Robert W. Baird reaffirmed their buy rating on shares of Vmware, Inc. (NYSE:VMW) in a research report report published on Tuesday morning. The brokerage currently has a $125.00 target price on the virtualization software provider’s stock.

A number of other research analysts have also issued reports on VMW. BMO Capital Markets boosted their price target on shares of Vmware from $105.00 to $110.00 and gave the stock a market perform rating in a research note on Tuesday, August 15th. Citigroup Inc. boosted their price target on shares of Vmware from $120.00 to $124.00 and gave the stock a buy rating in a research note on Friday, August 11th. Mizuho boosted their price target on shares of Vmware from $90.00 to $95.00 and gave the stock a neutral rating in a research note on Monday, August 14th. Deutsche Bank AG boosted their price target on shares of Vmware from $100.00 to $110.00 and gave the stock a hold rating in a research note on Tuesday, August 15th. Finally, BidaskClub upgraded shares of Vmware from a hold rating to a buy rating in a research note on Saturday, August 19th. Thirteen analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $112.00.

Vmware (NYSE:VMW) opened at 110.25 on Tuesday. Vmware has a 12 month low of $72.05 and a 12 month high of $111.61. The company has a market cap of $45.09 billion, a price-to-earnings ratio of 39.69 and a beta of 0.74. The stock has a 50 day moving average price of $100.28 and a 200 day moving average price of $93.70.

Vmware (NYSE:VMW) last posted its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the business posted $0.97 earnings per share. Vmware’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts anticipate that Vmware will post $5.06 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Vmware’s (VMW) “Buy” Rating Reiterated at Robert W. Baird” was first published by Daily Political and is the property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/09/15/vmwares-vmw-buy-rating-reiterated-at-robert-w-baird.html.

Vmware declared that its Board of Directors has approved a stock repurchase program on Monday, August 14th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the virtualization software provider to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In related news, COO Rajiv Ramaswami sold 20,457 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $87.84, for a total transaction of $1,796,942.88. Following the completion of the transaction, the chief operating officer now owns 313,721 shares of the company’s stock, valued at $27,557,252.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Sanjay Poonen sold 1,134 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $106.51, for a total transaction of $120,782.34. Following the transaction, the chief operating officer now directly owns 192,774 shares of the company’s stock, valued at approximately $20,532,358.74. The disclosure for this sale can be found here. Insiders have sold 41,342 shares of company stock valued at $4,045,490 in the last ninety days. 0.52% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. increased its position in Vmware by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,299 shares of the virtualization software provider’s stock worth $463,000 after purchasing an additional 14 shares during the last quarter. Federated Investors Inc. PA increased its position in Vmware by 0.4% during the second quarter. Federated Investors Inc. PA now owns 15,323 shares of the virtualization software provider’s stock worth $1,339,000 after purchasing an additional 66 shares during the last quarter. Capstone Asset Management Co. increased its position in Vmware by 2.4% during the second quarter. Capstone Asset Management Co. now owns 3,829 shares of the virtualization software provider’s stock worth $335,000 after purchasing an additional 90 shares during the last quarter. Laurion Capital Management LP increased its position in Vmware by 2.8% during the second quarter. Laurion Capital Management LP now owns 3,700 shares of the virtualization software provider’s stock worth $323,000 after purchasing an additional 100 shares during the last quarter. Finally, CFO4Life Group LLC increased its position in Vmware by 2.2% during the second quarter. CFO4Life Group LLC now owns 5,644 shares of the virtualization software provider’s stock worth $493,000 after purchasing an additional 121 shares during the last quarter. 21.81% of the stock is owned by hedge funds and other institutional investors.

About Vmware

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).

Analyst Recommendations for Vmware (NYSE:VMW)

Receive News & Ratings for Vmware Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vmware Inc. and related companies with MarketBeat.com's FREE daily email newsletter.