VMware, Inc. (NYSE:VMW) CAO P. Kevan Krysler Sells 1,589 Shares
VMware, Inc. (NYSE:VMW) CAO P. Kevan Krysler sold 1,589 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $145.00, for a total value of $230,405.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
VMware stock traded up $1.12 during trading on Wednesday, reaching $154.43. The company had a trading volume of 2,005,780 shares, compared to its average volume of 1,397,950. The firm has a market capitalization of $62.87 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 2.30 and a beta of 0.89. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 7.57. The firm’s 50-day simple moving average is $153.38 and its 200 day simple moving average is $175.16. VMware, Inc. has a 52 week low of $128.69 and a 52 week high of $206.80.
VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, August 22nd. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.45. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.43 billion. VMware had a return on equity of 51.08% and a net margin of 66.00%. VMware’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.54 earnings per share. On average, analysts predict that VMware, Inc. will post 4.86 earnings per share for the current year.
Several large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of VMware by 2.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 15,779,762 shares of the virtualization software provider’s stock valued at $2,638,534,000 after purchasing an additional 414,814 shares during the period. Vanguard Group Inc. increased its stake in VMware by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,780,170 shares of the virtualization software provider’s stock worth $799,292,000 after buying an additional 70,416 shares in the last quarter. BlackRock Inc. increased its stake in VMware by 7.7% in the 2nd quarter. BlackRock Inc. now owns 4,444,800 shares of the virtualization software provider’s stock worth $743,215,000 after buying an additional 319,201 shares in the last quarter. Clearbridge Investments LLC increased its stake in VMware by 3.2% in the 1st quarter. Clearbridge Investments LLC now owns 2,149,355 shares of the virtualization software provider’s stock worth $387,980,000 after buying an additional 67,177 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in VMware by 14.0% during the second quarter. AQR Capital Management LLC now owns 1,284,543 shares of the virtualization software provider’s stock valued at $214,789,000 after acquiring an additional 157,630 shares during the period. Institutional investors own 17.49% of the company’s stock.
VMware Company Profile
VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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