VMware, Inc. (VMW) Now Covered by Analysts at Berenberg Bank

Investment analysts at Berenberg Bank initiated coverage on shares of VMware, Inc. (NYSE:VMW) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating and a $94.00 price target on the virtualization software provider’s stock. Berenberg Bank’s target price would suggest a potential upside of 2.39% from the company’s current price.

A number of other brokerages have also weighed in on VMW. Instinet increased their price objective on VMware from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, January 27th. OTR Global raised VMware from a “reduce” rating to a “neutral” rating in a report on Thursday, January 12th. Morgan Stanley increased their price objective on VMware from $98.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 27th. William Blair reissued an “outperform” rating on shares of VMware in a report on Tuesday, January 17th. Finally, Pacific Crest reissued an “equal weight” rating on shares of VMware in a report on Monday, January 30th. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $86.39.

Analyst Recommendations for VMware (NYSE:VMW)

Shares of VMware (NYSE:VMW) traded up 0.11% during trading on Tuesday, hitting $91.91. The stock had a trading volume of 404,100 shares. VMware has a 12 month low of $51.23 and a 12 month high of $93.05. The stock has a 50-day moving average price of $91.15 and a 200 day moving average price of $83.56. The company has a market cap of $37.56 billion, a P/E ratio of 33.08 and a beta of 0.97.

VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, January 26th. The virtualization software provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.99 billion. VMware had a return on equity of 16.31% and a net margin of 16.72%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 earnings per share. Equities analysts expect that VMware will post $4.91 EPS for the current fiscal year.

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In other VMware news, COO Sanjay Poonen sold 1,889 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $89.04, for a total transaction of $168,196.56. Following the completion of the sale, the chief operating officer now owns 182,569 shares of the company’s stock, valued at $16,255,943.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in VMware by 34.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,887 shares of the virtualization software provider’s stock valued at $149,000 after buying an additional 483 shares during the period. Envestnet Asset Management Inc. boosted its stake in VMware by 7.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,452 shares of the virtualization software provider’s stock valued at $193,000 after buying an additional 168 shares during the period. Orinda Asset Management LLC acquired a new stake in VMware during the third quarter valued at about $197,000. VNBTrust National Association acquired a new stake in VMware during the first quarter valued at about $203,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in VMware during the fourth quarter valued at about $253,000. 21.88% of the stock is 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).

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