Zane Rowe Sells 20,000 Shares of VMware, Inc. (NYSE:VMW) Stock

VMware, Inc. (NYSE:VMW) CFO Zane Rowe sold 20,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $147.54, for a total value of $2,950,800.00. Following the sale, the chief financial officer now owns 138,565 shares in the company, valued at approximately $20,443,880.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zane Rowe also recently made the following trade(s):

  • On Thursday, June 13th, Zane Rowe sold 22,579 shares of VMware stock. The shares were sold at an average price of $175.21, for a total value of $3,956,066.59.

Shares of VMware stock traded down $0.72 during trading hours on Friday, hitting $147.18. The company’s stock had a trading volume of 104,549 shares, compared to its average volume of 2,143,629. VMware, Inc. has a 12 month low of $128.69 and a 12 month high of $206.80. The stock has a 50 day moving average of $156.49 and a 200 day moving average of $175.71. The company has a market capitalization of $59.51 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 2.27 and a beta of 0.89. The company has a debt-to-equity ratio of 7.57, a current ratio of 0.97 and a quick ratio of 0.97.

VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, August 22nd. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.45. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.43 billion. VMware had a return on equity of 51.08% and a net margin of 66.00%. VMware’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $1.54 earnings per share. Equities analysts expect that VMware, Inc. will post 4.86 EPS for the current year.

Several equities analysts have recently issued reports on VMW shares. Stifel Nicolaus cut their price target on VMware from $160.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, August 23rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of VMware in a research note on Wednesday, August 21st. Mizuho set a $145.00 price target on VMware and gave the company a “buy” rating in a research note on Friday, August 23rd. BMO Capital Markets cut their price target on VMware from $198.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 21st. Finally, TheStreet raised VMware from a “d+” rating to a “b-” rating in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $175.09.

Several large investors have recently bought and sold shares of the stock. Treasurer of the State of North Carolina grew its holdings in shares of VMware by 8.3% during the second 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 buying an additional 3,801 shares in the last quarter. BlackRock Inc. grew its holdings in shares of VMware by 7.7% during the second quarter. BlackRock Inc. now owns 4,444,800 shares of the virtualization software provider’s stock worth $743,215,000 after buying an additional 319,201 shares in the last quarter. Barings LLC grew its holdings in shares of VMware by 66.0% during the second quarter. Barings LLC now owns 4,830 shares of the virtualization software provider’s stock worth $808,000 after buying an additional 1,920 shares in the last quarter. Chartwell Investment Partners LLC grew its holdings in shares of VMware by 13.1% during the second quarter. Chartwell Investment Partners LLC now owns 20,613 shares of the virtualization software provider’s stock worth $3,447,000 after buying an additional 2,383 shares in the last quarter. Finally, Colony Group LLC grew its holdings in shares of VMware by 6.5% during the second quarter. Colony Group LLC now owns 3,753 shares of the virtualization software provider’s stock worth $628,000 after buying an additional 229 shares in the last quarter. Institutional investors and hedge funds own 17.70% of the company’s stock.

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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Insider Buying and Selling by Quarter for VMware (NYSE:VMW)

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