VMware, Inc. (NYSE:VMW) Receives Average Rating of “Buy” from Analysts

VMware, Inc. (NYSE:VMWGet Rating) has been given an average recommendation of “Buy” by the twenty-three research firms that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $142.57.

A number of equities analysts recently issued reports on VMW shares. Raymond James decreased their target price on VMware from $175.00 to $167.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Cross Research decreased their target price on VMware from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, February 25th. Credit Suisse Group lowered their price target on VMware from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. KeyCorp started coverage on VMware in a report on Tuesday, January 18th. They set an “overweight” rating and a $164.00 price target on the stock. Finally, Stifel Nicolaus lowered their price target on VMware from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, February 25th.

In other VMware news, EVP Jean Pierre Brulard sold 7,656 shares of the company’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $114.04, for a total transaction of $873,090.24. Following the completion of the sale, the executive vice president now owns 79,485 shares of the company’s stock, valued at $9,064,469.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 34,172 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $114.61, for a total value of $3,916,452.92. Following the sale, the chief financial officer now directly owns 171,042 shares of the company’s stock, valued at approximately $19,603,123.62. The disclosure for this sale can be found here. 27.80% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Capital Fund Management S.A. bought a new stake in shares of VMware in the third quarter valued at approximately $6,052,000. Rheos Capital Works Inc. bought a new stake in shares of VMware in the fourth quarter valued at approximately $17,382,000. Jacobs & Co. CA bought a new stake in shares of VMware in the fourth quarter valued at approximately $1,496,000. Ameritas Advisory Services LLC bought a new stake in shares of VMware in the fourth quarter valued at approximately $728,000. Finally, Institute for Wealth Management LLC. bought a new stake in shares of VMware in the fourth quarter valued at approximately $1,007,000. 47.04% of the stock is owned by institutional investors.

Shares of VMW stock opened at $100.63 on Monday. VMware has a 1 year low of $99.10 and a 1 year high of $167.83. The firm has a market cap of $42.37 billion, a PE ratio of 23.35, a PEG ratio of 1.72 and a beta of 0.68. The firm’s fifty day moving average price is $112.76. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.90.

VMware (NYSE:VMWGet Rating) last issued its earnings results on Thursday, February 24th. The virtualization software provider reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.04). The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.52 billion. VMware had a return on equity of 30.03% and a net margin of 14.16%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 earnings per share. As a group, sell-side analysts predict that VMware will post 4.83 EPS for the current year.

About VMware (Get Rating)

VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds.

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