VMware Inc. (NYSE:VMW)‘s stock had its “equal weight” rating reissued by stock analysts at Pacific Crest in a research note issued on Monday.
VMW has been the topic of several other research reports. Maxim Group raised their target price on shares of VMware from $68.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, July 19th. Citigroup Inc. lowered shares of VMware from a “buy” rating to a “neutral” rating and reduced their target price for the company from $99.00 to $79.00 in a research note on Tuesday, July 26th. Jefferies Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of VMware in a research note on Wednesday, July 6th. Morgan Stanley started coverage on shares of VMware in a research note on Monday, July 25th. They issued an “overweight” rating and a $86.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of VMware in a research note on Monday, September 12th. One analyst has rated the stock with a sell rating, twenty-seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $75.64.
Shares of VMware (NYSE:VMW) opened at 73.13 on Monday. The stock has a 50 day moving average of $73.38 and a 200 day moving average of $64.89. VMware has a 52-week low of $43.25 and a 52-week high of $76.99. The company has a market cap of $31.04 billion, a P/E ratio of 29.46 and a beta of 1.24.
In other news, insider P. Kevan Krysler sold 6,988 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $72.40, for a total transaction of $505,931.20. Following the transaction, the insider now directly owns 78,654 shares in the company, valued at approximately $5,694,549.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP S. Dawn Smith sold 632 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $76.40, for a total value of $48,284.80. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Dodge & Cox boosted its position in shares of VMware by 227.2% in the first quarter. Dodge & Cox now owns 9,164,491 shares of the virtualization software provider’s stock valued at $479,395,000 after buying an additional 6,363,556 shares in the last quarter. Paulson & CO. Inc. bought a new position in shares of VMware during the second quarter valued at $112,844,000. Renaissance Technologies LLC boosted its position in shares of VMware by 76.3% in the first quarter. Renaissance Technologies LLC now owns 2,285,300 shares of the virtualization software provider’s stock valued at $119,544,000 after buying an additional 989,100 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of VMware during the second quarter valued at $51,017,000. Finally, Sirios Capital Management L P bought a new position in shares of VMware during the second quarter valued at $37,115,000. Institutional investors and hedge funds own 22.02% of the company’s stock.
VMware, Inc is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC).
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