VMware Inc. (NYSE:VMW) had its price target upped by stock analysts at Deutsche Bank AG from $65.00 to $70.00 in a report issued on Friday. The brokerage presently has a “hold” rating on the virtualization software provider’s stock. Deutsche Bank AG’s target price would indicate a potential downside of 4.15% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Jefferies Group reaffirmed a “buy” rating and issued a $84.00 target price (up previously from $83.00) on shares of VMware in a research note on Tuesday, July 19th. Vetr raised VMware from a “hold” rating to a “buy” rating and set a $63.40 target price on the stock in a research note on Monday, June 20th. Morgan Stanley reaffirmed a “buy” rating and issued a $86.00 target price on shares of VMware in a research note on Monday, September 26th. Robert W. Baird reaffirmed a “hold” rating on shares of VMware in a research note on Friday, September 9th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $88.00 target price on shares of VMware in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $75.64.

Analyst Recommendations for VMware (NYSE:VMW)

Shares of VMware (NYSE:VMW) traded up 0.03% during midday trading on Friday, hitting $73.05. The stock had a trading volume of 869,610 shares. The stock has a 50-day moving average price of $73.52 and a 200-day moving average price of $64.25. The stock has a market cap of $31.00 billion, a P/E ratio of 29.43 and a beta of 1.24. VMware has a 12-month low of $43.25 and a 12-month high of $79.80.

VMware (NYSE:VMW) last announced its quarterly earnings results on Monday, July 18th. The virtualization software provider reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.02. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. VMware had a return on equity of 15.66% and a net margin of 15.47%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 EPS. Equities analysts forecast that VMware will post $4.29 earnings per share for the current year.

In other VMware news, VP S. Dawn Smith sold 977 shares of VMware stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $73.59, for a total transaction of $71,897.43. Following the completion of the sale, the vice president now owns 54,653 shares of the company’s stock, valued at approximately $4,021,914.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider P. Kevan Krysler sold 6,988 shares of VMware stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $72.40, for a total transaction of $505,931.20. Following the sale, the insider now directly owns 78,654 shares of the company’s stock, valued at approximately $5,694,549.60. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Several large investors have recently modified their holdings of VMW. Pacer Advisors Inc. increased its position 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 position in VMware during the first quarter worth $106,000. Advisor Group Inc. acquired a new position in VMware during the second quarter worth $163,000. WMS Partners LLC acquired a new position in VMware during the second quarter worth $206,000. Finally, Capstone Asset Management Co. acquired a new position in VMware during the second quarter worth $211,000. 22.06% of the stock is owned by institutional investors.

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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