Vmware, Inc. (NYSE:VMW) had its price target upped by Barclays PLC from $130.00 to $140.00 in a report published on Monday. The firm currently has an overweight rating on the virtualization software provider’s stock.

Several other equities research analysts have also recently commented on VMW. Zacks Investment Research raised Vmware from a hold rating to a buy rating and set a $121.00 target price for the company in a research note on Monday, September 4th. Citigroup Inc. reiterated a buy rating and set a $124.00 target price on shares of Vmware in a report on Monday, August 28th. Berenberg Bank reiterated a hold rating and set a $94.00 target price on shares of Vmware in a report on Tuesday, August 29th. Jefferies Group LLC lifted their target price on Vmware from $121.00 to $129.00 and gave the stock a buy rating in a report on Friday, August 25th. Finally, Credit Suisse Group began coverage on Vmware in a report on Tuesday, September 5th. They set an outperform rating and a $130.00 target price on the stock. Fifteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Vmware presently has a consensus rating of Buy and an average target price of $115.35.

Shares of Vmware (NYSE:VMW) traded up $1.22 during trading hours on Monday, reaching $120.43. The company had a trading volume of 1,530,541 shares, compared to its average volume of 1,740,000. Vmware has a 1 year low of $74.85 and a 1 year high of $121.09. The company has a market cap of $49,280.00, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.98 and a current ratio of 1.98.

Vmware (NYSE:VMW) last announced its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company earned $0.97 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. research analysts predict that Vmware will post 3.79 EPS for the current fiscal year.

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Vmware declared that its Board of Directors has authorized a share buyback plan on Monday, August 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the virtualization software provider to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

In other Vmware news, insider P. Kevan Krysler sold 13,751 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $107.69, for a total transaction of $1,480,845.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Rajiv Ramaswami sold 9,747 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $118.16, for a total transaction of $1,151,705.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 466,314 shares of company stock valued at $51,024,652. 0.52% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Investec Asset Management LTD increased its position in Vmware by 3.0% during the 2nd quarter. Investec Asset Management LTD now owns 2,669,142 shares of the virtualization software provider’s stock valued at $233,363,000 after purchasing an additional 78,558 shares during the period. Voya Investment Management LLC grew its position in shares of Vmware by 25.7% in the 2nd quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock worth $230,241,000 after buying an additional 538,393 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Vmware by 8.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,319,421 shares of the virtualization software provider’s stock worth $202,786,000 after buying an additional 184,648 shares during the last quarter. APG Asset Management N.V. grew its position in shares of Vmware by 302.3% in the 3rd quarter. APG Asset Management N.V. now owns 2,044,921 shares of the virtualization software provider’s stock worth $223,285,000 after buying an additional 1,536,600 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its position in shares of Vmware by 5.2% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,708,462 shares of the virtualization software provider’s stock worth $186,546,000 after buying an additional 84,571 shares during the last quarter. 22.27% of the stock is currently owned by 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).

Analyst Recommendations for Vmware (NYSE:VMW)

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