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.

VMware (NYSE:VMW) last issued its quarterly earnings data on Thursday, August 22nd. The virtualization software provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.45. VMware had a return on equity of 47.55% and a net margin of 66.00%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the business posted $1.54 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts forecast that VMware will post 4.86 earnings per share for the current year.

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.

Featured Story: Diversification

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.