VMware (NYSE:VMW) Price Target Cut to $139.00 by Analysts at BMO Capital Markets

VMware (NYSE:VMW – Get Rating) had its price objective lowered by BMO Capital Markets from $142.50 to $139.00 in a research note published on Monday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the virtualization software provider’s stock.

A number of other analysts have also weighed in on the stock. UBS Group upped their target price on shares of VMware from $131.00 to $147.00 and gave the stock a neutral rating in a research note on Tuesday, February 7th. Mizuho decreased their target price on VMware from $138.00 to $135.00 and set a neutral rating for the company in a research report on Tuesday, November 15th. Finally, StockNews.com raised VMware from a buy rating to a strong-buy rating in a research report on Wednesday, February 15th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $135.88.

VMware Price Performance

Shares of NYSE VMW opened at $119.39 on Monday. The company has a debt-to-equity ratio of 12.02, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $50.79 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72. The stock’s 50-day moving average is $120.34 and its two-hundred day moving average is $116.81. VMware has a 1-year low of $91.53 and a 1-year high of $132.15.

Insider Transactions at VMware

In related news, EVP Jean Pierre Brulard sold 6,651 shares of the company’s stock in a transaction that occurred on Thursday, December 22nd. The stock was sold at an average price of $121.01, for a total value of $804,837.51. Following the sale, the executive vice president now owns 69,563 shares in the company, valued at approximately $8,417,818.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 40.30% of the company’s stock.

Institutional Trading of VMware

A number of large investors have recently made changes to their positions in VMW. Heritage Wealth Management LLC purchased a new position in shares of VMware during the second quarter valued at approximately $25,000. Chilton Capital Management LLC purchased a new position in shares of VMware during the 2nd quarter worth $26,000. Zions Bancorporation N.A. boosted 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 worth $27,000 after purchasing an additional 136 shares during the last quarter. Accurate Wealth Management LLC purchased a new stake in shares of VMware in the fourth quarter valued at $27,000. Finally, James Investment Research Inc. acquired a new position in VMware in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 45.85% of the company’s stock.

VMware Company Profile

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VMware, Inc engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.