Equities researchers at Evercore ISI began coverage on shares of VMware (NYSE:VMW) in a note issued to investors on Monday, February 4th, MarketBeat Ratings reports. The brokerage set an “in-line” rating and a $160.00 price target on the virtualization software provider’s stock. Evercore ISI’s target price would suggest a potential downside of 10.21% from the company’s current price.
Several other analysts also recently weighed in on VMW. Zacks Investment Research downgraded shares of VMware from a “buy” rating to a “sell” rating in a research note on Wednesday, January 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a $145.00 price target (up previously from $142.00) on shares of VMware in a research note on Friday, November 30th. Wedbush reissued an “outperform” rating and set a $200.00 price objective on shares of VMware in a report on Friday, November 30th. Maxim Group reissued a “hold” rating and set a $155.00 price objective (up from $150.00) on shares of VMware in a report on Friday, November 30th. Finally, Royal Bank of Canada lifted their price objective on shares of VMware from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, November 30th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. VMware currently has a consensus rating of “Hold” and an average price target of $177.04.
NYSE VMW traded up $6.39 during trading on Monday, hitting $178.20. The stock had a trading volume of 2,909,421 shares, compared to its average volume of 1,163,051. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.04 and a quick ratio of 3.04. VMware has a one year low of $113.30 and a one year high of $183.40. The company has a market cap of $71.07 billion, a P/E ratio of 36.15, a PEG ratio of 2.57 and a beta of 0.73.
VMware (NYSE:VMW) last posted its quarterly earnings results on Thursday, February 28th. The virtualization software provider reported $1.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.10. VMware had a net margin of 17.03% and a return on equity of 19.62%. During the same quarter in the prior year, the firm earned $1.68 earnings per share. As a group, equities research analysts expect that VMware will post 5.04 EPS for the current year.
In other news, CFO Zane Rowe sold 6,500 shares of VMware stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $165.08, for a total transaction of $1,073,020.00. Following the completion of the sale, the chief financial officer now directly owns 89,276 shares in the company, valued at $14,737,682.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurizio Carli sold 36,848 shares of VMware stock in a transaction on Friday, January 11th. The stock was sold at an average price of $146.79, for a total transaction of $5,408,917.92. The disclosure for this sale can be found here. Insiders sold 124,578 shares of company stock worth $18,885,326 over the last ninety days. Corporate insiders own 29.90% of the company’s stock.
Several large investors have recently bought and sold shares of VMW. Captrust Financial Advisors lifted its position in VMware by 217.6% during the fourth quarter. Captrust Financial Advisors now owns 216 shares of the virtualization software provider’s stock valued at $30,000 after purchasing an additional 148 shares during the period. Parkside Financial Bank & Trust acquired a new position in VMware during the fourth quarter valued at $35,000. Rational Advisors LLC lifted its position in VMware by 10,166.7% during the fourth quarter. Rational Advisors LLC now owns 308 shares of the virtualization software provider’s stock valued at $42,000 after purchasing an additional 305 shares during the period. Taylor Frigon Capital Management LLC acquired a new position in VMware during the fourth quarter valued at $45,000. Finally, NuWave Investment Management LLC lifted its position in VMware by 11,400.0% during the fourth quarter. NuWave Investment Management LLC now owns 345 shares of the virtualization software provider’s stock valued at $47,000 after purchasing an additional 342 shares during the period. Institutional investors and hedge funds own 18.05% of the company’s stock.
VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.
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