VMware Inc. (NYSE:VMW) has earned a consensus rating of “Hold” from the forty ratings firms that are presently covering the firm. One analyst has rated the stock with a sell recommendation, twenty-one have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $77.88.
VMW has been the topic of a number of research reports. Morgan Stanley restated a “buy” rating and issued a $86.00 price objective on shares of VMware in a research note on Monday, September 26th. Zacks Investment Research upgraded VMware from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Tuesday, November 1st. OTR Global upgraded VMware from a “reduce” rating to a “neutral” rating in a research note on Thursday, January 12th. Pacific Crest reiterated an “equal weight” rating on shares of VMware in a research report on Monday, October 17th. Finally, William Blair reiterated an “outperform” rating on shares of VMware in a research report on Tuesday.
Shares of VMware (NYSE:VMW) opened at 82.78 on Thursday. The firm has a market capitalization of $34.07 billion, a P/E ratio of 31.46 and a beta of 0.99. The stock has a 50 day moving average of $80.60 and a 200-day moving average of $74.64. VMware has a 1-year low of $43.25 and a 1-year high of $83.12.
VMware (NYSE:VMW) last announced its quarterly earnings data on Wednesday, October 26th. The virtualization software provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.04. VMware had a return on equity of 16.00% and a net margin of 16.14%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $296.82 million. During the same period in the previous year, the business posted $1.02 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts expect that VMware will post $4.36 earnings per share for the current year.
In related news, EVP Maurizio Carli sold 12,650 shares of VMware stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $81.14, for a total transaction of $1,026,421.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.
A number of hedge funds have recently modified their holdings of VMW. Dodge & Cox increased its stake in shares of VMware by 29.7% in the second quarter. Dodge & Cox now owns 11,890,635 shares of the virtualization software provider’s stock valued at $680,382,000 after buying an additional 2,726,144 shares during the period. Paulson & CO. Inc. acquired a new stake in shares of VMware during the second quarter valued at about $112,844,000. Orbis Allan Gray Ltd acquired a new stake in shares of VMware during the third quarter valued at about $79,048,000. Point72 Asset Management L.P. acquired a new stake in shares of VMware during the second quarter valued at about $51,017,000. Finally, Sirios Capital Management L P acquired a new stake in shares of VMware during the second quarter valued at about $37,115,000. 21.21% of the stock is currently owned by institutional investors.
VMware, Inc is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC).