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.
COPYRIGHT VIOLATION NOTICE: “Analysts Set VMware, Inc. (VMW) Price Target at $87.62” was first published by sleekmoney and is owned by of sleekmoney. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://sleekmoney.com/analysts-set-vmware-inc-vmw-price-target-at-87-62/1739354.html.
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).
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/analysts-set-vmware-inc-vmw-price-target-at-87-62/1739354.html
Receive News & Ratings for VMware Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware Inc. and related companies with MarketBeat.com's FREE daily email newsletter.