VMware Inc. (NYSE:VMW) has received a consensus recommendation of “Hold” from the thirty-nine ratings firms that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and nineteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $77.92.

Several analysts recently commented on the company. Vetr downgraded VMware from a “strong-buy” rating to a “buy” rating and set a $88.00 price objective on the stock. in a research note on Tuesday, November 1st. Summit Redstone raised VMware from a “hold” rating to a “buy” rating in a research note on Tuesday, November 1st. Zacks Investment Research raised VMware from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Tuesday, November 1st. Raymond James Financial Inc. raised VMware from a “market perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Thursday, November 3rd. They noted that the move was a valuation call. Finally, Bank of America Corp. downgraded VMware from a “buy” rating to a “neutral” rating in a research note on Friday, November 4th.

Shares of VMware (NYSE:VMW) opened at 76.44 on Monday. VMware has a 1-year low of $43.25 and a 1-year high of $79.15. The company has a market cap of $31.46 billion, a P/E ratio of 29.05 and a beta of 1.00. The stock’s 50 day moving average price is $74.70 and its 200 day moving average price is $67.65.

VMware (NYSE:VMW) last issued its quarterly earnings data on Wednesday, October 26th. The virtualization software provider reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.04. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $296.82 million. VMware had a return on equity of 16.00% and a net margin of 16.14%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 EPS. Equities research analysts forecast that VMware will post $4.36 earnings per share for the current year.

In other VMware news, VP S. Dawn Smith sold 977 shares of the business’s 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 sale, the vice president now owns 54,653 shares of the company’s stock, valued at $4,021,914.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in VMware by 0.8% in the third quarter. Principal Financial Group Inc. now owns 5,819 shares of the virtualization software provider’s stock worth $427,000 after buying an additional 47 shares during the last quarter. Utah Retirement Systems boosted its stake in VMware by 0.7% in the second quarter. Utah Retirement Systems now owns 14,748 shares of the virtualization software provider’s stock worth $844,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System boosted its stake in VMware by 2.2% in the third quarter. Arizona State Retirement System now owns 4,600 shares of the virtualization software provider’s stock worth $337,000 after buying an additional 100 shares during the last quarter. CIBC Asset Management Inc boosted its stake in VMware by 0.9% in the second quarter. CIBC Asset Management Inc now owns 16,050 shares of the virtualization software provider’s stock worth $918,000 after buying an additional 137 shares during the last quarter. Finally, 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 during the last quarter. 22.07% of the stock is currently owned by hedge funds and other 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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