VMware (NYSE:VMW) had its target price lowered by Deutsche Bank from $220.00 to $190.00 in a report issued on Monday, The Fly reports. The firm presently has a “buy” rating on the virtualization software provider’s stock. Deutsche Bank’s target price suggests a potential upside of 31.56% from the company’s current price.

A number of other research firms have also commented on VMW. Wedbush restated an “outperform” rating on shares of VMware in a research report on Thursday, July 18th. Morgan Stanley reduced their price target on shares of VMware from $192.00 to $190.00 and set an “equal weight” rating for the company in a research report on Friday, May 31st. Cleveland Research restated a “buy” rating on shares of VMware in a research report on Tuesday, May 28th. Oppenheimer boosted their price target on shares of VMware from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, Jefferies Financial Group boosted their price target on shares of VMware from $203.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. VMware presently has a consensus rating of “Hold” and an average target price of $189.36.

VMW opened at $144.42 on Monday. The company has a fifty day moving average price of $166.01 and a 200-day moving average price of $177.31. The firm has a market capitalization of $58.81 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 2.22 and a beta of 0.81. The company has a debt-to-equity ratio of 7.57, a current ratio of 0.97 and a quick ratio of 0.97. VMware has a one year low of $129.33 and a one year high of $206.80.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, May 30th. The virtualization software provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.42. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.25 billion. VMware had a net margin of 21.50% and a return on equity of 36.48%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 EPS. On average, analysts expect that VMware will post 4.87 earnings per share for the current year.

In other news, CFO Zane Rowe sold 22,579 shares of VMware stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $175.21, for a total transaction of $3,956,066.59. Following the completion of the sale, the chief financial officer now directly owns 166,974 shares of the company’s stock, valued at approximately $29,255,514.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Rajiv Ramaswami sold 38,813 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $170.58, for a total transaction of $6,620,721.54. Following the completion of the sale, the chief operating officer now directly owns 181,243 shares of the company’s stock, valued at $30,916,430.94. The disclosure for this sale can be found here. Insiders have sold a total of 84,053 shares of company stock valued at $14,639,696 over the last ninety days. 28.80% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Clarus Wealth Advisors bought a new stake in VMware in the second quarter worth $29,000. Coastal Capital Group Inc. bought a new stake in VMware in the second quarter worth $29,000. TRUE Private Wealth Advisors bought a new stake in VMware in the second quarter worth $31,000. CSat Investment Advisory L.P. bought a new stake in VMware in the second quarter worth $34,000. Finally, Pacific Center for Financial Services increased its position in shares of VMware by 94.3% in the second quarter. Pacific Center for Financial Services now owns 206 shares of the virtualization software provider’s stock valued at $34,000 after acquiring an additional 100 shares during the period. 17.70% of the stock is owned by institutional investors and hedge funds.

About VMware

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

Further Reading: What are the benefits of momentum investing?

The Fly

Analyst Recommendations 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.