MKM Partners reaffirmed their buy rating on shares of VMware, Inc. (NYSE:VMW) in a research report sent to investors on Thursday morning. The firm currently has a $110.00 target price on the virtualization software provider’s stock, up from their prior target price of $100.00.
Several other equities analysts have also weighed in on the company. BTIG Research started coverage on VMware in a research note on Monday, April 17th. They issued a neutral rating on the stock. Zacks Investment Research raised VMware from a hold rating to a buy rating and set a $103.00 price objective on the stock in a research note on Monday, April 3rd. Deutsche Bank AG lifted their price objective on VMware from $85.00 to $90.00 and gave the company a hold rating in a research note on Tuesday, April 11th. Drexel Hamilton reissued a buy rating and set a $105.00 price target on shares of VMware in a research report on Thursday, April 6th. Finally, Royal Bank of Canada reissued a buy rating and set a $97.00 price target on shares of VMware in a research report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the stock. VMware currently has an average rating of Hold and a consensus price target of $92.90.
Shares of VMware (NYSE:VMW) opened at 91.90 on Thursday. The stock has a market capitalization of $37.55 billion, a price-to-earnings ratio of 33.08 and a beta of 0.97. VMware has a 1-year low of $55.12 and a 1-year high of $98.00. The company’s 50 day moving average is $93.93 and its 200-day moving average is $88.15.
VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.71 billion. VMware had a return on equity of 16.31% and a net margin of 16.72%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. Equities analysts anticipate that VMware will post $4.92 earnings per share for the current fiscal year.
In other VMware news, Director Egon Durban sold 666,354 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $89.14, for a total transaction of $59,398,795.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by corporate insiders. A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Architects Inc acquired a new position in shares of VMware during the first quarter worth about $140,000. Advantage Investment Management LLC acquired a new position in shares of VMware during the first quarter worth about $139,000. Oppenheimer Asset Management Inc. acquired a new position in shares of VMware during the first quarter worth about $141,000. Penserra Capital Management LLC raised its position in shares of VMware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock worth $169,000 after buying an additional 160 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of VMware by 34.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,887 shares of the virtualization software provider’s stock worth $149,000 after buying an additional 483 shares during the period. Institutional investors own 21.88% of the company’s stock.
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