VMware (VMW) Given Hold Rating at Maxim Group

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.

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

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.

About VMware

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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