VMware, Inc. (NYSE:VMW) Receives $175.15 Average PT from Analysts

Shares of VMware, Inc. (NYSE:VMW) have received an average recommendation of “Hold” from the twenty-six research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $175.15.

VMW has been the subject of several research analyst reports. TheStreet upgraded VMware from a “d+” rating to a “b-” rating in a report on Friday, August 23rd. Raymond James reduced their price objective on VMware from $206.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. They noted that the move was a valuation call. Morgan Stanley reduced their price objective on VMware from $190.00 to $188.00 and set an “equal weight” rating for the company in a report on Monday, August 26th. Royal Bank of Canada reduced their price objective on VMware from $210.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, August 23rd. Finally, Nomura set a $114.00 price target on VMware and gave the company a “sell” rating in a research note on Thursday, August 29th.

In other news, COO Rangarajan (Raghu) Raghuram sold 24,778 shares of VMware stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $140.62, for a total transaction of $3,484,282.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Amy Fliegelman Olli sold 2,753 shares of VMware stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $150.00, for a total value of $412,950.00. Following the transaction, the vice president now directly owns 38,728 shares in the company, valued at $5,809,200. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,498 shares of company stock worth $11,190,610. Insiders own 28.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its holdings in VMware by 28.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 15,821 shares of the virtualization software provider’s stock worth $2,374,000 after purchasing an additional 3,545 shares in the last quarter. Campbell Capital Management Inc. purchased a new position in VMware in the 3rd quarter worth approximately $2,408,000. Macquarie Group Ltd. lifted its holdings in VMware by 5.5% in the 2nd quarter. Macquarie Group Ltd. now owns 114,879 shares of the virtualization software provider’s stock worth $19,209,000 after purchasing an additional 6,037 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in VMware by 8.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 49,784 shares of the virtualization software provider’s stock worth $8,324,000 after purchasing an additional 3,801 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in VMware by 7.7% in the 2nd quarter. BlackRock Inc. now owns 4,444,800 shares of the virtualization software provider’s stock worth $743,215,000 after purchasing an additional 319,201 shares in the last quarter. 17.51% of the stock is currently owned by institutional investors.

NYSE VMW traded up $0.46 during trading hours on Wednesday, hitting $153.95. The company’s stock had a trading volume of 992,868 shares, compared to its average volume of 1,399,338. VMware has a 12 month low of $128.69 and a 12 month high of $206.80. The company’s 50 day simple moving average is $145.94 and its two-hundred day simple moving average is $172.43. The company has a market cap of $62.91 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 2.39 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.96 and a quick ratio of 0.96.

VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, August 22nd. The virtualization software provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.15 by $0.45. VMware had a return on equity of 47.55% and a net margin of 66.00%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period last year, the company earned $1.54 EPS. VMware’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts predict that VMware will post 4.87 earnings per share for the current fiscal year.

VMware Company Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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Analyst Recommendations for VMware (NYSE:VMW)

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