VMware, Inc. (NYSE:VMW) gapped down prior to trading on Tuesday . The stock had previously closed at $112.73, but opened at $116.40. VMware shares last traded at $115.01, with a volume of 1910206 shares trading hands.

VMW has been the subject of a number of research reports. Cowen raised shares of VMware from a “market perform” rating to an “outperform” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of VMware from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Barclays reaffirmed a “buy” rating on shares of VMware in a report on Friday, November 10th. KeyCorp raised shares of VMware from a “sector weight” rating to an “overweight” rating and set a $142.00 target price for the company in a report on Monday, December 18th. Finally, Royal Bank of Canada upped their target price on shares of VMware to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. VMware presently has a consensus rating of “Buy” and an average price target of $130.00.

The company has a debt-to-equity ratio of 0.51, a current ratio of 2.86 and a quick ratio of 2.86. The company has a market cap of $46,586.63, a PE ratio of 32.44, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81.

VMware (NYSE:VMW) last issued its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. VMware had a net margin of 18.97% and a return on equity of 18.57%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. sell-side analysts expect that VMware, Inc. will post 3.77 earnings per share for the current fiscal year.

In other VMware news, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $120.40, for a total transaction of $2,815,072.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Sanjay Poonen sold 2,764 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $118.50, for a total transaction of $327,534.00. Following the transaction, the chief operating officer now owns 189,391 shares in the company, valued at $22,442,833.50. The disclosure for this sale can be found here. Insiders have sold 38,726 shares of company stock worth $4,774,927 over the last 90 days. 34.40% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of VMW. ProShare Advisors LLC acquired a new position in VMware during the second quarter worth about $223,000. PNC Financial Services Group Inc. grew its position in shares of VMware by 3.2% in the second quarter. PNC Financial Services Group Inc. now owns 8,638 shares of the virtualization software provider’s stock valued at $754,000 after purchasing an additional 266 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of VMware by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 89,919 shares of the virtualization software provider’s stock valued at $7,862,000 after purchasing an additional 796 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of VMware in the second quarter valued at approximately $764,000. Finally, Macquarie Group Ltd. grew its position in shares of VMware by 44.9% in the second quarter. Macquarie Group Ltd. now owns 10,000 shares of the virtualization software provider’s stock valued at $874,000 after purchasing an additional 3,100 shares during the last quarter. Institutional investors own 22.45% of the company’s stock.

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VMware Company Profile

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).

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