VMware Inc. (VMW) Sees Unusually-High Trading Volume
VMware Inc. (NYSE:VMW) saw an uptick in trading volume on Thursday . 2,285,460 shares changed hands during trading, an increase of 13% from the previous session’s volume of 2,027,195 shares.The stock last traded at $71.77 and had previously closed at $70.41.
A number of research firms have commented on VMW. Pacific Crest reissued a “hold” rating on shares of VMware in a research note on Sunday, May 22nd. SunTrust Banks Inc. reissued a “neutral” rating and issued a $58.00 price target on shares of VMware in a research note on Thursday, May 5th. TheStreet raised shares of VMware to a “buy” rating in a research note on Thursday, May 26th. Cowen and Company reissued a “buy” rating on shares of VMware in a research note on Wednesday, April 20th. Finally, Vetr cut shares of VMware from a “buy” rating to a “hold” rating and set a $63.40 price target for the company. in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and twelve have issued a buy rating to the stock. VMware presently has a consensus rating of “Hold” and a consensus price target of $76.81.
The stock has a market cap of $30.58 billion and a P/E ratio of 29.03. The company has a 50 day moving average price of $67.19 and a 200-day moving average price of $57.39.
VMware (NYSE:VMW) last posted its earnings results on Monday, July 18th. The virtualization software provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.02. The company earned $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the firm earned $0.93 EPS. VMware’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts forecast that VMware Inc. will post $4.29 earnings per share for the current year.
In other VMware news, EVP Sanjay Poonen sold 5,500 shares of VMware stock in a transaction dated 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 $9,628,240.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider P. Kevan Krysler sold 6,988 shares of VMware stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $72.40, for a total value of $505,931.20. Following the completion of the transaction, the insider now owns 78,654 shares in the company, valued at approximately $5,694,549.60. The disclosure for this sale can be found here.
A number of institutional investors recently bought and sold shares of VMW. Andra AP fonden raised its position in VMware by 36.8% in the fourth quarter. Andra AP fonden now owns 18,600 shares of the virtualization software provider’s stock valued at $1,052,000 after buying an additional 5,000 shares during the period. Stephens Inc. AR raised its stake in shares of VMware by 9.8% in the fourth quarter. Stephens Inc. AR now owns 25,747 shares of the virtualization software provider’s stock worth $1,457,000 after buying an additional 2,302 shares during the last quarter. Trexquant Investment LP raised its stake in shares of VMware by 15.9% in the fourth quarter. Trexquant Investment LP now owns 47,065 shares of the virtualization software provider’s stock worth $2,662,000 after buying an additional 6,465 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of VMware by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 68,526 shares of the virtualization software provider’s stock worth $3,877,000 after buying an additional 5,831 shares during the last quarter. Finally, Airain ltd raised its stake in shares of VMware by 298.3% in the fourth quarter. Airain ltd now owns 72,158 shares of the virtualization software provider’s stock worth $4,082,000 after buying an additional 54,040 shares during the last quarter.
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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