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.
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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