VMware (VMW) Stock Rating Reaffirmed by Mizuho
Mizuho reissued their neutral rating on shares of VMware (NYSE:VMW) in a research note issued to investors on Friday, MarketBeat Ratings reports. Mizuho currently has a $125.00 target price on the virtualization software provider’s stock, up from their prior target price of $110.00.
Several other analysts have also recently commented on the company. Deutsche Bank raised their target price on VMware from $145.00 to $175.00 and gave the company a buy rating in a research report on Monday, January 29th. Cowen upgraded VMware from a market perform rating to an outperform rating in a research report on Thursday, January 11th. Barclays reiterated a buy rating on shares of VMware in a research report on Friday, November 10th. Nomura initiated coverage on VMware in a research report on Tuesday, January 23rd. They set a reduce rating and a $108.00 price target on the stock. Finally, KeyCorp upgraded VMware from a sector weight rating to an overweight rating and set a $142.00 price target on the stock in a research report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $130.96.
Shares of VMware (VMW) opened at $116.34 on Friday. VMware has a 1 year low of $85.45 and a 1 year high of $165.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.86 and a quick ratio of 2.86. The company has a market capitalization of $46,900.00, a P/E ratio of 30.94, a P/E/G ratio of 2.41 and a beta of 0.72.
In other news, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $120.40, for a total value of $2,815,072.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Sanjay Poonen sold 2,764 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $118.50, for a total value of $327,534.00. Following the completion of the sale, the chief operating officer now directly owns 189,391 shares of the company’s stock, valued at approximately $22,442,833.50. The disclosure for this sale can be found here. Insiders sold a total of 38,726 shares of company stock worth $4,774,927 over the last 90 days. Insiders own 34.40% of the company’s stock.
Several institutional investors have recently modified their holdings of VMW. Coatue Management LLC acquired a new stake in shares of VMware in the fourth quarter worth $156,584,000. Allianz Asset Management GmbH boosted its position in shares of VMware by 3,351.4% in the fourth quarter. Allianz Asset Management GmbH now owns 541,010 shares of the virtualization software provider’s stock worth $67,799,000 after buying an additional 525,335 shares during the period. Renaissance Technologies LLC boosted its position in shares of VMware by 19.9% in the fourth quarter. Renaissance Technologies LLC now owns 2,656,100 shares of the virtualization software provider’s stock worth $332,862,000 after buying an additional 441,500 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of VMware by 4,589.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 415,050 shares of the virtualization software provider’s stock worth $52,014,000 after buying an additional 406,200 shares during the period. Finally, Fred Alger Management Inc. boosted its position in shares of VMware by 54,509.5% in the fourth quarter. Fred Alger Management Inc. now owns 356,054 shares of the virtualization software provider’s stock worth $44,621,000 after buying an additional 355,402 shares during the period. 21.60% of the stock is owned by institutional investors and hedge funds.
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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