Maxim Group reaffirmed their hold rating on shares of VMware (NYSE:VMW) in a research note released on Friday morning, MarketBeat.com reports. The firm currently has a $155.00 target price on the virtualization software provider’s stock, up from their previous target price of $150.00.
A number of other analysts also recently commented on VMW. Royal Bank of Canada increased their price objective on shares of VMware to $180.00 and gave the company an outperform rating in a report on Friday, August 24th. Stifel Nicolaus increased their price objective on shares of VMware from $122.00 to $142.00 and gave the company a hold rating in a report on Friday, August 24th. Zacks Investment Research upgraded shares of VMware from a sell rating to a hold rating in a report on Tuesday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of VMware from $150.00 to $165.00 and gave the company an overweight rating in a report on Friday, August 24th. Finally, William Blair reiterated an outperform rating on shares of VMware in a report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. VMware currently has a consensus rating of Buy and a consensus target price of $167.81.
VMW stock opened at $163.63 on Friday. The stock has a market capitalization of $68.40 billion, a price-to-earnings ratio of 42.39, a price-to-earnings-growth ratio of 2.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.01 and a quick ratio of 3.01. VMware has a 12 month low of $108.46 and a 12 month high of $168.89.
In other news, VP Amy Fliegelman Olli sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $152.77, for a total transaction of $229,155.00. Following the completion of the sale, the vice president now owns 30,930 shares in the company, valued at approximately $4,725,176.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Rajiv Ramaswami sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $160.00, for a total transaction of $960,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 53,608 shares of company stock valued at $8,048,914 in the last 90 days. Insiders own 29.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in VMW. TLP Group LLC acquired a new stake in shares of VMware during the 3rd quarter worth approximately $118,000. Moneta Group Investment Advisors LLC increased its holdings in shares of VMware by 217.5% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,000 shares of the virtualization software provider’s stock worth $147,000 after buying an additional 685 shares during the last quarter. Signet Financial Management LLC purchased a new position in shares of VMware during the 2nd quarter worth approximately $151,000. Tower Research Capital LLC TRC purchased a new position in shares of VMware during the 3rd quarter worth approximately $181,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of VMware during the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 18.57% of the company’s stock.
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.
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