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.
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.
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).
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