William Blair reaffirmed their outperform rating on shares of VMware Inc. (NYSE:VMW) in a research note issued to investors on Tuesday morning.
Other research analysts also recently issued research reports about the company. Drexel Hamilton restated a buy rating and set a $90.00 price target (up previously from $85.00) on shares of VMware in a research note on Thursday, October 27th. Jefferies Group raised their price target on VMware from $89.00 to $91.00 and gave the stock a buy rating in a research note on Thursday, October 27th. Citigroup Inc. upgraded VMware from a neutral rating to a buy rating and raised their price target for the stock from $79.00 to $95.00 in a research note on Thursday, October 27th. Morgan Stanley restated a buy rating and set a $86.00 price target on shares of VMware in a research note on Monday, September 26th. Finally, Vetr downgraded VMware from a strong-buy rating to a buy rating and set a $88.00 price target on the stock. in a research note on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $78.22.
VMware (NYSE:VMW) opened at 82.69 on Tuesday. VMware has a 52 week low of $43.25 and a 52 week high of $83.47. The firm has a market capitalization of $34.03 billion, a P/E ratio of 31.43 and a beta of 0.99. The stock’s 50 day moving average price is $80.64 and its 200 day moving average price is $74.70.
VMware (NYSE:VMW) last released its quarterly earnings data on Wednesday, October 26th. The virtualization software provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $296.82 million. During the same quarter in the prior year, the business posted $1.02 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts expect that VMware will post $4.36 EPS for the current year.
In related news, EVP Maurizio Carli sold 12,650 shares of the business’s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $81.14, for a total value of $1,026,421.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in VMware by 10.5% in the second quarter. Pacer Advisors Inc. now owns 1,773 shares of the virtualization software provider’s stock valued at $101,000 after buying an additional 168 shares during the period. Advisor Group Inc. acquired a new position in VMware during the second quarter valued at approximately $163,000. Orinda Asset Management LLC acquired a new position in VMware during the third quarter valued at approximately $197,000. WMS Partners LLC acquired a new position in VMware during the second quarter valued at approximately $206,000. Finally, Capstone Asset Management Co. acquired a new position in VMware during the second quarter valued at approximately $211,000. Institutional investors and hedge funds own 21.21% of the company’s stock.
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).