The VMware’s (VMW) “Outperform” Rating Reiterated at Oppenheimer Holdings Inc.

The VMware’s (VMW) “Outperform” Rating Reiterated at Oppenheimer Holdings Inc.

A number of other equities research analysts also recently issued reports on VMW. Mizuho reissued a “neutral” rating and set a $90.00 price target (up previously from $84.00) on shares of VMware in a research report on Saturday. Stifel Nicolaus increased their price target on VMware from $88.00 to $96.00 and gave the stock a “hold” rating in a research report on Friday. Maxim Group reissued a “hold” rating and set a $96.00 price target on shares of VMware in a research report on Friday. Jefferies Group LLC reissued a “buy” rating and set a $110.00 price target (up previously from $105.00) on shares of VMware in a research report on Saturday. Finally, MKM Partners reissued a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of VMware in a research report on Thursday. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $92.45.

VMware, Inc. (NYSE:VMW)‘s stock had its “outperform” rating reissued by analysts at Oppenheimer Holdings Inc. in a note issued to investors on Friday. They presently have a $110.00 target price on the virtualization software provider’s stock. Oppenheimer Holdings Inc.’s target price suggests a potential upside of 15.35% from the stock’s previous close.

VMware (NYSE:VMW) opened at 95.36 on Friday. The company’s 50 day moving average price is $93.99 and its 200 day moving average price is $87.92. The company has a market cap of $38.97 billion, a P/E ratio of 34.33 and a beta of 0.97. VMware has a 52-week low of $55.12 and a 52-week high of $98.00.

In other VMware news, Director Egon Durban sold 666,354 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $89.14, for a total transaction of $59,398,795.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.52% of the company’s stock. Several hedge funds have recently modified their holdings of VMW. Dodge & Cox purchased a new stake in shares of VMware during the fourth quarter valued at approximately $745,926,000. BlackRock Inc. increased its stake in shares of VMware by 4,817.7% in the first quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock valued at $469,811,000 after buying an additional 4,995,179 shares in the last quarter. Investec Asset Management LTD increased its stake in shares of VMware by 70.1% in the fourth quarter. Investec Asset Management LTD now owns 2,625,594 shares of the virtualization software provider’s stock valued at $206,713,000 after buying an additional 1,082,314 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in shares of VMware by 846.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,155,079 shares of the virtualization software provider’s stock valued at $106,428,000 after buying an additional 1,033,040 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of VMware by 163.9% in the first quarter. Wells Fargo & Company MN now owns 1,612,242 shares of the virtualization software provider’s stock valued at $148,552,000 after buying an additional 1,001,289 shares in the last quarter. Institutional investors own 21.88% of the company’s stock.

VMware Company Profile VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VMW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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