Traders sold shares of VMware, Inc. (NYSE:VMW) on strength during trading on Tuesday. $52.51 million flowed into the stock on the tick-up and $75.14 million flowed out of the stock on the tick-down, for a money net flow of $22.63 million out of the stock. Of all stocks tracked, VMware had the 0th highest net out-flow for the day. VMware traded up $0.19 for the day and closed at $128.85
VMW has been the topic of several recent analyst reports. Deutsche Bank lifted their target price on VMware from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Cowen upgraded VMware from a “market perform” rating to an “outperform” rating in a report on Thursday, January 11th. Barclays reiterated a “buy” rating on shares of VMware in a report on Friday, November 10th. Nomura assumed coverage on VMware in a report on Tuesday, January 23rd. They set a “reduce” rating and a $108.00 target price on the stock. Finally, KeyCorp raised VMware from a “sector weight” rating to an “overweight” rating and set a $142.00 price target on the stock in a research note on Monday, December 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company. VMware currently has a consensus rating of “Buy” and a consensus price target of $129.81.
The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86. The company has a market capitalization of $51,944.33, a PE ratio of 36.89, a PEG ratio of 2.67 and a beta of 0.81.
In other VMware news, EVP Maurizio Carli sold 2,581 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $129.88, for a total transaction of $335,220.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Sanjay Poonen sold 2,764 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $118.50, for a total value of $327,534.00. Following the transaction, the chief operating officer now directly owns 189,391 shares in the company, valued at approximately $22,442,833.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,726 shares of company stock worth $4,774,927. Company insiders own 34.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in VMW. Coatue Management LLC acquired a new position in VMware during the fourth quarter worth approximately $156,584,000. Allianz Asset Management GmbH boosted its holdings in shares of VMware by 3,351.4% during the fourth quarter. Allianz Asset Management GmbH now owns 541,010 shares of the virtualization software provider’s stock worth $67,799,000 after acquiring an additional 525,335 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of VMware by 19.9% during the fourth quarter. Renaissance Technologies LLC now owns 2,656,100 shares of the virtualization software provider’s stock worth $332,862,000 after acquiring an additional 441,500 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of VMware by 4,589.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 415,050 shares of the virtualization software provider’s stock worth $52,014,000 after acquiring an additional 406,200 shares during the period. Finally, Fred Alger Management Inc. boosted its holdings in shares of VMware by 54,509.5% during the fourth quarter. Fred Alger Management Inc. now owns 356,054 shares of the virtualization software provider’s stock worth $44,621,000 after acquiring an additional 355,402 shares during the period. 21.60% of the stock is currently owned by hedge funds and other institutional investors.
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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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