Vmware, Inc. (NYSE:VMW) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday, June 10th.

A number of other analysts have also recently weighed in on VMW. Jefferies Group LLC reissued a “buy” rating and set a $105.00 price objective on shares of Vmware in a report on Friday, March 17th. Zacks Investment Research raised shares of Vmware from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Monday, April 3rd. Berenberg Bank initiated coverage on shares of Vmware in a report on Tuesday, April 4th. They issued a “hold” rating and a $94.00 target price on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $98.00 target price on shares of Vmware in a report on Wednesday, April 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $97.00 price objective on shares of Vmware in a research report on Wednesday, April 5th. Twenty research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $94.21.

Analyst Recommendations for Vmware (NYSE:VMW)

Shares of Vmware (NYSE VMW) traded up 0.42% on Friday, reaching $88.10. 2,368,409 shares of the company traded hands. The firm has a market capitalization of $35.98 billion, a P/E ratio of 31.71 and a beta of 0.71. The stock has a 50-day moving average price of $93.11 and a 200 day moving average price of $88.57. Vmware has a 1-year low of $55.12 and a 1-year high of $98.00.

Vmware (NYSE:VMW) last released its quarterly earnings data on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Vmware had a net margin of 17.36% and a return on equity of 17.19%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts anticipate that Vmware will post $4.92 EPS for the current fiscal year.

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In other Vmware news, Director Egon Durban sold 666,354 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $89.14, for a total value of $59,398,795.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Maurizio Carli sold 11,237 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $94.66, for a total value of $1,063,694.42. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Mackenzie Financial Corp raised its stake in shares of Vmware by 0.6% in the third quarter. Mackenzie Financial Corp now owns 13,968 shares of the virtualization software provider’s stock valued at $1,025,000 after buying an additional 85 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Vmware by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 24,556 shares of the virtualization software provider’s stock valued at $2,262,000 after buying an additional 115 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Vmware by 2.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,578 shares of the virtualization software provider’s stock valued at $514,000 after buying an additional 128 shares in the last quarter. CAPROCK Group Inc. raised its stake in shares of Vmware by 4.6% in the first quarter. CAPROCK Group Inc. now owns 3,094 shares of the virtualization software provider’s stock valued at $285,000 after buying an additional 135 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of Vmware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock valued at $169,000 after buying an additional 160 shares in the last quarter. 21.82% of the stock is currently owned by hedge funds and other institutional investors.

About Vmware

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).

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