VMware Inc. (NYSE:VMW) Receives Consensus Rating of “Hold” from Analysts
VMware Inc. (NYSE:VMW) has been assigned an average recommendation of “Hold” from the forty-four ratings firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, twenty-eight have given a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $76.68.
A number of research firms recently weighed in on VMW. Morgan Stanley reaffirmed a “buy” rating and issued a $86.00 price target on shares of VMware in a report on Monday, September 26th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $88.00 price target on shares of VMware in a report on Monday, September 12th. Zacks Investment Research cut VMware from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Barclays PLC began coverage on VMware in a report on Tuesday, September 13th. They issued an “equal weight” rating and a $82.00 price target for the company. Finally, Goldman Sachs Group Inc. cut VMware from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Wednesday, September 7th.
In other VMware news, insider P. Kevan Krysler sold 6,988 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $72.40, for a total value of $505,931.20. Following the sale, the insider now directly owns 78,654 shares in the company, valued at $5,694,549.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP S. Dawn Smith sold 632 shares of the firm’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $76.40, for a total value of $48,284.80. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its stake in VMware by 10.5% in the second quarter. Pacer Advisors Inc. now owns 1,773 shares of the virtualization software provider’s stock worth $101,000 after buying an additional 168 shares in the last quarter. BlueMountain Capital Management LLC acquired a new stake in VMware during the first quarter worth $106,000. Advisor Group Inc. acquired a new stake in VMware during the second quarter worth $163,000. Acrospire Investment Management LLC acquired a new stake in VMware during the first quarter worth $183,000. Finally, Amalgamated Bank acquired a new stake in VMware during the second quarter worth $252,000. Institutional investors own 22.06% of the company’s stock.
Shares of VMware (NYSE:VMW) traded up 0.03% during trading on Monday, reaching $73.37. The company’s stock had a trading volume of 632,487 shares. VMware has a one year low of $43.25 and a one year high of $82.35. The stock’s 50 day moving average is $73.22 and its 200 day moving average is $62.92. The firm has a market cap of $31.14 billion, a P/E ratio of 29.56 and a beta of 1.24.
VMware (NYSE:VMW) last issued its quarterly earnings data on Monday, July 18th. The virtualization software provider reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.02. The business earned $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. VMware had a return on equity of 15.66% and a net margin of 15.47%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. On average, equities analysts forecast that VMware will post $4.29 EPS for the current fiscal year.
VMware Company Profile
VMware, Inc is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC).
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