VMware, Inc. (NYSE:VMW) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 7,730,000 shares, a decrease of 6.0% from the September 30th total of 8,220,000 shares. Based on an average trading volume of 1,480,000 shares, the short-interest ratio is currently 5.2 days. Currently, 10.2% of the shares of the company are short sold.
Shares of VMW traded up $4.49 during trading hours on Tuesday, hitting $171.85. 29,033 shares of the company were exchanged, compared to its average volume of 729,475. The company has a market cap of $69.59 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 2.57 and a beta of 0.92. VMware has a fifty-two week low of $128.69 and a fifty-two week high of $206.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.93. The firm’s fifty day moving average is $157.85 and its 200 day moving average is $166.02.
VMware (NYSE:VMW) last issued its quarterly earnings data on Thursday, August 22nd. The virtualization software provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.45. VMware had a return on equity of 47.55% and a net margin of 66.00%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period last year, the company earned $1.54 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. Analysts anticipate that VMware will post 4.87 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of VMW. Amundi Pioneer Asset Management Inc. boosted its position in shares of VMware by 51.6% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 56,248 shares of the virtualization software provider’s stock valued at $10,153,000 after buying an additional 19,154 shares during the period. DNB Asset Management AS lifted its position in shares of VMware by 34.6% in the second quarter. DNB Asset Management AS now owns 31,564 shares of the virtualization software provider’s stock worth $5,278,000 after purchasing an additional 8,109 shares in the last quarter. Denali Advisors LLC purchased a new stake in shares of VMware in the second quarter worth approximately $3,896,000. WINTON GROUP Ltd lifted its position in shares of VMware by 97.5% in the second quarter. WINTON GROUP Ltd now owns 8,813 shares of the virtualization software provider’s stock worth $1,474,000 after purchasing an additional 4,350 shares in the last quarter. Finally, Zions Bancorporation N.A. lifted its position in shares of VMware by 48.0% in the second quarter. Zions Bancorporation N.A. now owns 1,008 shares of the virtualization software provider’s stock worth $169,000 after purchasing an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 17.64% of the company’s stock.
A number of research analysts have commented on VMW shares. Royal Bank of Canada decreased their price objective on VMware from $210.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Morgan Stanley decreased their price objective on VMware from $188.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. Maxim Group reaffirmed a “hold” rating on shares of VMware in a report on Friday, August 23rd. Barclays set a $186.00 price objective on VMware and gave the company a “buy” rating in a report on Friday, November 1st. Finally, TheStreet raised VMware from a “d+” rating to a “b-” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. VMware currently has a consensus rating of “Hold” and an average target price of $173.50.
VMware Company Profile
VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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