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of VMware by 7.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,452 shares of the virtualization software provider’s stock worth $193,000 after buying an additional 168 shares in the last quarter. Orinda Asset Management LLC bought a new stake in shares of VMware during the third quarter worth $197,000. VNBTrust National Association bought a new stake in shares of VMware during the first quarter worth $203,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of VMware during the fourth quarter worth $253,000. Institutional investors and hedge funds own 21.88% of the company’s stock.
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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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