VMware, Inc. (NYSE:VMW) Short Interest Down 12.8% in August
VMware, Inc. (NYSE:VMW) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 6,869,100 shares, a decline of 12.8% from the July 31st total of 7,874,000 shares. Approximately 8.9% of the shares of the company are sold short. Based on an average trading volume of 1,530,000 shares, the days-to-cover ratio is currently 4.5 days.
Several equities analysts have recently weighed in on the company. Citigroup cut their target price on VMware from $212.00 to $183.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. ValuEngine downgraded VMware from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Goldman Sachs Group raised VMware from a “sell” rating to a “neutral” rating and set a $152.00 price objective on the stock in a research report on Thursday, September 5th. Royal Bank of Canada cut their price objective on VMware from $210.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday, August 23rd. Finally, Stifel Nicolaus cut their price objective on VMware from $160.00 to $150.00 and set a “hold” rating on the stock in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $175.09.
Shares of NYSE VMW traded down $2.93 during mid-day trading on Friday, reaching $151.11. 1,520,008 shares of the company were exchanged, compared to its average volume of 1,398,892. The company has a quick ratio of 0.97, a current ratio of 0.96 and a debt-to-equity ratio of 0.93. The stock has a market cap of $63.03 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 2.39 and a beta of 0.89. VMware has a 1 year low of $128.69 and a 1 year high of $206.80. The firm has a 50-day moving average of $152.93 and a 200 day moving average of $175.07.
In other news, CFO Zane Rowe sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $147.54, for a total transaction of $2,950,800.00. Following the transaction, the chief financial officer now owns 138,565 shares of the company’s stock, valued at approximately $20,443,880.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO P. Kevan Krysler sold 1,589 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $145.00, for a total value of $230,405.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,120 shares of company stock valued at $10,678,437. 28.80% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of VMW. Price T Rowe Associates Inc. MD lifted its position in VMware by 2.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 15,779,762 shares of the virtualization software provider’s stock worth $2,638,534,000 after buying an additional 414,814 shares in the last quarter. BlackRock Inc. grew its stake in shares of VMware by 7.7% in the second quarter. BlackRock Inc. now owns 4,444,800 shares of the virtualization software provider’s stock valued at $743,215,000 after buying an additional 319,201 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of VMware by 125.0% in the second quarter. Nuveen Asset Management LLC now owns 498,964 shares of the virtualization software provider’s stock valued at $83,431,000 after buying an additional 277,251 shares in the last quarter. Marshall Wace North America L.P. grew its stake in shares of VMware by 335.0% in the first quarter. Marshall Wace North America L.P. now owns 344,864 shares of the virtualization software provider’s stock valued at $62,251,000 after buying an additional 265,586 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of VMware by 305.4% in the second quarter. Janus Henderson Group PLC now owns 326,502 shares of the virtualization software provider’s stock valued at $54,594,000 after buying an additional 245,968 shares in the last quarter. 17.49% of the stock is currently owned by hedge funds and other institutional investors.
VMware Company Profile
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.
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