Bank of America restated their buy rating on shares of VMware (NYSE:VMW) in a research note released on Friday morning, AnalystRatings.com reports. The firm currently has a $225.00 price objective on the virtualization software provider’s stock.

Several other equities research analysts have also recently commented on VMW. Wedbush restated a buy rating and set a $210.00 price target on shares of VMware in a research note on Friday. Zacks Investment Research cut VMware from a hold rating to a sell rating in a research note on Tuesday, April 30th. Jefferies Financial Group upped their price target on VMware from $203.00 to $213.00 and gave the stock a buy rating in a research note on Friday. BMO Capital Markets upped their price target on VMware from $195.00 to $198.00 and gave the stock an outperform rating in a research note on Friday. Finally, Morgan Stanley upped their price target on VMware from $152.00 to $192.00 and gave the stock an equal weight rating in a research note on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $194.50.

VMware stock opened at $176.98 on Friday. VMware has a 12 month low of $129.33 and a 12 month high of $206.80. The company has a debt-to-equity ratio of 7.70, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $78.43 billion, a PE ratio of 35.90, a P/E/G ratio of 2.93 and a beta of 0.81.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, May 30th. The virtualization software provider reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.42. VMware had a return on equity of 28.06% and a net margin of 21.50%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that VMware will post 4.87 EPS for the current fiscal year.

In other VMware news, COO Rangarajan (Raghu) Raghuram sold 36,311 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $170.24, for a total value of $6,181,584.64. Following the sale, the chief operating officer now owns 304,104 shares of the company’s stock, valued at $51,770,664.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Amy Fliegelman Olli sold 1,723 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $178.98, for a total value of $308,382.54. Following the completion of the sale, the vice president now directly owns 34,332 shares in the company, valued at approximately $6,144,741.36. The disclosure for this sale can be found here. Insiders sold 294,810 shares of company stock valued at $54,382,319 in the last quarter. 28.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of VMW. Wellington Management Group LLP grew its holdings in VMware by 441.6% in the first quarter. Wellington Management Group LLP now owns 2,203,110 shares of the virtualization software provider’s stock valued at $397,683,000 after purchasing an additional 1,796,348 shares during the last quarter. Norges Bank acquired a new stake in VMware in the fourth quarter valued at $84,157,000. Natixis grew its holdings in VMware by 1,201.9% in the first quarter. Natixis now owns 289,699 shares of the virtualization software provider’s stock valued at $51,566,000 after purchasing an additional 267,447 shares during the last quarter. Marshall Wace North America L.P. grew its holdings in VMware by 335.0% in the first quarter. Marshall Wace North America L.P. now owns 344,864 shares of the virtualization software provider’s stock valued at $62,251,000 after purchasing an additional 265,586 shares during the last quarter. Finally, Castle Hook Partners LP acquired a new stake in VMware in the fourth quarter valued at $30,265,000. 17.91% of the stock is currently owned by institutional investors.

VMware Company Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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