VMware, Inc. (NYSE:VMW) COO Sanjay Poonen sold 10,000 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total transaction of $1,297,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Sanjay Poonen also recently made the following trade(s):

  • On Friday, December 8th, Sanjay Poonen sold 2,764 shares of VMware stock. The stock was sold at an average price of $118.50, for a total transaction of $327,534.00.

VMware, Inc. (NYSE VMW) traded up $4.05 during midday trading on Friday, reaching $133.27. 1,345,900 shares of the company’s stock were exchanged, compared to its average volume of 1,379,463. VMware, Inc. has a 12-month low of $80.90 and a 12-month high of $133.33. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.51. The company has a market cap of $53,470.00, a P/E ratio of 38.08, a price-to-earnings-growth ratio of 3.02 and a beta of 0.67.

VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.07. VMware had a net margin of 18.97% and a return on equity of 18.57%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm posted $1.14 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. research analysts predict that VMware, Inc. will post 3.77 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its position in shares of VMware by 1,643.8% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock worth $139,000 after buying an additional 1,200 shares during the last quarter. Enterprise Financial Services Corp lifted its position in shares of VMware by 3,975.6% in the 3rd quarter. Enterprise Financial Services Corp now owns 1,671 shares of the virtualization software provider’s stock worth $182,000 after buying an additional 1,630 shares during the last quarter. BlueMountain Capital Management LLC bought a new position in shares of VMware in the 2nd quarter worth about $191,000. Cadence Capital Management LLC bought a new position in shares of VMware in the 3rd quarter worth about $204,000. Finally, Argent Trust Co bought a new position in shares of VMware in the 3rd quarter worth about $205,000. Institutional investors own 22.53% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Cowen raised shares of VMware from a “market perform” rating to an “outperform” rating in a research report on Thursday. KeyCorp raised shares of VMware from a “sector weight” rating to an “overweight” rating and set a $142.00 price objective for the company in a research report on Monday, December 18th. Stifel Nicolaus increased their price objective on shares of VMware from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Sunday, December 3rd. CIBC raised their price target on shares of VMware from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $120.00 price target on shares of VMware in a report on Thursday, November 30th. Eleven equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. VMware has an average rating of “Buy” and an average target price of $125.20.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/insider-selling-vmware-inc-vmw-coo-sells-10000-shares-of-stock/1804414.html.

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).

Insider Buying and Selling by Quarter for VMware (NYSE:VMW)

Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with Analyst Ratings Network's FREE daily email newsletter.