VMware (NYSE: VMW) recently received a number of ratings updates from brokerages and research firms:

  • 1/11/2019 – VMware is now covered by analysts at Credit Suisse Group AG. They set a “neutral” rating and a $160.00 price target on the stock.
  • 1/11/2019 – VMware is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $155.00 price target on the stock.
  • 1/10/2019 – VMware is now covered by analysts at BMO Capital Markets. They set an “outperform” rating and a $170.00 price target on the stock.
  • 1/9/2019 – VMware is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $168.00 price target on the stock.
  • 1/8/2019 – VMware had its price target lowered by analysts at Oppenheimer Holdings Inc. from $180.00 to $170.00. They now have an “outperform” rating on the stock.
  • 1/8/2019 – VMware is now covered by analysts at Citigroup Inc. They set a “buy” rating and a $166.00 price target on the stock.
  • 1/4/2019 – VMware had its price target lowered by analysts at KeyCorp from $199.00 to $172.00. They now have an “overweight” rating on the stock.
  • 12/6/2018 – VMware was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $183.00 price target on the stock. According to Zacks, “VMware reported impressive third-quarter fiscal 2019 results. Both earnings and revenues increased on a year-over-year basis. Strong top-line growth was primarily driven by robust performance from NSX and vSAN product line. Management raised fiscal 2019 guidance. VMware has been consistently taking initiatives to diversify its product portfolio to include most of the IT infrastructure. The company’s dominance in software-defined data center (SDDC) along with expanding customer base in cloud driven by partnerships with the likes of IBM and AWS is positive. Moreover, continuing enterprise deal wins will drive growth in the long haul. Shares have outperformed the industry on a year-to-date basis. Nevertheless, VMware’s margins are expected to be dragged down due to heavy spending. Intensifying competition is also a concern.”
  • 11/30/2018 – VMware was given a new $128.00 price target on by analysts at Nomura. They now have a “reduce” rating on the stock.
  • 11/30/2018 – VMware had its price target raised by analysts at JPMorgan Chase & Co. from $165.00 to $194.00. They now have an “overweight” rating on the stock.
  • 11/30/2018 – VMware had its price target raised by analysts at KeyCorp from $167.00 to $199.00. They now have an “overweight” rating on the stock.
  • 11/30/2018 – VMware had its price target raised by analysts at Royal Bank of Canada from $180.00 to $200.00. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 11/30/2018 – VMware had its price target raised by analysts at Raymond James from $174.00 to $190.00. They now have an “outperform” rating on the stock.
  • 11/30/2018 – VMware had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $200.00 price target on the stock.
  • 11/30/2018 – VMware had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $145.00 price target on the stock, up previously from $142.00.
  • 11/30/2018 – VMware had its “hold” rating reaffirmed by analysts at Maxim Group. They now have a $155.00 price target on the stock, up previously from $150.00.
  • 11/30/2018 – VMware had its price target raised by analysts at Jefferies Financial Group Inc from $186.00 to $196.00. They now have a “buy” rating on the stock.

Shares of NYSE VMW opened at $146.70 on Monday. The company has a market capitalization of $61.62 billion, a P/E ratio of 38.01, a PEG ratio of 2.24 and a beta of 0.68. VMware, Inc. has a 52 week low of $108.46 and a 52 week high of $169.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.04 and a current ratio of 3.04.

VMware (NYSE:VMW) last issued its earnings results on Thursday, November 29th. The virtualization software provider reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.42. VMware had a return on equity of 19.62% and a net margin of 17.03%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. VMware’s revenue for the quarter was up 13.5% on a year-over-year basis. Sell-side analysts predict that VMware, Inc. will post 4.77 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Friday, December 28th. Shareholders of record on Thursday, December 27th were given a $26.81 dividend. The ex-dividend date was Monday, December 31st.

In other VMware news, Director Michael W. Brown sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $160.00, for a total value of $5,600,000.00. Following the sale, the director now owns 16,923 shares in the company, valued at approximately $2,707,680. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Rajiv Ramaswami sold 12,345 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $143.73, for a total value of $1,774,346.85. Following the completion of the sale, the chief operating officer now owns 218,011 shares in the company, valued at approximately $31,334,721.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,980 shares of company stock worth $14,583,411. Insiders own 29.90% of the company’s stock.

Large investors have recently made changes to their positions in the company. Cognios Capital LLC lifted its position in shares of VMware by 20.4% during the 2nd quarter. Cognios Capital LLC now owns 7,694 shares of the virtualization software provider’s stock valued at $1,130,000 after buying an additional 1,303 shares in the last quarter. FMR LLC purchased a new position in shares of VMware during the 2nd quarter valued at approximately $3,893,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of VMware by 13.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,444 shares of the virtualization software provider’s stock valued at $800,000 after buying an additional 632 shares in the last quarter. First Republic Investment Management Inc. lifted its position in shares of VMware by 9.4% during the 2nd quarter. First Republic Investment Management Inc. now owns 6,263 shares of the virtualization software provider’s stock valued at $921,000 after buying an additional 536 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of VMware during the 2nd quarter valued at approximately $1,065,000. Hedge funds and other institutional investors own 18.52% of the company’s stock.

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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