Jefferies Group LLC restated their buy rating on shares of VMware, Inc. (NYSE:VMW) in a research note issued to investors on Friday. Jefferies Group LLC currently has a $105.00 price target on the virtualization software provider’s stock.

A number of other research firms have also commented on VMW. William Blair reiterated an outperform rating on shares of VMware in a research note on Wednesday, February 8th. Daiwa Capital Markets upgraded VMware from a hold rating to an outperform rating in a research note on Tuesday, February 7th. Royal Bank of Canada reiterated an outperform rating and issued a $97.00 price objective (up from $90.00) on shares of VMware in a research note on Sunday, January 29th. Maxim Group lifted their price objective on VMware from $83.00 to $92.00 and gave the stock a hold rating in a research note on Monday, January 30th. Finally, Pacific Crest reiterated an equal weight rating on shares of VMware in a research note on Monday, January 30th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $85.25.

VMware (NYSE:VMW) traded up 0.297% on Friday, reaching $92.875. The company’s stock had a trading volume of 569,720 shares. The firm has a market capitalization of $37.95 billion, a PE ratio of 33.432 and a beta of 0.97. The stock’s 50 day moving average is $89.94 and its 200-day moving average is $80.58. VMware has a 52 week low of $49.76 and a 52 week high of $93.00.

VMware (NYSE:VMW) last posted its earnings results on Thursday, January 26th. The virtualization software provider reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.03. VMware had a return on equity of 16.31% and a net margin of 16.72%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the company earned $1.26 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Analysts predict that VMware will post $4.91 EPS for the current year.

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In other news, COO Sanjay Poonen sold 1,889 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $89.04, for a total value of $168,196.56. Following the transaction, the chief operating officer now directly owns 182,569 shares of the company’s stock, valued at approximately $16,255,943.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of VMware by 34.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,887 shares of the virtualization software provider’s stock valued at $149,000 after buying an additional 483 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of VMware by 7.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,452 shares of the virtualization software provider’s stock valued at $193,000 after buying an additional 168 shares during the last quarter. Orinda Asset Management LLC acquired a new position in shares of VMware during the third quarter valued at approximately $197,000. World Asset Management Inc acquired a new position in shares of VMware during the third quarter valued at approximately $238,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of VMware during the fourth quarter valued at approximately $253,000. 21.88% of the stock is currently owned by institutional investors and hedge funds.

VMware Company Profile

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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