VMware, Inc. (NYSE:VMW) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 19,945,750 shares, a decline of 15.5% from the January 12th total of 23,592,824 shares. Based on an average trading volume of 6,200,538 shares, the days-to-cover ratio is currently 3.2 days. Approximately 29.2% of the company’s stock are sold short.

VMware (NYSE:VMW) opened at $124.42 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.86 and a quick ratio of 2.86. The stock has a market cap of $50,160.00, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 2.42 and a beta of 0.81. VMware has a 12 month low of $85.45 and a 12 month high of $165.00.

VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.97 billion. VMware had a net margin of 18.97% and a return on equity of 18.57%. VMware’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. equities research analysts anticipate that VMware will post 3.77 earnings per share for the current fiscal year.

In related news, EVP Maurizio Carli sold 2,581 shares of VMware stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total value of $335,220.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Sanjay Poonen sold 2,764 shares of VMware stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $118.50, for a total transaction of $327,534.00. Following the completion of the transaction, the chief operating officer now owns 189,391 shares of the company’s stock, valued at approximately $22,442,833.50. The disclosure for this sale can be found here. Insiders sold 38,726 shares of company stock valued at $4,774,927 in the last quarter. 34.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in VMW. Dimensional Fund Advisors LP increased its stake in VMware by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 89,919 shares of the virtualization software provider’s stock valued at $7,862,000 after buying an additional 796 shares during the period. Macquarie Group Ltd. increased its stake in VMware by 44.9% in the 2nd quarter. Macquarie Group Ltd. now owns 10,000 shares of the virtualization software provider’s stock valued at $874,000 after buying an additional 3,100 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in VMware by 39.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 22,891 shares of the virtualization software provider’s stock valued at $2,001,000 after buying an additional 6,419 shares during the period. The Manufacturers Life Insurance Company increased its stake in VMware by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,253 shares of the virtualization software provider’s stock valued at $1,159,000 after buying an additional 901 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in VMware by 18.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,614 shares of the virtualization software provider’s stock valued at $578,000 after buying an additional 1,036 shares during the period. 21.86% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on the stock. Gabelli downgraded shares of VMware from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. They noted that the move was a valuation call. Deutsche Bank restated a “buy” rating and set a $145.00 price objective on shares of VMware in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of VMware from a “hold” rating to a “strong sell” rating in a research report on Friday, February 2nd. CIBC boosted their price objective on shares of VMware from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. Finally, Cowen restated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of VMware in a research report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. VMware has a consensus rating of “Buy” and a consensus target price of $130.00.

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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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