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.

A number of analysts have recently issued reports on the stock. ValuEngine downgraded shares of VMware from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Monness Crespi & Hardt reissued a “hold” rating on shares of VMware in a report on Friday, August 23rd. Royal Bank of Canada lowered their price objective on shares of VMware from $210.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Zacks Investment Research cut shares of VMware from a “hold” rating to a “sell” rating and set a $178.00 target price on the stock. in a report on Wednesday, June 5th. Finally, Wedbush set a $210.00 target price on shares of VMware and gave the stock a “buy” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $175.09.

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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