VMware, Inc. (NYSE:VMW) EVP Maurizio Carli sold 5,446 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $174.25, for a total value of $948,965.50. Following the transaction, the executive vice president now directly owns 69,908 shares of the company’s stock, valued at $12,181,469. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Maurizio Carli also recently made the following trade(s):

  • On Friday, January 11th, Maurizio Carli sold 36,848 shares of VMware stock. The stock was sold at an average price of $146.79, for a total value of $5,408,917.92.

Shares of NYSE:VMW opened at $179.26 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.04 and a quick ratio of 3.04. The firm has a market capitalization of $73.41 billion, a price-to-earnings ratio of 36.36, a P/E/G ratio of 2.76 and a beta of 0.76. VMware, Inc. has a 52-week low of $117.61 and a 52-week high of $183.40.

VMware (NYSE:VMW) last issued its earnings results on Thursday, February 28th. The virtualization software provider reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.10. VMware had a return on equity of 19.46% and a net margin of 26.99%. During the same period in the previous year, the company posted $1.68 earnings per share. As a group, equities analysts expect that VMware, Inc. will post 4.94 earnings per share for the current fiscal year.

VMW has been the subject of several research reports. Barclays initiated coverage on VMware in a research report on Wednesday, January 9th. They set an “overweight” rating and a $168.00 price target for the company. Morgan Stanley cut VMware from an “overweight” rating to an “equal” rating and dropped their price target for the stock from $175.00 to $152.00 in a research report on Tuesday, January 15th. Nomura set a $130.00 price target on VMware and gave the stock a “sell” rating in a research report on Friday, March 1st. KeyCorp boosted their price target on VMware from $172.00 to $192.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. boosted their price target on VMware from $165.00 to $194.00 and gave the stock an “overweight” rating in a research report on Friday, November 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. VMware presently has a consensus rating of “Hold” and an average target price of $179.61.

A number of large investors have recently modified their holdings of VMW. Captrust Financial Advisors grew its holdings in VMware by 217.6% in the 4th quarter. Captrust Financial Advisors now owns 216 shares of the virtualization software provider’s stock valued at $30,000 after buying an additional 148 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of VMware during the 4th quarter worth $35,000. Rational Advisors LLC grew its holdings in shares of VMware by 10,166.7% during the 4th quarter. Rational Advisors LLC now owns 308 shares of the virtualization software provider’s stock worth $42,000 after purchasing an additional 305 shares during the period. Taylor Frigon Capital Management LLC purchased a new position in shares of VMware during the 4th quarter worth $45,000. Finally, NuWave Investment Management LLC grew its holdings in shares of VMware by 11,400.0% during the 4th quarter. NuWave Investment Management LLC now owns 345 shares of the virtualization software provider’s stock worth $47,000 after purchasing an additional 342 shares during the period. Institutional investors own 17.82% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://theolympiareport.com/2019/03/15/maurizio-carli-sells-5446-shares-of-vmware-inc-vmw-stock.html.

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.

Featured Story: Why is Cost of Capital Important?

Insider Buying and Selling by Quarter for VMware (NYSE:VMW)

Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with MarketBeat.com's FREE daily email newsletter.