RBC Capital Markets reissued their outperform rating on shares of VMware Inc. (NYSE:VMW) in a report issued on Monday.

Several other analysts have also recently issued reports on the company. Pacific Crest reissued a sector perform rating on shares of VMware in a research note on Monday, September 5th. Maxim Group lifted their price objective on VMware from $68.00 to $73.00 and gave the company a hold rating in a research report on Tuesday, July 19th. Citigroup Inc. cut VMware from a buy rating to a neutral rating and cut their price objective for the company from $99.00 to $79.00 in a research report on Tuesday, July 26th. Jefferies Group reaffirmed a buy rating and set a $83.00 price objective on shares of VMware in a research report on Wednesday, July 6th. Finally, Morgan Stanley initiated coverage on VMware in a research report on Monday, July 25th. They set an overweight rating and a $86.00 price objective on the stock. One research analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $75.64.

Shares of VMware (NYSE:VMW) opened at 73.61 on Monday. The company’s 50 day moving average price is $73.44 and its 200-day moving average price is $64.73. VMware has a 12 month low of $43.25 and a 12 month high of $76.99. The stock has a market capitalization of $31.24 billion, a P/E ratio of 29.66 and a beta of 1.24.

In other news, insider P. Kevan Krysler sold 6,988 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 78,654 shares of the company’s stock, valued at $5,694,549.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP S. Dawn Smith sold 977 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $73.59, for a total transaction of $71,897.43. Following the transaction, the vice president now directly owns 54,653 shares in the company, valued at $4,021,914.27. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of VMware by 3.1% in the first quarter. State Street Corp now owns 1,663,142 shares of the virtualization software provider’s stock worth $86,996,000 after buying an additional 49,469 shares during the period. Aviva PLC raised its position in shares of VMware by 0.7% in the first quarter. Aviva PLC now owns 48,141 shares of the virtualization software provider’s stock worth $2,518,000 after buying an additional 349 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of VMware by 61.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 440,688 shares of the virtualization software provider’s stock worth $23,052,000 after buying an additional 167,687 shares during the period. BlackRock Group LTD raised its position in shares of VMware by 22.2% in the first quarter. BlackRock Group LTD now owns 876,795 shares of the virtualization software provider’s stock worth $45,865,000 after buying an additional 159,204 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of VMware by 48.1% in the second quarter. Teacher Retirement System of Texas now owns 23,378 shares of the virtualization software provider’s stock worth $1,338,000 after buying an additional 7,592 shares during the period. 22.02% of the stock is currently owned by institutional investors and hedge funds.

About VMware

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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