Vmware, Inc. (NYSE:VMW) COO Rajiv Ramaswami sold 20,457 shares of the business’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $87.84, for a total transaction of $1,796,942.88. Following the transaction, the chief operating officer now owns 313,721 shares of the company’s stock, valued at $27,557,252.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Vmware, Inc. (NYSE:VMW) traded down 0.02% during midday trading on Tuesday, reaching $93.40. 869,416 shares of the company’s stock were exchanged. The firm has a market capitalization of $38.15 billion, a P/E ratio of 33.62 and a beta of 0.77. The stock’s 50 day moving average is $90.15 and its 200 day moving average is $90.81. Vmware, Inc. has a 52 week low of $70.26 and a 52 week high of $98.00.

Vmware (NYSE:VMW) last announced its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Vmware had a net margin of 17.36% and a return on equity of 17.19%. Vmware’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 earnings per share. On average, analysts expect that Vmware, Inc. will post $4.93 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank purchased a new position in Vmware during the fourth quarter worth approximately $395,000. Dimensional Fund Advisors LP boosted its position in Vmware by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 88,248 shares of the virtualization software provider’s stock worth $6,948,000 after buying an additional 3,728 shares during the last quarter. FMR LLC boosted its position in Vmware by 215.5% in the fourth quarter. FMR LLC now owns 536,973 shares of the virtualization software provider’s stock worth $42,276,000 after buying an additional 366,750 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Vmware by 7.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,452 shares of the virtualization software provider’s stock worth $193,000 after buying an additional 168 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in Vmware by 202.3% in the fourth quarter. Guggenheim Capital LLC now owns 48,708 shares of the virtualization software provider’s stock worth $3,835,000 after buying an additional 32,597 shares during the last quarter. 21.86% of the stock is currently owned by institutional investors and hedge funds.

VMW has been the subject of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 price objective (up previously from $105.00) on shares of Vmware in a research report on Saturday, June 3rd. MKM Partners reiterated a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Vmware in a research report on Thursday, June 1st. Drexel Hamilton reiterated a “buy” rating and issued a $113.00 price objective (up previously from $105.00) on shares of Vmware in a research report on Monday, June 5th. BidaskClub downgraded shares of Vmware from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Stifel Nicolaus upgraded shares of Vmware from a “hold” rating to a “buy” rating and upped their price objective for the stock from $96.00 to $109.00 in a research report on Wednesday, June 21st. Seventeen investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $97.81.

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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