Investors bought shares of VMware, Inc. (NYSE:VMW) on weakness during trading on Thursday. $87.27 million flowed into the stock on the tick-up and $55.71 million flowed out of the stock on the tick-down, for a money net flow of $31.56 million into the stock. Of all equities tracked, VMware had the 4th highest net in-flow for the day. VMware traded down ($0.80) for the day and closed at $123.62
A number of brokerages recently weighed in on VMW. Gabelli cut shares of VMware from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. They noted that the move was a valuation call. Deutsche Bank reiterated a “buy” rating and set a $145.00 price target on shares of VMware in a research note on Friday, December 1st. Zacks Investment Research cut shares of VMware from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. CIBC increased their price target on shares of VMware from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st. Finally, Cowen restated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of VMware in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. VMware has an average rating of “Buy” and a consensus price target of $130.00.
The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $49,835.92, a price-to-earnings ratio of 33.50, a PEG ratio of 2.57 and a beta of 0.81.
In other news, COO Sanjay Poonen sold 2,764 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $118.50, for a total value of $327,534.00. Following the completion of the transaction, the chief operating officer now owns 189,391 shares in the company, valued at approximately $22,442,833.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Rangarajan (Raghu) Raghuram sold 23,381 shares of the 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 disclosure for this sale can be found here. Insiders sold a total of 38,726 shares of company stock valued at $4,774,927 in the last quarter. Insiders own 34.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of VMW. Global Trust Asset Management LLC acquired a new stake in VMware in the 4th quarter valued at about $138,000. Bronfman E.L. Rothschild L.P. grew its stake in VMware by 1,643.8% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock valued at $139,000 after acquiring an additional 1,200 shares during the last quarter. Enterprise Financial Services Corp grew its stake in VMware by 3,975.6% in the 3rd quarter. Enterprise Financial Services Corp now owns 1,671 shares of the virtualization software provider’s stock valued at $182,000 after acquiring an additional 1,630 shares during the last quarter. Bank of Hawaii acquired a new stake in VMware in the 4th quarter valued at about $202,000. Finally, Cadence Capital Management LLC acquired a new stake in VMware in the 3rd quarter valued at about $204,000. 21.86% of the stock is currently owned by hedge funds and other institutional investors.
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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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