VMware (VMW) PT Raised to $142.00 at Stifel Nicolaus

VMware (NYSE:VMW) had its price target lifted by Stifel Nicolaus from $122.00 to $142.00 in a research note published on Friday, The Fly reports. Stifel Nicolaus currently has a hold rating on the virtualization software provider’s stock.

A number of other research analysts have also recently commented on the company. William Blair reissued an outperform rating on shares of VMware in a research note on Friday. Zacks Investment Research raised VMware from a sell rating to a hold rating in a research note on Tuesday, August 21st. Oppenheimer increased their target price on VMware from $165.00 to $170.00 and gave the company an outperform rating in a research note on Monday, August 13th. Bank of America increased their target price on VMware to $190.00 and gave the company a buy rating in a research note on Monday, July 16th. Finally, Wells Fargo & Co increased their target price on VMware from $135.00 to $155.00 and gave the company a market perform rating in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $149.88.

Shares of VMW stock opened at $150.03 on Friday. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.44. VMware has a 52-week low of $102.03 and a 52-week high of $165.00. The firm has a market capitalization of $61.59 billion, a P/E ratio of 39.37, a price-to-earnings-growth ratio of 2.51 and a beta of 0.53.

VMware (NYSE:VMW) last issued its quarterly earnings data on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. VMware had a return on equity of 21.06% and a net margin of 18.77%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 earnings per share. analysts predict that VMware will post 4.55 EPS for the current year.

In other news, COO Sanjay Poonen sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, July 3rd. The stock was sold at an average price of $160.15, for a total transaction of $3,203,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Zane Rowe sold 7,100 shares of the firm’s stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $156.44, for a total value of $1,110,724.00. Following the transaction, the chief financial officer now directly owns 102,458 shares in the company, valued at $16,028,529.52. The disclosure for this sale can be found here. Insiders have sold 123,739 shares of company stock worth $18,967,729 over the last ninety days. Insiders own 29.90% of the company’s stock.

Several large investors have recently made changes to their positions in VMW. Point72 Asia Hong Kong Ltd bought a new stake in shares of VMware in the first quarter worth about $106,000. Perigon Wealth Management LLC bought a new stake in shares of VMware in the first quarter worth about $121,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of VMware in the first quarter worth about $127,000. Moneta Group Investment Advisors LLC grew its stake in shares of VMware by 217.5% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,000 shares of the virtualization software provider’s stock worth $147,000 after purchasing an additional 685 shares during the last quarter. Finally, Signet Financial Management LLC bought a new stake in shares of VMware in the second quarter worth about $151,000. 20.11% of the stock is currently owned by hedge funds and other institutional investors.

VMware Company Profile

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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