The stock of VMware Inc. (NYSE:VMW) last traded at $121.33, down -0.07% from the previous session.
Data from the available sources indicates that VMware Inc. (NYSE:VMW) is covered by 10 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $142.50 and a low of $131.00, we find $139.25. Given the previous closing price of $121.42, this indicates a potential upside of 14.68 percent. VMW stock price is now 4.66% away from the 50-day moving average and 5.91% away from the 200-day moving average. The market capitalization of the company currently stands at $51.65B.
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In total, 8 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $138.25 as their price target over the next twelve months.
With the price target reduced from $125 to $119, UBS maintained Neutral rating for VMware Inc. (NYSE: VMW). On February 25, 2022, Stifel reiterated its ‘Buy’ rating on the stock by increasing its target price from $160 to quote $135, while ‘Raymond James’ rates the stock as ‘Outperform’.
In other news, Brulard Jean Pierre, EVP, Worldwide Sales sold 6,651 shares of the company’s stock on Dec 22. The stock was sold for $804,838 at an average price of $121.01. Upon completion of the transaction, the EVP, Worldwide Sales now directly owns 69,563 shares in the company, valued at $8.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02, Chief Financial Officer & EVP Rowe Zane sold 17,860 shares of the business’s stock. A total of $2,143,608 was realized by selling the stock at an average price of $120.02. This leaves the insider owning 160,981 shares of the company worth $19.53 million. Insiders disposed of 249,364 shares of company stock worth roughly $30.26 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VMW stock. A new stake in VMware Inc. shares was purchased by ADAGE CAPITAL PARTNERS GP, L.L.C. during the first quarter worth $64,710,000. ANTARA CAPITAL LP invested $60,665,000 in shares of VMW during the first quarter. In the first quarter, GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC acquired a new stake in VMware Inc. valued at approximately $57,740,000. SCULPTOR CAPITAL LP acquired a new stake in VMW for approximately $53,514,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in VMW valued at around $37,125,000 in the second quarter. In total, there are 1,164 active investors with 49.10% ownership of the company’s stock.
With an opening price of $121.11 on Tuesday morning, VMware Inc. (NYSE: VMW) set off the trading day. During the past 12 months, VMware Inc. has had a low of $91.53 and a high of $136.85. As of last week, the company has a debt-to-equity ratio of 13.31, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for VMW is $115.93 and a two-hundred day moving average price translates $114.56 for the stock.
The latest earnings results from VMware Inc. (NYSE: VMW) was released for Jul, 2022. According to the Software – Infrastructure Company, earnings per share came in at $1.64, beating analysts’ expectations of $1.57 by 0.07. This compares to $0.94 EPS in the same period last year. The company reported revenue of $3.21 billion for the quarter, compared to $3.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.72 percent. For the current quarter, analysts expect VMW to generate $3.35B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/01/2021. Investors who held shares on 10/29/2021 were paid a $27.40 dividend.
VMware Inc.(VMW) Company Profile
VMware, Inc. provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds. The company also provides networking solutions, such as VMware NSX, NSX Distributed and Gateway Firewalls, NSX Network Detection and Response Engine, NSX Advanced Load Balancer, Tanzu Service Mesh, and VMware SASE; security solutions consisting of VMware Carbon Black Endpoint, Workload, and Container; and digital workspace solutions comprising Workspace ONE Unified Endpoint Management, Access, Intelligent Hub, and Horizon. In addition, it offers application modernization solutions, such as Tanzu Application and Operations Platform, Tanzu Application Service Platform, Tanzu Observability, Tanzu Community Edition, and Tanzu Labs; and cloud management solutions, including vRealize Cloud Management, vCloud Suite, and CloudHealth by VMware Suite. The company sells its products through distributors, resellers, system vendors, and systems integrators. VMware, Inc. has a strategic alliance with Amazon Web Services to build and deliver an integrated hybrid solution. The company was incorporated in 1998 and is headquartered in Palo Alto, California.
