VMware, Inc. (NYSE:VMW) has been given a consensus rating of “Hold” by the thirty-eight analysts that are covering the company. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and seventeen have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $86.04.
Several equities analysts have recently issued reports on VMW shares. Instinet boosted their target price on VMware from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, January 27th. OTR Global upgraded VMware from a “reduce” rating to a “neutral” rating in a research report on Thursday, January 12th. Morgan Stanley boosted their target price on VMware from $98.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 27th. William Blair restated an “outperform” rating on shares of VMware in a research report on Tuesday, January 17th. Finally, Pacific Crest restated an “equal weight” rating on shares of VMware in a research report on Monday, January 30th.
In related news, COO Sanjay Poonen sold 1,889 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $89.04, for a total transaction of $168,196.56. Following the transaction, the chief operating officer now directly owns 182,569 shares of the company’s stock, valued at approximately $16,255,943.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Orbis Allan Gray Ltd acquired a new position in VMware during the third quarter worth $79,048,000. Dodge & Cox acquired a new position in VMware during the fourth quarter worth $745,926,000. Robeco Institutional Asset Management B.V. acquired a new position in VMware during the third quarter worth $7,017,000. BlackRock Group LTD raised its position in VMware by 0.7% in the third quarter. BlackRock Group LTD now owns 570,293 shares of the virtualization software provider’s stock worth $41,832,000 after buying an additional 4,101 shares during the last quarter. Finally, Gillespie Robinson & Grimm Inc. raised its position in VMware by 1.8% in the third quarter. Gillespie Robinson & Grimm Inc. now owns 255,529 shares of the virtualization software provider’s stock worth $18,692,000 after buying an additional 4,530 shares during the last quarter. 21.88% of the stock is currently owned by institutional investors and hedge funds.
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VMware (NYSE:VMW) opened at 92.61 on Thursday. The company’s 50-day moving average is $89.94 and its 200 day moving average is $80.58. VMware has a 12 month low of $49.76 and a 12 month high of $93.05. The company has a market cap of $37.84 billion, a price-to-earnings ratio of 33.34 and a beta of 0.97.
VMware (NYSE:VMW) last posted its 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. The company earned $2.03 billion during the quarter, compared to analyst estimates of $1.99 billion. VMware had a return on equity of 16.31% and a net margin of 16.72%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 EPS. Equities analysts forecast that VMware will post $4.91 earnings per share for the current fiscal year.
VMware, Inc is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC).
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