VMware, Inc. (VMW) Receives $156.27 Consensus Target Price from Brokerages

Shares of VMware, Inc. (NYSE:VMW) have earned an average recommendation of “Buy” from the thirty brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $156.27.

Several research analysts have recently issued reports on the company. Oppenheimer increased their target price on VMware from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 31st. Zacks Investment Research raised VMware from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Barclays reissued a “buy” rating and issued a $175.00 target price on shares of VMware in a research report on Sunday, August 26th. JPMorgan Chase & Co. increased their target price on VMware from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. Finally, Nomura increased their target price on VMware from $111.00 to $115.00 and gave the stock a “reduce” rating in a research report on Friday, August 24th.

In related news, VP Amy Fliegelman Olli sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $152.77, for a total value of $229,155.00. Following the sale, the vice president now owns 30,930 shares in the company, valued at approximately $4,725,176.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zane Rowe sold 7,100 shares of the company’s stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $156.44, for a total value of $1,110,724.00. Following the completion of the sale, the chief financial officer now owns 102,458 shares in the company, valued at approximately $16,028,529.52. The disclosure for this sale can be found here. Insiders sold a total of 135,002 shares of company stock worth $21,015,746 in the last 90 days. 29.90% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of VMW. SG Americas Securities LLC purchased a new stake in VMware during the 1st quarter valued at $708,000. Riverhead Capital Management LLC boosted its stake in VMware by 85.7% during the 1st quarter. Riverhead Capital Management LLC now owns 3,900 shares of the virtualization software provider’s stock valued at $473,000 after purchasing an additional 1,800 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in VMware by 70.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,812 shares of the virtualization software provider’s stock valued at $584,000 after purchasing an additional 1,989 shares during the last quarter. Northern Trust Corp boosted its stake in VMware by 1.1% during the 1st quarter. Northern Trust Corp now owns 575,753 shares of the virtualization software provider’s stock valued at $69,821,000 after purchasing an additional 6,436 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its stake in VMware by 86.7% during the 1st quarter. Glen Harbor Capital Management LLC now owns 4,928 shares of the virtualization software provider’s stock valued at $598,000 after purchasing an additional 2,288 shares during the last quarter. Institutional investors own 20.10% of the company’s stock.

VMW traded up $1.15 during midday trading on Friday, reaching $154.63. 11,363 shares of the company’s stock traded hands, compared to its average volume of 1,409,168. The firm has a market capitalization of $62.16 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 2.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.01 and a quick ratio of 3.01. VMware has a 52 week low of $107.12 and a 52 week high of $165.00.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. VMware had a return on equity of 20.00% and a net margin of 18.77%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the company posted $1.19 EPS. VMware’s quarterly revenue was up 12.5% compared to the same quarter last year. sell-side analysts expect that VMware will post 4.73 EPS for the current fiscal year.

About VMware

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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Analyst Recommendations for VMware (NYSE:VMW)

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