Vmware, Inc. (NYSE:VMW) had its price objective reduced by BMO Capital Markets from $105.00 to $98.00 in a research note released on Friday, June 2nd, MarketBeat.com reports. They currently have a market perform rating on the virtualization software provider’s stock.

A number of other research firms also recently commented on VMW. MKM Partners reiterated a buy rating and set a $110.00 target price (up from $100.00) on shares of Vmware in a research report on Thursday, June 1st. Zacks Investment Research upgraded Vmware from a hold rating to a buy rating and set a $103.00 target price on the stock in a research report on Monday, April 3rd. Deutsche Bank AG boosted their target price on Vmware from $85.00 to $90.00 and gave the stock a hold rating in a research report on Tuesday, April 11th. Royal Bank of Canada reiterated a buy rating and set a $97.00 target price on shares of Vmware in a research report on Wednesday, April 5th. Finally, Drexel Hamilton restated a buy rating and issued a $105.00 price objective on shares of Vmware in a research report on Thursday, April 6th. Twenty analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $94.21.

Shares of Vmware (NYSE:VMW) opened at 88.10 on Friday. The stock’s 50 day moving average is $93.11 and its 200 day moving average is $88.57. Vmware has a 52-week low of $55.12 and a 52-week high of $98.00. The company has a market cap of $35.98 billion, a PE ratio of 31.71 and a beta of 0.71.

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

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

A number of institutional investors have recently bought and sold shares of VMW. State Board of Administration of Florida Retirement System raised its position in Vmware by 2.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 120,388 shares of the virtualization software provider’s stock worth $9,478,000 after buying an additional 2,448 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Vmware during the fourth quarter worth approximately $253,000. Aberdeen Asset Management PLC UK acquired a new position in Vmware during the fourth quarter worth approximately $281,000. Rubric Capital Management LP acquired a new position in Vmware during the fourth quarter worth approximately $5,905,000. Finally, Russell Investments Group Ltd. acquired a new position in Vmware during the fourth quarter worth approximately $27,612,000. Institutional investors own 21.82% of the company’s stock.

Vmware Company Profile

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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