Vmware, Inc. (NYSE:VMW) COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $120.40, for a total value of $2,815,072.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Vmware, Inc. (VMW) traded down $0.62 during trading hours on Friday, hitting $121.25. 1,683,700 shares of the stock traded hands, compared to its average volume of 1,626,453. The firm has a market cap of $49,213.42, a PE ratio of 33.03, a PEG ratio of 2.81 and a beta of 0.67. Vmware, Inc. has a one year low of $77.94 and a one year high of $127.60. The company has a quick ratio of 1.98, a current ratio of 2.86 and a debt-to-equity ratio of 0.51.

Vmware (NYSE:VMW) last announced its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.07. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Vmware had a net margin of 18.97% and a return on equity of 18.57%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. sell-side analysts forecast that Vmware, Inc. will post 3.77 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in VMW. Sapphire Star Partners LP increased its holdings in Vmware by 20.0% during the third quarter. Sapphire Star Partners LP now owns 2,880 shares of the virtualization software provider’s stock worth $314,000 after buying an additional 480 shares during the last quarter. Summit Global Investments purchased a new position in shares of Vmware during the second quarter worth approximately $631,000. BP PLC purchased a new position in shares of Vmware in the third quarter worth $928,000. Dynamic Technology Lab Private Ltd purchased a new position in Vmware during the 2nd quarter valued at $1,121,000. Finally, BNP Paribas Arbitrage SA increased its position in Vmware by 64.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 35,641 shares of the virtualization software provider’s stock valued at $3,116,000 after purchasing an additional 13,946 shares during the period. 22.21% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on VMW. Berenberg Bank restated a “hold” rating and set a $94.00 price target on shares of Vmware in a report on Tuesday, August 29th. Zacks Investment Research raised Vmware from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a report on Wednesday, October 25th. Stifel Nicolaus reissued a “buy” rating and set a $118.00 price target (up previously from $109.00) on shares of Vmware in a research report on Friday, August 25th. MKM Partners restated a “buy” rating and set a $120.00 price objective (up previously from $110.00) on shares of Vmware in a report on Monday, August 28th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $125.00 target price (up previously from $120.00) on shares of Vmware in a report on Thursday, August 31st. Fifteen analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Vmware presently has a consensus rating of “Buy” and an average target price of $124.50.

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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)

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