VMware, Inc. (NYSE:VMW) Receives Average Recommendation of “Hold” from Brokerages

VMware, Inc. (NYSE:VMWGet Rating) has been given a consensus recommendation of “Moderate Buy” by the twenty-two ratings firms that are currently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $138.42.

Several brokerages have recently weighed in on VMW. Mizuho cut their price objective on VMware from $138.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, November 15th. StockNews.com lowered VMware from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, UBS Group cut their price objective on VMware to $131.00 in a report on Wednesday, November 16th.

VMware Trading Up 0.8 %

Shares of VMW stock opened at $119.35 on Friday. The company has a debt-to-equity ratio of 79.86, a quick ratio of 0.76 and a current ratio of 0.76. VMware has a 1 year low of $91.53 and a 1 year high of $136.85. The stock has a fifty day moving average of $111.22 and a two-hundred day moving average of $114.46. The firm has a market capitalization of $50.49 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 1.60 and a beta of 0.68.

VMware (NYSE:VMWGet Rating) last announced its quarterly earnings data on Thursday, August 25th. The virtualization software provider reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.07). The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.30 billion. VMware had a net margin of 10.68% and a negative return on equity of 430.43%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 EPS. As a group, research analysts expect that VMware will post 4.34 EPS for the current year.

Insider Transactions at VMware

In related news, EVP Jean Pierre Brulard sold 359 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $111.05, for a total transaction of $39,866.95. Following the transaction, the executive vice president now directly owns 82,777 shares of the company’s stock, valued at $9,192,385.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 40.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Heritage Wealth Management LLC acquired a new position in VMware during the second quarter valued at $25,000. Chilton Capital Management LLC acquired a new position in VMware during the second quarter valued at $26,000. Zions Bancorporation N.A. raised its position in VMware by 140.2% during the first quarter. Zions Bancorporation N.A. now owns 233 shares of the virtualization software provider’s stock valued at $27,000 after buying an additional 136 shares during the period. Centerpoint Advisors LLC raised its position in VMware by 310.9% during the second quarter. Centerpoint Advisors LLC now owns 263 shares of the virtualization software provider’s stock valued at $30,000 after buying an additional 199 shares during the period. Finally, Lindbrook Capital LLC raised its position in VMware by 75.8% during the second quarter. Lindbrook Capital LLC now owns 262 shares of the virtualization software provider’s stock valued at $30,000 after buying an additional 113 shares during the period. 47.04% of the stock is owned by institutional investors and hedge funds.

About VMware

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VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds.

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