Stocks of VMware Inc. (NYSE:VMW) traded higher last session on Wall Street, down -2.07% to $160.38.
According to the data, VMware Inc. (NYSE:VMW) has 12 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $161.00 and a low of $134.00, we find $139.75. Given the previous closing price of $163.77, this indicates a potential downside of -14.67 percent. VMW stock price is now 16.05% away from the 50-day moving average and 29.64% away from the 200-day moving average. The market capitalization of the company currently stands at $70.48B.
A total of 10 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $141.88 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).
In other news, Brulard Jean Pierre, EVP, Worldwide Sales sold 17,220 shares of the company’s stock on Jul 07. The stock was sold for $2,450,062 at an average price of $142.28. Upon completion of the transaction, the EVP, Worldwide Sales now directly owns 86,685 shares in the company, valued at $13.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 06, EVP, Worldwide Sales Brulard Jean Pierre sold 3,600 shares of the business’s stock. A total of $509,436 was realized by selling the stock at an average price of $141.51. This leaves the insider owning 103,905 shares of the company worth $16.66 million. Insiders disposed of 294,761 shares of company stock worth roughly $47.27 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 OFI INVEST ASSET MANAGEMENT during the first quarter worth $289,519,000. EMPYREAN CAPITAL PARTNERS, LP invested $208,494,000 in shares of VMW during the first quarter. In the first quarter, REDWOOD CAPITAL MANAGEMENT, LLC acquired a new stake in VMware Inc. valued at approximately $39,555,000. PALLISER CAPITAL (UK) LTD acquired a new stake in VMW for approximately $20,288,000. STEAMBOAT CAPITAL PARTNERS, LLC purchased a new stake in VMW valued at around $16,038,000 in the second quarter. In total, there are 1,189 active investors with 49.10% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $164.78 for VMware Inc. (NYSE: VMW). During the past 12 months, VMware Inc. has had a low of $103.55 and a high of $170.00. As of last week, the company has a debt-to-equity ratio of 5.62, a current ratio of 0.80, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $73.74B, which is based on a 52.97 price-to-earnings ratio, a 4.89 price-to-earnings-growth ratio, and a beta of 0.73. The fifty day moving average price for VMW is $138.98 and a two-hundred day moving average price translates $123.97 for the stock.
The latest earnings results from VMware Inc. (NYSE: VMW) was released for May, 2023. According to the Software – Infrastructure Company, earnings per share came in at $1.49, missing analysts’ expectations of $1.56 by -0.07. This compares to $0.57 EPS in the same period last year. The net profit margin was 9.60% and return on equity was 119.30% for VMW. The company reported revenue of $3.28 billion for the quarter, compared to $3.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.12 percent. For the current quarter, analysts expect VMW to generate $3.46B 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.
