Analysts Set VMware, Inc. (NYSE:VMW) PT at $171.39


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VMware, Inc. (NYSE:VMW) has been assigned a consensus recommendation of “Hold” from the twenty-three research firms that are covering the stock, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $171.39.

A number of equities analysts have weighed in on the stock. William Blair cut shares of VMware from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 13th. Bank of America reissued a “neutral” rating and issued a $175.00 price objective on shares of VMware in a research report on Wednesday, April 14th. UBS Group decreased their price objective on shares of VMware from $152.00 to $145.00 and set a “neutral” rating for the company in a research report on Thursday, January 14th. Northland Securities reissued a “market perform” rating and issued a $169.00 price objective on shares of VMware in a research report on Wednesday, April 21st. Finally, BMO Capital Markets cut shares of VMware from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $157.00 to $148.00 in a research report on Wednesday, January 13th.

In related news, COO Rangarajan (Raghu) Raghuram sold 30,777 shares of the stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $153.19, for a total transaction of $4,714,728.63. Following the sale, the chief operating officer now owns 220,430 shares in the company, valued at $33,767,671.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Zane Rowe sold 22,000 shares of the stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $151.61, for a total transaction of $3,335,420.00. Following the sale, the chief executive officer now owns 141,901 shares in the company, valued at approximately $21,513,610.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,559 shares of company stock worth $22,334,165. 28.50% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Silver Lake Advisory LLC acquired a new stake in shares of VMware in the fourth quarter valued at approximately $2,105,000. RWM Asset Management LLC acquired a new stake in shares of VMware in the fourth quarter valued at approximately $33,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of VMware in the fourth quarter valued at approximately $33,000. Bartlett & Co. LLC increased its stake in shares of VMware by 525.0% in the fourth quarter. Bartlett & Co. LLC now owns 250 shares of the virtualization software provider’s stock valued at $35,000 after purchasing an additional 210 shares during the period. Finally, Perigon Wealth Management LLC acquired a new stake in shares of VMware in the fourth quarter valued at approximately $39,000. Institutional investors own 16.90% of the company’s stock.

NYSE VMW traded up $0.18 during trading hours on Thursday, hitting $160.78. The company had a trading volume of 68,902 shares, compared to its average volume of 1,387,716. VMware has a fifty-two week low of $122.77 and a fifty-two week high of $172.00. The company has a market capitalization of $67.40 billion, a price-to-earnings ratio of 42.53, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s 50 day moving average is $155.42 and its 200 day moving average is $143.06.

VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, February 25th. The virtualization software provider reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.78. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.23 billion. VMware had a return on equity of 27.10% and a net margin of 13.75%. On average, equities analysts anticipate that VMware will post 4.72 EPS for the current year.

About VMware

VMware, Inc provides software in the areas of hybrid and multi-cloud, modern applications, 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 and utilizes its hypervisor software, a layer of software that resides between the operating system and system hardware to enable compute virtualization; vSAN and VxRail, which offers holistic data storage and protection options to all 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 hybrid 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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Analyst Recommendations for VMware (NYSE:VMW)

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