Shares of VMware Inc. (NYSE:VMW) gapped up before the market opened on Monday . The stock had previously closed at $71.39, but opened at $71.55. VMware shares last traded at $72.44, with a volume of 1,549,031 shares trading hands.

VMW has been the subject of several analyst reports. Raymond James Financial Inc. upped their price target on shares of VMware from $98.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, March 28th. Zacks Investment Research upgraded shares of VMware from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Friday, April 22nd. Royal Bank Of Canada increased their target price on shares of VMware from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, March 28th. Robert W. Baird increased their target price on shares of VMware from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, March 28th. Finally, Cowen and Company reiterated a “buy” rating on shares of VMware in a report on Wednesday, April 20th. One research analyst has rated the stock with a sell rating, twenty-six have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $76.00.

The firm has a 50 day moving average of $61.80 and a 200 day moving average of $54.72. The firm has a market capitalization of $30.85 billion and a PE ratio of 29.19.

VMware (NYSE:VMW) last issued its quarterly earnings data on Monday, July 18th. The virtualization software provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. During the same period in the prior year, the firm posted $0.93 earnings per share. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts expect that VMware Inc. will post $4.29 earnings per share for the current fiscal year.

In other news, EVP Sanjay Poonen sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $60.08, for a total value of $330,440.00. Following the transaction, the executive vice president now owns 160,257 shares in the company, valued at approximately $9,628,240.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP S. Dawn Smith sold 6,910 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $59.45, for a total value of $410,799.50. Following the completion of the transaction, the vice president now owns 57,209 shares in the company, valued at approximately $3,401,075.05. The disclosure for this sale can be found here.

Several institutional investors have made changes to their positions in VMW. Sei Investments Co. increased its position in shares of VMware by 53,566.1% in the fourth quarter. Sei Investments Co. now owns 30,053 shares of the virtualization software provider’s stock worth $1,700,000 after buying an additional 29,997 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. increased its position in shares of VMware by 1.8% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 132,727 shares of the virtualization software provider’s stock worth $7,569,000 after buying an additional 2,336 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of VMware by 306.9% in the fourth quarter. GSA Capital Partners LLP now owns 32,991 shares of the virtualization software provider’s stock worth $1,866,000 after buying an additional 24,883 shares during the last quarter. Andra AP fonden increased its position in shares of VMware by 36.8% in the fourth quarter. Andra AP fonden now owns 18,600 shares of the virtualization software provider’s stock worth $1,052,000 after buying an additional 5,000 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of VMware during the fourth quarter worth $33,942,000.

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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