(Ticker Report) – UBS Group began coverage on shares of VMware (NYSE:VMW) in a research report sent to investors on Tuesday morning, Benzinga reports. The firm issued a neutral rating and a $155.00 target price on the virtualization software provider’s stock.
Other analysts also recently issued research reports about the company. BMO Capital Markets restated a buy rating on shares of VMware in a research note on Friday, August 28th. Citigroup upped their price target on VMware from $193.00 to $200.00 and gave the stock a buy rating in a research note on Friday, August 28th. William Blair restated an outperform rating on shares of VMware in a research note on Friday, October 2nd. Zacks Investment Research downgraded VMware from a buy rating to a hold rating and set a $143.00 price target on the stock. in a research note on Monday, June 15th.
Finally, Goldman Sachs Group upped their price target on VMware from $143.00 to $158.00 and gave the stock a neutral rating in a research note on Wednesday, June 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $166.68.
VMW stock opened at $153.18 on Tuesday. VMware has a fifty-two week low of $86.00 and a fifty-two week high of $173.37. The business’s 50 day moving average price is $143.73 and its two-hundred day moving average price is $139.97. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $64.36 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 2.40 and a beta of 0.67.
VMware (NYSE:VMW) last posted its earnings results on Thursday, August 27th. The virtualization software provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.36. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.80 billion. VMware had a return on equity of 27.92% and a net margin of 15.94%. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 EPS. Sell-side analysts forecast that VMware will post 4.4 earnings per share for the current year.
In related news, VP Amy Fliegelman Olli sold 1,348 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $142.30, for a total value of $191,820.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Rajiv Ramaswami sold 3,173 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $150.00, for a total value of $475,950.00. Following the completion of the transaction, the chief operating officer now directly owns 49,511 shares in the company, valued at $7,426,650. The disclosure for this sale can be found here. Insiders have sold a total of 33,037 shares of company stock worth $4,708,857 over the last three months. Insiders own 28.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Arden Trust Co raised its holdings in VMware by 13.2% in the 3rd quarter. Arden Trust Co now owns 4,688 shares of the virtualization software provider’s stock worth $674,000 after purchasing an additional 548 shares during the period. Diversified Trust Co bought a new position in VMware in the 3rd quarter worth $231,000. Raymond James Trust N.A. raised its holdings in VMware by 11.3% in the 3rd quarter. Raymond James Trust N.A. now owns 3,534 shares of the virtualization software provider’s stock worth $508,000 after purchasing an additional 359 shares during the period. Sicart Associates LLC bought a new position in VMware in the 3rd quarter worth $244,000. Finally, Flagship Harbor Advisors LLC raised its holdings in VMware by 37.8% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 715 shares of the virtualization software provider’s stock worth $102,000 after purchasing an additional 196 shares during the period. 18.54% of the stock is currently owned by 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. It 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.