Edward Jones Downgrades VMware (VMW) to Hold

VMware (NYSE:VMW) was downgraded by equities researchers at Edward Jones from a “buy” rating to a “hold” rating in a report released on Thursday.

VMW has been the subject of a number of other research reports. Zacks Investment Research upgraded VMware from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a research report on Wednesday, October 25th. Barclays increased their price target on VMware from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, November 6th. Deutsche Bank increased their price objective on VMware from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Mizuho reissued a “hold” rating and issued a $110.00 price objective on shares of VMware in a research note on Friday, November 17th. Finally, Citigroup downgraded VMware from a “buy” rating to a “neutral” rating and set a $124.00 price objective for the company. in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $130.00.

VMware (NYSE VMW) traded down $0.24 during trading hours on Thursday, hitting $124.18. The company had a trading volume of 259,351 shares, compared to its average volume of 3,661,446. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.86 and a quick ratio of 2.86. VMware has a fifty-two week low of $85.45 and a fifty-two week high of $165.00. The firm has a market cap of $48,408.81, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 2.49 and a beta of 0.81.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.07. VMware had a return on equity of 18.57% and a net margin of 18.97%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the company posted $1.14 EPS. VMware’s revenue for the quarter was up 11.1% on a year-over-year basis. analysts anticipate that VMware will post 3.77 EPS for the current year.

In other news, COO Sanjay Poonen sold 2,764 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 189,391 shares of the company’s stock, valued at approximately $22,442,833.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $120.40, for a total value of $2,815,072.40. The disclosure for this sale can be found here. Insiders have sold a total of 38,726 shares of company stock valued at $4,774,927 over the last ninety days. Company insiders own 34.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of VMW. Dimensional Fund Advisors LP increased its holdings in shares of VMware by 0.9% during 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 acquiring an additional 796 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of VMware by 44.9% during the 2nd quarter. Macquarie Group Ltd. now owns 10,000 shares of the virtualization software provider’s stock valued at $874,000 after acquiring an additional 3,100 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in shares of VMware by 39.0% during 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 acquiring an additional 6,419 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of VMware by 7.3% during 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 acquiring an additional 901 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of VMware by 18.6% during 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 acquiring an additional 1,036 shares during the last quarter. 21.86% of the stock is currently owned by institutional investors and hedge funds.

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VMware Company Profile

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).

Analyst Recommendations for VMware (NYSE:VMW)

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