Vmware, Inc. (NYSE:VMW) COO Sanjay Poonen sold 2,764 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $118.50, for a total transaction of $327,534.00. Following the sale, the chief operating officer now owns 189,391 shares of the company’s stock, valued at $22,442,833.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vmware, Inc. (NYSE VMW) traded down $1.05 during midday trading on Tuesday, reaching $120.04. 1,771,526 shares of the company’s stock traded hands, compared to its average volume of 1,624,916. Vmware, Inc. has a 52 week low of $77.94 and a 52 week high of $127.60. The stock has a market capitalization of $48,284.64, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.98 and a quick ratio of 1.98.

Vmware (NYSE:VMW) last released its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. Vmware had a return on equity of 18.58% and a net margin of 18.97%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. research analysts anticipate that Vmware, Inc. will post 3.77 EPS for the current fiscal year.

Vmware announced that its board has authorized a stock repurchase plan on Monday, August 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the virtualization software provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Hedge funds have recently added to or reduced their stakes in the stock. Sapphire Star Partners LP raised its holdings in shares of Vmware by 20.0% in the third quarter. Sapphire Star Partners LP now owns 2,880 shares of the virtualization software provider’s stock valued at $314,000 after acquiring an additional 480 shares in the last quarter. Summit Global Investments purchased a new position in Vmware in the second quarter valued at about $631,000. BP PLC purchased a new position in Vmware in the third quarter valued at about $928,000. Dynamic Technology Lab Private Ltd purchased a new position in Vmware in the second quarter valued at about $1,121,000. Finally, BNP Paribas Arbitrage SA grew its stake in Vmware by 64.3% in the second 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 last quarter. Hedge funds and other institutional investors own 22.21% of the company’s stock.

A number of equities research analysts recently commented on the stock. Oppenheimer upped their price target on shares of Vmware from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. Cowen restated a “market perform” rating and issued a $104.00 price objective (up from $98.00) on shares of Vmware in a report on Monday, August 14th. Maxim Group restated a “hold” rating and issued a $105.00 price objective on shares of Vmware in a report on Friday, August 25th. Robert W. Baird set a $115.00 price objective on shares of Vmware and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, Barclays upgraded shares of Vmware from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $109.00 to $130.00 in a report on Thursday, September 14th. Fifteen research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $124.50.

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About Vmware

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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