VMware, Inc. (VMW) Given Consensus Recommendation of “Buy” by Analysts

VMware, Inc. (NYSE:VMW) has earned a consensus recommendation of “Buy” from the thirty brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $159.09.

A number of research firms recently issued reports on VMW. Zacks Investment Research upgraded VMware from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. Maxim Group boosted their price objective on VMware from $142.00 to $150.00 and gave the company a “hold” rating in a research note on Friday, August 24th. Stifel Nicolaus boosted their price objective on VMware from $122.00 to $142.00 and gave the company a “hold” rating in a research note on Friday, August 24th. William Blair reiterated an “outperform” rating on shares of VMware in a research note on Friday, August 24th. Finally, Nomura boosted their price objective on VMware from $111.00 to $115.00 and gave the company a “reduce” rating in a research note on Friday, August 24th.

In related news, COO Rajiv Ramaswami sold 6,000 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $160.00, for a total transaction of $960,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $150.00, for a total value of $3,750,000.00. Following the transaction, the chief executive officer now owns 407,743 shares of the company’s stock, valued at $61,161,450. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,608 shares of company stock valued at $11,852,164. 29.90% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of VMW. BlackRock Inc. boosted its holdings in shares of VMware by 44.5% in the 3rd quarter. BlackRock Inc. now owns 5,501,102 shares of the virtualization software provider’s stock worth $858,503,000 after purchasing an additional 1,693,475 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of VMware by 40.0% in the 2nd quarter. Renaissance Technologies LLC now owns 5,289,800 shares of the virtualization software provider’s stock worth $777,442,000 after purchasing an additional 1,512,500 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of VMware by 489.4% in the 2nd quarter. Voya Investment Management LLC now owns 988,295 shares of the virtualization software provider’s stock worth $145,250,000 after purchasing an additional 820,619 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in shares of VMware in the 2nd quarter worth about $116,658,000. Finally, American Century Companies Inc. boosted its holdings in shares of VMware by 19,743.7% in the 3rd quarter. American Century Companies Inc. now owns 412,749 shares of the virtualization software provider’s stock worth $64,414,000 after purchasing an additional 410,669 shares in the last quarter. Hedge funds and other institutional investors own 19.58% of the company’s stock.

NYSE:VMW opened at $150.82 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.01 and a current ratio of 3.01. VMware has a 52-week low of $108.46 and a 52-week high of $165.00. The firm has a market cap of $61.09 billion, a P/E ratio of 39.07, a P/E/G ratio of 2.39 and a beta of 0.72.

VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. VMware had a return on equity of 20.00% and a net margin of 18.77%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the company posted $1.19 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Research analysts forecast that VMware will post 4.72 earnings per share for the current year.

About VMware

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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Analyst Recommendations for VMware (NYSE:VMW)

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