Vmware (NYSE:VMW) had its price objective lifted by research analysts at Stifel Nicolaus from $150.00 to $152.00 in a report issued on Sunday. The brokerage presently has a “buy” rating on the virtualization software provider’s stock. Stifel Nicolaus’ target price indicates a potential upside of 32.07% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Oppenheimer boosted their target price on shares of Vmware from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, September 5th. Cowen reissued a “market perform” rating and issued a $104.00 target price (up previously from $98.00) on shares of Vmware in a report on Monday, August 14th. Robert W. Baird set a $115.00 target price on shares of Vmware and gave the stock a “buy” rating in a report on Monday, August 14th. Maxim Group reissued a “hold” rating and issued a $105.00 target price on shares of Vmware in a report on Friday, August 25th. Finally, Barclays raised shares of Vmware from an “equal weight” rating to an “overweight” rating and boosted their target price 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 assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $124.50.

Vmware (VMW) opened at $115.09 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.10. Vmware has a 1-year low of $77.94 and a 1-year high of $127.60. The firm has a market cap of $47,070.00, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 2.85 and a beta of 0.67.

Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. Vmware had a net margin of 18.97% and a return on equity of 18.58%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. equities research analysts forecast that Vmware will post 3.79 EPS for the current fiscal year.

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

In other Vmware news, COO Rajiv Ramaswami sold 9,747 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $118.16, for a total transaction of $1,151,705.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Egon Durban sold 435,682 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total transaction of $47,624,399.42. The disclosure for this sale can be found here. Insiders sold 446,563 shares of company stock worth $48,896,887 in the last 90 days. 34.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Investec Asset Management LTD increased its position in Vmware by 0.5% during the third quarter. Investec Asset Management LTD now owns 2,682,460 shares of the virtualization software provider’s stock valued at $292,898,000 after acquiring an additional 13,318 shares during the last quarter. Voya Investment Management LLC increased its position in Vmware by 25.7% during the second quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock valued at $230,241,000 after acquiring an additional 538,393 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Vmware by 2.6% during the third quarter. JPMorgan Chase & Co. now owns 2,379,344 shares of the virtualization software provider’s stock valued at $259,824,000 after purchasing an additional 59,923 shares during the period. APG Asset Management N.V. boosted its stake in shares of Vmware by 302.3% during the third quarter. APG Asset Management N.V. now owns 2,044,921 shares of the virtualization software provider’s stock valued at $223,285,000 after purchasing an additional 1,536,600 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Vmware by 6.3% during the third quarter. Wells Fargo & Company MN now owns 1,792,367 shares of the virtualization software provider’s stock valued at $195,708,000 after purchasing an additional 105,543 shares during the period. Institutional investors and hedge funds own 22.21% of the company’s stock.

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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).

Analyst Recommendations for Vmware (NYSE:VMW)

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