Traders bought shares of VMware, Inc. (NYSE:VMW) on weakness during trading on Friday. $71.01 million flowed into the stock on the tick-up and $34.89 million flowed out of the stock on the tick-down, for a money net flow of $36.12 million into the stock. Of all stocks tracked, VMware had the 10th highest net in-flow for the day. VMware traded down ($1.05) for the day and closed at $150.88

VMW has been the subject of a number of research analyst reports. Raymond James boosted their price target on VMware from $153.00 to $174.00 in a report on Thursday, July 5th. Robert W. Baird reiterated a “buy” rating and issued a $163.00 price target on shares of VMware in a report on Friday, June 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $172.00 price target on shares of VMware in a report on Friday, July 6th. Bank of America boosted their price target on VMware to $190.00 and gave the company a “buy” rating in a report on Monday, July 16th. Finally, TheStreet downgraded VMware from a “b” rating to a “c” rating in a report on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have issued a buy rating to the company. VMware presently has an average rating of “Buy” and a consensus price target of $145.81.

The company has a market capitalization of $62.34 billion, a P/E ratio of 39.26, a price-to-earnings-growth ratio of 2.54 and a beta of 0.53. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.44.

VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, May 31st. The virtualization software provider reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.11. VMware had a return on equity of 19.58% and a net margin of 15.61%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. sell-side analysts forecast that VMware, Inc. will post 4.55 EPS for the current year.

In other VMware news, COO Rajiv Ramaswami sold 30,000 shares of the business’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $142.66, for a total transaction of $4,279,800.00. Following the completion of the transaction, the chief operating officer now owns 266,057 shares in the company, valued at approximately $37,955,691.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Rangarajan (Raghu) Raghuram sold 38,000 shares of the business’s stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $154.98, for a total value of $5,889,240.00. Following the transaction, the chief operating officer now owns 297,193 shares of the company’s stock, valued at approximately $46,058,971.14. The disclosure for this sale can be found here. Insiders have sold a total of 123,739 shares of company stock valued at $18,967,729 in the last quarter. 29.90% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Andra AP fonden acquired a new position in VMware during the 2nd quarter worth $6,775,000. Global X Management Co LLC boosted its position in VMware by 128.2% during the 2nd quarter. Global X Management Co LLC now owns 6,392 shares of the virtualization software provider’s stock worth $939,000 after acquiring an additional 3,591 shares during the period. California Public Employees Retirement System boosted its position in VMware by 0.3% during the 2nd quarter. California Public Employees Retirement System now owns 212,711 shares of the virtualization software provider’s stock worth $31,262,000 after acquiring an additional 685 shares during the period. Cypress Capital Group boosted its position in VMware by 42.2% during the 2nd quarter. Cypress Capital Group now owns 3,505 shares of the virtualization software provider’s stock worth $515,000 after acquiring an additional 1,040 shares during the period. Finally, Jafra Capital Management LP acquired a new position in VMware during the 2nd quarter worth $2,205,000. Institutional investors own 19.92% of the company’s stock.

About VMware (NYSE:VMW)

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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