Investment analysts at Barclays began coverage on shares of VMware (NYSE:VMW) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $168.00 price target on the virtualization software provider’s stock. Barclays‘s price target points to a potential upside of 15.75% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Oppenheimer dropped their price target on shares of VMware from $180.00 to $170.00 and set an “outperform” rating on the stock in a research report on Tuesday. Jefferies Financial Group raised their price target on shares of VMware from $186.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, November 30th. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of VMware in a research report on Friday, November 30th. Stifel Nicolaus reissued a “hold” rating and set a $145.00 price target (up from $142.00) on shares of VMware in a research report on Friday, November 30th. Finally, Royal Bank of Canada raised their price target on shares of VMware from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, November 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $169.76.

VMware stock opened at $145.14 on Wednesday. VMware has a 1-year low of $108.46 and a 1-year high of $169.25. The firm has a market capitalization of $61.62 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 2.24 and a beta of 0.68. 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 released its quarterly earnings data on Thursday, November 29th. The virtualization software provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.42. VMware had a net margin of 17.03% and a return on equity of 19.62%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the firm earned $1.34 earnings per share. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities research analysts predict that VMware will post 4.77 EPS for the current year.

In other news, CFO Zane Rowe sold 6,500 shares of VMware stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $165.08, for a total value of $1,073,020.00. Following the completion of the transaction, the chief financial officer now owns 89,276 shares in the company, valued at $14,737,682.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Rajiv Ramaswami sold 12,345 shares of VMware stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $143.73, for a total transaction of $1,774,346.85. Following the completion of the transaction, the chief operating officer now owns 218,011 shares of the company’s stock, valued at approximately $31,334,721.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,980 shares of company stock worth $14,583,411. Insiders own 29.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. TLP Group LLC purchased a new position in shares of VMware in the third quarter worth about $118,000. Moneta Group Investment Advisors LLC increased its stake in shares of VMware by 217.5% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,000 shares of the virtualization software provider’s stock worth $147,000 after purchasing an additional 685 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of VMware in the third quarter worth about $181,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of VMware in the third quarter worth about $202,000. Finally, Calamos Advisors LLC purchased a new position in shares of VMware in the third quarter worth about $204,000. Hedge funds and other institutional investors own 18.52% of the company’s stock.

About VMware

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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Analyst Recommendations for VMware (NYSE:VMW)

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