VMware Inc. (VMW) Sees Unusually-High Trading Volume
VMware Inc. (NYSE:VMW) shares saw unusually-high trading volume on Thursday . Approximately 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.
VMW has been the topic of a number of research reports. Zacks Investment Research raised shares of VMware from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, April 22nd. Jefferies Group reissued a “buy” rating and set a $83.00 target price on shares of VMware in a report on Wednesday, July 6th. Cowen and Company cut shares of VMware from an “outperform” rating to a “market perform” rating and set a $61.00 target price on the stock. in a report on Tuesday, May 24th. Drexel Hamilton reissued a “buy” rating and set a $77.00 target price on shares of VMware in a report on Tuesday, May 17th. Finally, TheStreet upgraded shares of VMware to a “buy” rating in a research report on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $76.81.
The company has a 50-day moving average of $67.64 and a 200 day moving average of $57.59. The stock has a market capitalization of $30.91 billion and a PE ratio of 29.35.
VMware (NYSE:VMW) last released its earnings results on Monday, July 18th. The virtualization software provider reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.02. The firm earned $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. Equities analysts predict that VMware Inc. will post $4.29 EPS for the current year.
In other VMware news, insider P. Kevan Krysler sold 6,988 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $72.40, for a total value of $505,931.20. Following the sale, the insider now owns 78,654 shares in the company, valued at approximately $5,694,549.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sanjay Poonen sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $60.08, for a total value of $330,440.00. Following the completion of the sale, the executive vice president now owns 160,257 shares in the company, valued at approximately $9,628,240.56. The disclosure for this sale can be found here.
A number of large investors have recently added to or reduced their stakes in the stock. Andra AP fonden boosted its stake 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 last quarter. Stephens Inc. AR boosted 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 in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of VMware by 225.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 228,825 shares of the virtualization software provider’s stock worth $12,945,000 after buying an additional 158,419 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 in the last quarter. Finally, KBC Group NV boosted its stake in shares of VMware by 882.0% in the fourth quarter. KBC Group NV now owns 323,702 shares of the virtualization software provider’s stock worth $18,312,000 after buying an additional 290,740 shares in 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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