Sanjay Poonen Sells 50,000 Shares of VMware, Inc. (VMW) Stock

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VMware, Inc. (NYSE:VMW) COO Sanjay Poonen sold 50,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $182.60, for a total value of $9,130,000.00. Following the sale, the chief operating officer now directly owns 308,556 shares of the company’s stock, valued at $56,342,325.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Sanjay Poonen also recently made the following trade(s):

  • On Wednesday, January 9th, Sanjay Poonen sold 16,135 shares of VMware stock. The stock was sold at an average price of $147.88, for a total value of $2,386,043.80.

VMW opened at $188.24 on Friday. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $75.24 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 2.89 and a beta of 0.76. VMware, Inc. has a 12 month low of $117.61 and a 12 month high of $188.51.

VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, February 28th. The virtualization software provider reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.10. VMware had a return on equity of 19.46% and a net margin of 26.99%. During the same period in the prior year, the company posted $1.68 earnings per share. As a group, research analysts forecast that VMware, Inc. will post 4.94 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VMW. Cambridge Investment Research Advisors Inc. increased its stake in VMware by 19.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,501 shares of the virtualization software provider’s stock valued at $1,015,000 after purchasing an additional 1,057 shares in the last quarter. WINTON GROUP Ltd increased its stake in VMware by 41.5% in the 3rd quarter. WINTON GROUP Ltd now owns 2,939 shares of the virtualization software provider’s stock valued at $459,000 after purchasing an additional 862 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in VMware in the 3rd quarter valued at approximately $202,000. Commonwealth Equity Services LLC increased its stake in VMware by 18.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,740 shares of the virtualization software provider’s stock valued at $1,051,000 after purchasing an additional 1,063 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in VMware by 2.8% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 245,062 shares of the virtualization software provider’s stock valued at $38,244,000 after purchasing an additional 6,776 shares in the last quarter. 17.77% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on VMW. Mizuho began coverage on VMware in a research report on Wednesday, March 13th. They set a “neutral” rating and a $160.00 price objective for the company. Goldman Sachs Group cut VMware from a “neutral” rating to a “sell” rating and set a $177.00 price objective for the company. in a research report on Wednesday, March 6th. Nomura set a $130.00 price objective on VMware and gave the stock a “sell” rating in a research report on Friday, March 1st. Barclays increased their price objective on VMware from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, Raymond James increased their price objective on VMware from $163.00 to $196.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. VMware presently has an average rating of “Hold” and an average price target of $179.61.

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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.

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Insider Buying and Selling by Quarter for VMware (NYSE:VMW)

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