VMware, Inc. (NYSE:VMW) COO Rangarajan (Raghu) Raghuram sold 36,311 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $170.24, for a total transaction of $6,181,584.64. Following the sale, the chief operating officer now directly owns 304,104 shares of the company’s stock, valued at approximately $51,770,664.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSE:VMW opened at $179.26 on Friday. The company has a market capitalization of $73.41 billion, a PE ratio of 36.36, a P/E/G ratio of 2.76 and a beta of 0.76. VMware, Inc. has a twelve month low of $117.61 and a twelve month high of $183.40. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.39.

VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, February 28th. The virtualization software provider reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.10. VMware had a net margin of 26.99% and a return on equity of 19.46%. During the same period last year, the company posted $1.68 earnings per share. Equities analysts forecast that VMware, Inc. will post 4.94 earnings per share for the current year.

A number of equities research analysts recently weighed in on VMW shares. Maxim Group reaffirmed a “hold” rating and set a $155.00 price objective (up previously from $150.00) on shares of VMware in a research report on Friday, November 30th. Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of VMware in a research report on Friday, November 30th. Jefferies Financial Group upped their target price on shares of VMware from $186.00 to $196.00 and gave the stock a “buy” rating in a research report on Friday, November 30th. Raymond James upped their target price on shares of VMware from $174.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, November 30th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $145.00 target price (up previously from $142.00) on shares of VMware in a research report on Friday, November 30th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. VMware has an average rating of “Hold” and a consensus price target of $179.61.

Several large investors have recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of VMware by 1.6% in the 4th quarter. American Century Companies Inc. now owns 419,192 shares of the virtualization software provider’s stock worth $57,484,000 after acquiring an additional 6,443 shares during the period. Norges Bank acquired a new stake in shares of VMware in the 4th quarter worth approximately $84,157,000. Dimensional Fund Advisors LP lifted its stake in shares of VMware by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 106,875 shares of the virtualization software provider’s stock worth $14,674,000 after acquiring an additional 1,364 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of VMware by 1.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 14,138 shares of the virtualization software provider’s stock worth $1,939,000 after acquiring an additional 187 shares during the period. Finally, FMR LLC lifted its stake in shares of VMware by 398.9% in the 4th quarter. FMR LLC now owns 136,053 shares of the virtualization software provider’s stock worth $18,657,000 after acquiring an additional 108,780 shares during the period. 17.82% of the stock is owned by institutional investors.

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About VMware

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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