VMware, Inc. (NYSE:VMW) TEU sells $39,866.95 in stock
VMware, Inc. (NYSE:VMW – Get Rating) Executive Vice President Jean Pierre Brulard sold 359 shares of the company in a trade on Thursday, September 22. The stock was sold at an average price of $111.05, for a total transaction of $39,866.95. Following the completion of the transaction, the executive vice president now owns 82,777 shares of the company, valued at approximately $9,192,385.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link.
VMware Stock Performance
Shares of VMW traded down $1.89 at midday on Monday, hitting $107.71. 1,035,042 shares were traded, against an average volume of 1,739,314. The stock’s fifty-day simple moving average is $116.47 and its two-hundred-day simple moving average is $114.78. The stock has a market capitalization of $45.56 billion, a price/earnings ratio of 28.95, a P/E/G ratio of 0.98 and a beta of 0.67. VMware, Inc. has a 12-month low of $91.53 and a 12-month high of $167.83. The company has a debt ratio of 79.86, a quick ratio of 0.76 and a current ratio of 0.76.
VMware (NYSE:VMW – Get Rating) last released quarterly earnings data on Thursday, August 25. The virtualization software vendor reported earnings per share (EPS) of $0.99 for the quarter, missing the consensus estimate of $1.06 per ($0.07). The company posted revenue of $3.34 billion for the quarter, versus $3.30 billion expected by analysts. VMware had a return on equity of 80.84% and a net margin of 11.97%. The company’s revenue for the quarter increased 6.3% compared to the same quarter last year. During the same period a year earlier, the company posted EPS of $1.18. On average, analysts expect VMware, Inc. to post a EPS of 4.49 for the current year.
Hedge funds weigh on VMware
Several hedge funds have recently changed their positions in the company. Greenleaf Trust increased its holdings of VMware shares by 3.0% during the second quarter. Greenleaf Trust now owns 3,023 shares of the virtualization software provider worth $345,000 after buying 89 additional shares in the last quarter. Financial Management Professionals Inc. increased its holdings of VMware shares by 13.2% in the first quarter. Financial Management Professionals Inc. now owns 825 shares of the virtualization software provider worth $94,000 after buying 96 additional shares in the last quarter. Parallel Advisors LLC increased its holdings of VMware shares by 3.3% in the first quarter. Parallel Advisors LLC now owns 3,034 shares of the virtualization software provider worth $353,000 after buying 98 additional shares in the last quarter. Investors Research Corp increased its holdings of VMware shares 2.0% in the first quarter. Investors Research Corp now owns 5,100 shares of the virtualization software provider worth $581,000 after buying 100 more shares in the last quarter. Finally, Salem Investment Counselors Inc. increased its holdings of VMware shares by 3.0% during the second quarter. Salem Investment Counselors Inc. now owns 3,386 shares of the virtualization software provider worth $386,000 after buying 100 more shares in the last quarter. Hedge funds and other institutional investors own 47.04% of the company’s shares.
Analysts set new price targets
Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised its target price on VMware from $135.00 to $142.50 in a Tuesday, May 31 research note. StockNews.com upgraded VMware from a “buy” rating to a “strong buy” rating in a Friday, August 26 research report. Finally, Raymond James upgraded VMware shares from an “outperforming” rating to a “market performing” rating in a Wednesday, July 6, report. Twelve equity research analysts gave the stock a hold rating, nine gave the company a buy rating and one gave the company a high buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.91.
VMware Company Profile
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VMware, Inc provides software solutions in the areas of modern applications, cloud infrastructure and management, networking, security, and digital workspaces in the United States and around the world. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the foundational compute layer; vSAN and VxRail, which provide global storage and data protection options for applications running on vSphere; and vRealize Cloud Management solutions that manage hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management in one stack integrated and provides enterprises cloud-ready infrastructure for private and public clouds.
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