VMware (VMW) Hits New 52-Week High at $206.80

VMware, Inc. (NYSE:VMW)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $206.80 and last traded at $205.75, with a volume of 27007 shares changing hands. The stock had previously closed at $201.26.

Several research firms recently commented on VMW. Barclays upped their target price on shares of VMware from $200.00 to $224.00 and gave the company an “overweight” rating in a research note on Friday. Zacks Investment Research cut shares of VMware from a “buy” rating to a “hold” rating in a research note on Thursday. Deutsche Bank upped their target price on shares of VMware from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Oppenheimer upped their target price on shares of VMware from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, Wedbush upped their target price on shares of VMware from $190.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. VMware presently has an average rating of “Buy” and an average price target of $187.57.

The company has a market cap of $83.58 billion, a PE ratio of 41.31, a price-to-earnings-growth ratio of 3.09 and a beta of 0.81. The company has a debt-to-equity ratio of 7.70, a quick ratio of 0.99 and a current ratio of 0.99.

VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, February 28th. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. VMware had a net margin of 26.99% and a return on equity of 25.50%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the company posted $1.68 EPS. On average, equities research analysts forecast that VMware, Inc. will post 4.87 earnings per share for the current year.

In other news, VP Amy Fliegelman Olli sold 1,723 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $178.98, for a total value of $308,382.54. Following the sale, the vice president now owns 34,332 shares of the company’s stock, valued at approximately $6,144,741.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $203.89, for a total transaction of $4,077,800.00. Following the completion of the sale, the chief executive officer now directly owns 448,888 shares in the company, valued at approximately $91,523,774.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 315,896 shares of company stock worth $58,151,231. 29.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of VMW. Legal & General Group Plc grew its holdings in shares of VMware by 4.2% in the 3rd quarter. Legal & General Group Plc now owns 313,923 shares of the virtualization software provider’s stock worth $48,991,000 after purchasing an additional 12,693 shares during the last quarter. Vanguard Group Inc grew its holdings in VMware by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 4,387,621 shares of the virtualization software provider’s stock worth $684,732,000 after acquiring an additional 82,729 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in VMware by 2.6% during the 4th quarter. State of Alaska Department of Revenue now owns 10,268 shares of the virtualization software provider’s stock worth $1,407,000 after acquiring an additional 264 shares during the last quarter. DNB Asset Management AS bought a new stake in VMware during the 4th quarter worth about $2,383,000. Finally, Virtu Financial LLC bought a new stake in VMware during the 4th quarter worth about $335,000. 17.74% of the stock is currently owned by institutional investors and hedge funds.

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About VMware (NYSE:VMW)

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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