VMware (NYSE:VMW) had its price target cut by Jefferies Financial Group from $198.00 to $180.00 in a research note released on Tuesday morning, BenzingaRatingsTable reports. They currently have a buy rating on the virtualization software provider’s stock. Jefferies Financial Group also issued estimates for VMware’s Q3 2020 earnings at $0.97 EPS, Q4 2020 earnings at $1.73 EPS, FY2020 earnings at $4.80 EPS, Q1 2021 earnings at $1.07 EPS, Q2 2021 earnings at $1.27 EPS, Q3 2021 earnings at $1.26 EPS, Q4 2021 earnings at $1.96 EPS and FY2021 earnings at $5.56 EPS.
VMW has been the subject of several other research reports. Nomura set a $114.00 price target on shares of VMware and gave the company a sell rating in a report on Thursday, August 29th. Stifel Nicolaus reduced their price target on shares of VMware from $160.00 to $150.00 and set a hold rating for the company in a report on Friday, August 23rd. ValuEngine downgraded shares of VMware from a buy rating to a hold rating in a report on Friday, August 23rd. Cleveland Research reissued a hold rating on shares of VMware in a report on Tuesday, September 3rd. Finally, Oppenheimer reissued an outperform rating and set a $200.00 price target on shares of VMware in a report on Friday, September 6th. Two equities research 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 stock presently has an average rating of Hold and a consensus price target of $174.27.
Shares of VMW opened at $154.95 on Tuesday. VMware has a 1 year low of $128.69 and a 1 year high of $206.80. The company has a market cap of $61.05 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a fifty day moving average of $147.09 and a 200-day moving average of $171.34.
In related news, COO Rangarajan (Raghu) Raghuram sold 24,778 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $140.62, for a total value of $3,484,282.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO P. Kevan Krysler sold 1,589 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $145.00, for a total transaction of $230,405.00. The disclosure for this sale can be found here. Insiders sold 72,498 shares of company stock valued at $11,190,610 in the last ninety days. Corporate insiders own 28.80% of the company’s stock.
A number of hedge funds have recently bought and sold shares of VMW. Clarus Wealth Advisors acquired a new stake in VMware in the second quarter worth about $29,000. Coastal Capital Group Inc. bought a new stake in VMware in the second quarter worth about $29,000. TRUE Private Wealth Advisors bought a new stake in VMware in the second quarter worth about $31,000. Pacific Center for Financial Services raised its position in VMware by 94.3% in the second quarter. Pacific Center for Financial Services now owns 206 shares of the virtualization software provider’s stock worth $34,000 after acquiring an additional 100 shares in the last quarter. Finally, CSat Investment Advisory L.P. bought a new stake in VMware in the second quarter worth about $34,000. 17.52% of the stock is owned by institutional investors and hedge funds.
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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