Vmware, Inc. (NYSE:VMW) COO Rajiv Ramaswami sold 9,747 shares of Vmware stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $118.16, for a total value of $1,151,705.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Vmware, Inc. (VMW) opened at $117.94 on Monday. The firm has a market capitalization of $48,314.48, a price-to-earnings ratio of 33.22, a PEG ratio of 2.70 and a beta of 0.67. Vmware, Inc. has a 52-week low of $74.85 and a 52-week high of $121.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.98 and a current ratio of 1.98.

Vmware (NYSE:VMW) last released its earnings results on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. research analysts forecast that Vmware, Inc. will post 3.79 EPS for the current year.

Vmware announced that its board has authorized a share repurchase program on Monday, August 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the virtualization software provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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Several research analysts have commented on the company. BMO Capital Markets lifted their price target on Vmware from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 15th. Citigroup Inc. lifted their price target on Vmware from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Drexel Hamilton reaffirmed a “buy” rating and issued a $120.00 price target on shares of Vmware in a research report on Thursday. Mizuho lifted their price target on Vmware from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, August 14th. Finally, Robert W. Baird set a $115.00 price target on Vmware and gave the stock a “buy” rating in a research report on Monday, August 14th. Fifteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $114.91.

Hedge funds have recently added to or reduced their stakes in the company. Summit Global Investments bought a new stake in shares of Vmware during the second quarter worth $631,000. Dynamic Technology Lab Private Ltd bought a new stake in Vmware in the second quarter valued at about $1,121,000. BNP Paribas Arbitrage SA increased its holdings 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. AXA increased its holdings in Vmware by 102.9% in the second quarter. AXA now owns 120,100 shares of the virtualization software provider’s stock valued at $10,501,000 after purchasing an additional 60,900 shares during the last quarter. Finally, Investec Asset Management PTY Ltd increased its holdings in Vmware by 18.9% in the second quarter. Investec Asset Management PTY Ltd now owns 33,336 shares of the virtualization software provider’s stock valued at $2,915,000 after purchasing an additional 5,295 shares during the last quarter. Institutional investors own 22.28% of the company’s stock.

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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