VMware (NYSE:VMW) Research Coverage Started at Monness Crespi & Hardt

Research analysts at Monness Crespi & Hardt started coverage on shares of VMware (NYSE:VMW) in a research report issued on Wednesday, April 11th, Marketbeat.com reports. The firm set a “neutral” rating on the virtualization software provider’s stock.

Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of VMware from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Robert W. Baird reissued a “buy” rating and issued a $135.00 target price on shares of VMware in a research note on Tuesday, January 30th. Deutsche Bank lifted their price target on shares of VMware from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Cowen reaffirmed a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of VMware in a research note on Monday, January 29th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $171.00 price target on shares of VMware in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $131.42.

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Shares of VMW stock opened at $135.59 on Wednesday. VMware has a 52 week low of $85.45 and a 52 week high of $165.00. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $53,249.98, a PE ratio of 35.13, a price-to-earnings-growth ratio of 2.38 and a beta of 0.73.



VMware (NYSE:VMW) last issued its earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.06. VMware had a net margin of 7.18% and a return on equity of 19.84%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the firm posted $1.43 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. equities analysts expect that VMware will post 4.53 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Global Trust Asset Management LLC acquired a new position in shares of VMware in the 4th quarter valued at about $138,000. Bank of Hawaii acquired a new position in shares of VMware in the 4th quarter valued at about $202,000. Wedgewood Investors Inc. PA acquired a new position in shares of VMware in the 4th quarter valued at about $207,000. Prospera Financial Services Inc acquired a new position in shares of VMware in the 4th quarter valued at about $209,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of VMware in the 4th quarter valued at about $209,000. 22.43% of the stock is owned by 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).

Analyst Recommendations for VMware (NYSE:VMW)

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