Vmware, Inc. (NYSE:VMW) Director Egon Durban sold 435,682 shares of the company’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.
Vmware, Inc. (VMW) opened at $117.94 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.98 and a current ratio of 1.98. Vmware, Inc. has a 52 week low of $74.85 and a 52 week high of $121.09. The firm has a market capitalization of $48,314.48, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67.
Vmware (NYSE:VMW) last issued its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share for the quarter, beating the 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 business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $0.97 EPS. The business’s revenue was up 12.2% on a year-over-year basis. equities research analysts anticipate that Vmware, Inc. will post 3.79 earnings per share for the current year.
Vmware declared that its Board of Directors has authorized a stock repurchase plan on Monday, August 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the virtualization software provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Large investors have recently modified their holdings of the business. Summit Global Investments bought a new position in Vmware during the 2nd quarter valued at $631,000. Dynamic Technology Lab Private Ltd bought a new position in Vmware during the 2nd quarter valued at $1,121,000. BNP Paribas Arbitrage SA lifted its stake in Vmware by 64.3% during 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 acquiring an additional 13,946 shares in the last quarter. AXA lifted its stake in Vmware by 102.9% during the 2nd quarter. AXA now owns 120,100 shares of the virtualization software provider’s stock valued at $10,501,000 after acquiring an additional 60,900 shares in the last quarter. Finally, Investec Asset Management PTY Ltd lifted its stake in Vmware by 18.9% during the 2nd quarter. Investec Asset Management PTY Ltd now owns 33,336 shares of the virtualization software provider’s stock valued at $2,915,000 after acquiring an additional 5,295 shares in the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.
Several research analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on Vmware from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Tuesday, August 15th. Citigroup Inc. upped their price objective on Vmware from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Drexel Hamilton reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Vmware in a research note on Thursday. Mizuho upped their price objective on Vmware from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Finally, Robert W. Baird set a $115.00 price objective on Vmware and gave the company a “buy” rating in a research note on Monday, August 14th. Fifteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Vmware presently has an average rating of “Buy” and an average target price of $114.91.
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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