VMware (NYSE:VMW) Stock Rating Lowered by StockNews.com

VMware (NYSE:VMWGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

VMW has been the subject of a number of other research reports. The Goldman Sachs Group dropped their target price on shares of VMware from $136.00 to $119.00 and set a “neutral” rating for the company in a report on Friday, February 25th. Raymond James dropped their price objective on shares of VMware from $175.00 to $167.00 and set an “outperform” rating for the company in a research note on Friday, February 25th. Piper Sandler cut shares of VMware from an “overweight” rating to a “neutral” rating and set a $142.50 target price on the stock. in a research note on Thursday. Credit Suisse Group lowered their price target on shares of VMware from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 25th. Finally, Barclays cut their price objective on VMware from $140.00 to $135.00 in a report on Friday, February 25th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $139.57.

NYSE VMW traded up $4.90 on Friday, hitting $129.26. 5,410,641 shares of the company’s stock were exchanged, compared to its average volume of 1,979,925. The stock has a 50-day moving average of $110.30 and a 200-day moving average of $116.75. The stock has a market cap of $54.43 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 1.56 and a beta of 0.68. VMware has a 52 week low of $91.53 and a 52 week high of $167.83. 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 posted its quarterly earnings results on Thursday, May 26th. The virtualization software provider reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.28). VMware had a return on equity of 30.03% and a net margin of 14.16%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the firm posted $1.24 EPS. VMware’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts predict that VMware will post 4.83 earnings per share for the current year.

In related news, EVP Jean Pierre Brulard sold 7,656 shares of the business’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $114.04, for a total transaction of $873,090.24. Following the transaction, the executive vice president now owns 79,485 shares in the company, valued at approximately $9,064,469.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Amy Fliegelman Olli sold 18,338 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $125.00, for a total transaction of $2,292,250.00. Following the completion of the sale, the executive vice president now owns 77,034 shares of the company’s stock, valued at $9,629,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,166 shares of company stock valued at $7,081,793. Corporate insiders own 27.80% of the company’s stock.

Large investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC acquired a new stake in VMware in the 4th quarter valued at $25,000. SOA Wealth Advisors LLC. bought a new position in shares of VMware in the fourth quarter valued at $26,000. Zions Bancorporation N.A. grew its holdings in shares of VMware by 140.2% during the first quarter. Zions Bancorporation N.A. now owns 233 shares of the virtualization software provider’s stock valued at $27,000 after buying an additional 136 shares during the last quarter. Hudock Inc. increased its position in shares of VMware by 158.1% during the fourth quarter. Hudock Inc. now owns 271 shares of the virtualization software provider’s stock worth $31,000 after acquiring an additional 166 shares in the last quarter. Finally, Tompkins Financial Corp acquired a new stake in shares of VMware in the 4th quarter worth about $31,000. 47.04% of the stock is currently owned by institutional investors.

VMware Company Profile (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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Analyst Recommendations for VMware (NYSE:VMW)

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