VMware (VMW) Stock Rating Reaffirmed by Stifel Nicolaus

VMware (NYSE:VMW)‘s stock had its “hold” rating reiterated by analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday, Marketbeat.com reports. They presently have a $145.00 price objective on the virtualization software provider’s stock, up from their previous price objective of $142.00. Stifel Nicolaus’ target price would indicate a potential downside of 13.35% from the company’s previous close.

A number of other research analysts have also issued reports on VMW. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of VMware in a research report on Friday. Raymond James boosted their price target on VMware from $174.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group boosted their price target on VMware from $186.00 to $196.00 and gave the stock a “buy” rating in a research report on Friday. Maxim Group reiterated a “hold” rating and set a $155.00 price target (up previously from $150.00) on shares of VMware in a research report on Friday. Finally, Royal Bank of Canada boosted their price target on VMware to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $167.81.

Shares of VMW stock opened at $167.34 on Friday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.41. VMware has a 1 year low of $108.46 and a 1 year high of $168.42. The firm has a market cap of $66.00 billion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 2.58 and a beta of 0.72.

VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, November 29th. The virtualization software provider reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.42. VMware had a return on equity of 20.49% and a net margin of 17.03%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. Equities analysts expect that VMware will post 4.72 EPS for the current year.

In other news, COO Rajiv Ramaswami sold 12,345 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $143.73, for a total value of $1,774,346.85. Following the sale, the chief operating officer now owns 218,011 shares of the company’s stock, valued at approximately $31,334,721.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick P. Gelsinger sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $152.13, for a total value of $3,803,250.00. Following the completion of the sale, the chief executive officer now directly owns 411,923 shares in the company, valued at approximately $62,665,845.99. The disclosure for this sale can be found here. Insiders sold a total of 78,608 shares of company stock worth $11,852,164 in the last three months. Company insiders own 29.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of VMware during the second quarter worth $570,000. Alps Advisors Inc. acquired a new stake in shares of VMware during the second quarter worth $564,000. BB&T Corp raised its position in shares of VMware by 13.5% during the second quarter. BB&T Corp now owns 4,170 shares of the virtualization software provider’s stock worth $613,000 after purchasing an additional 496 shares during the period. Aperio Group LLC raised its position in shares of VMware by 6.8% during the second quarter. Aperio Group LLC now owns 80,485 shares of the virtualization software provider’s stock worth $11,829,000 after purchasing an additional 5,093 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of VMware by 4.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 238,286 shares of the virtualization software provider’s stock worth $35,021,000 after purchasing an additional 10,978 shares during the period. 19.93% of the stock is currently owned by institutional investors.

VMware Company Profile

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

Further Reading: Leveraged Buyout (LBO) Explained

Analyst Recommendations for VMware (NYSE:VMW)

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