Vmware, Inc. (NYSE:VMW) Director Egon Durban sold 435,682 shares of Vmware stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total value of $47,624,399.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Vmware, Inc. (NYSE:VMW) opened at $121.84 on Tuesday. Vmware, Inc. has a 52 week low of $74.85 and a 52 week high of $122.44. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $50,039.12, a price-to-earnings ratio of 34.41, a P/E/G ratio of 2.80 and a beta of 0.67.
Vmware (NYSE:VMW) last posted its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.04. Vmware had a return on equity of 18.06% and a net margin of 17.81%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. equities analysts predict that Vmware, Inc. will post 3.79 earnings per share for the current year.
Vmware announced that its Board of Directors has initiated a stock buyback plan on Monday, August 14th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the virtualization software provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
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Several equities analysts have issued reports on VMW shares. Zacks Investment Research lowered Vmware from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Citigroup Inc. boosted their price target on Vmware from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Mizuho boosted their price target on Vmware from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, August 14th. Robert W. Baird set a $115.00 price target on Vmware and gave the stock a “buy” rating in a research note on Monday, August 14th. Finally, Cowen and Company restated a “market perform” rating and set a $104.00 price target (up previously from $98.00) on shares of Vmware in a research note on Monday, August 14th. Fifteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $115.35.
Large investors have recently modified their holdings of the business. Sapphire Star Partners LP grew its holdings in Vmware by 20.0% in the 3rd quarter. Sapphire Star Partners LP now owns 2,880 shares of the virtualization software provider’s stock valued at $314,000 after buying an additional 480 shares in the last quarter. Summit Global Investments purchased a new stake in Vmware in the 2nd quarter valued at $631,000. Dynamic Technology Lab Private Ltd purchased a new stake in Vmware in the 2nd quarter valued at $1,121,000. BNP Paribas Arbitrage SA grew its holdings in Vmware by 64.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 35,641 shares of the virtualization software provider’s stock valued at $3,116,000 after buying an additional 13,946 shares in the last quarter. Finally, AXA grew its holdings in Vmware by 102.9% in the 2nd quarter. AXA now owns 120,100 shares of the virtualization software provider’s stock valued at $10,501,000 after buying an additional 60,900 shares in the last quarter. Institutional investors own 22.27% of the company’s stock.
Vmware Company Profile
VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).
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