RBC Capital Markets restated their outperform rating on shares of Vmware, Inc. (NYSE:VMW) in a report issued on Sunday morning. The firm currently has a $97.00 price objective on the virtualization software provider’s stock, up from their prior price objective of $90.00.
A number of other equities research analysts also recently weighed in on VMW. Drexel Hamilton reissued a buy rating and set a $90.00 target price on shares of Vmware in a research report on Thursday. Morgan Stanley lifted their target price on Vmware from $98.00 to $100.00 and gave the stock an overweight rating in a research report on Friday. Mizuho lifted their target price on Vmware from $73.00 to $84.00 and gave the stock a neutral rating in a research report on Friday. Barclays PLC lifted their target price on Vmware from $88.00 to $95.00 and gave the stock an equal weight rating in a research report on Friday. Finally, Jefferies Group LLC lifted their price objective on Vmware to $105.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have given a buy rating to the stock. Vmware currently has a consensus rating of Hold and a consensus price target of $84.43.
Shares of Vmware (NYSE:VMW) traded up 3.49% during mid-day trading on Friday, hitting $87.16. The stock had a trading volume of 5,697,066 shares. The stock has a market cap of $35.59 billion, a price-to-earnings ratio of 31.35 and a beta of 0.99. The firm has a 50 day moving average of $81.44 and a 200 day moving average of $75.71. Vmware has a one year low of $43.25 and a one year high of $89.50.
Vmware (NYSE:VMW) last posted its quarterly earnings data on Thursday, January 26th. The virtualization software provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.99 billion. Vmware had a return on equity of 16.31% and a net margin of 16.72%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. On average, analysts forecast that Vmware will post $4.86 earnings per share for the current year.
In other Vmware news, EVP Maurizio Carli sold 12,650 shares of the stock in a transaction dated Thursday, December 8th. The shares were 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 available through this link. 0.52% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd bought a new position in Vmware during the third quarter valued at $79,048,000. Robeco Institutional Asset Management B.V. bought a new position in Vmware during the third quarter valued at $7,017,000. BlackRock Group LTD boosted its position in Vmware by 0.7% in the third quarter. BlackRock Group LTD now owns 570,293 shares of the virtualization software provider’s stock valued at $41,832,000 after buying an additional 4,101 shares in the last quarter. Gillespie Robinson & Grimm Inc. boosted its position in Vmware by 1.8% in the third quarter. Gillespie Robinson & Grimm Inc. now owns 255,529 shares of the virtualization software provider’s stock valued at $18,692,000 after buying an additional 4,530 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Vmware by 214.3% in the third quarter. Acadian Asset Management LLC now owns 27,846 shares of the virtualization software provider’s stock valued at $2,042,000 after buying an additional 18,987 shares in the last quarter. 21.11% of the stock is currently owned by hedge funds and other 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).