Vmware, Inc. (VMW) COO Rangarajan (Raghu) Raghuram Sells 23,381 Shares
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 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.
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).
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