The stock of Vmware Inc. (NYSE:VMW) last traded at $150.91, up 0.40% from the previous session.
VMW stock price is now -8.45% away from the 50-day moving average and 8.49% away from the 200-day moving average. The market capitalization of the company currently stands at $65.16B.
In other news, Brulard Jean Pierre, EVP, Worldwide Sales sold 5,779 shares of the company’s stock on Oct 16. The stock was sold for $1,030,338 at an average price of $178.29. Upon completion of the transaction, the EVP, Worldwide Sales now directly owns 71,053 shares in the company, valued at $10.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 13, EVP, Worldwide Sales Brulard Jean Pierre sold 4,966 shares of the business’s stock. A total of $879,479 was realized by selling the stock at an average price of $177.10. This leaves the insider owning 76,832 shares of the company worth $11.59 million. Insiders disposed of 307,343 shares of company stock worth roughly $46.38 million over the past 1 year. A total of 49.20% 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 ANTIPODES PARTNERS LTD during the first quarter worth $72,490,000. TIG ADVISORS, LLC invested $71,719,000 in shares of VMW during the first quarter. In the first quarter, MASON CAPITAL MANAGEMENT LLC acquired a new stake in Vmware Inc. valued at approximately $58,431,000. SENATOR INVESTMENT GROUP LP acquired a new stake in VMW for approximately $45,273,000. KRYGER CAPITAL LTD purchased a new stake in VMW valued at around $14,835,000 in the second quarter. In total, there are 1,201 active investors with 37.82% ownership of the company’s stock.
With an opening price of $151.51 on Friday morning, Vmware Inc. (NYSE: VMW) set off the trading day. During the past 12 months, Vmware Inc. has had a low of $107.37 and a high of $181.14. As of last week, the company has a debt-to-equity ratio of 4.49, a current ratio of 0.87, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $69.59B, which is based on a 45.60 price-to-earnings ratio, a 4.21 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for VMW is $164.73 and a two-hundred day moving average price translates $139.24 for the stock.
The latest earnings results from Vmware Inc. (NYSE: VMW) was released for Aug, 2023. According to the Software – Infrastructure Company, earnings per share came in at $1.83, beating analysts’ expectations of $1.71 by 0.12. This compares to $0.82 EPS in the same period last year. The net profit margin was 10.48% and return on equity was 106.14% for VMW. The company reported revenue of $3.41 billion for the quarter, compared to $3.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.16 percent. For the current quarter, analysts expect VMW to generate $3.42B 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 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; and vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with VMware Aria Cloud Management into an integrated stack that delivers 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, HCX, and VMware SASE; security solutions consisting of VMware Carbon Black Endpoint, Workload, and Container; and anywhere workspace solutions comprising Workspace ONE Unified Endpoint Management, Access, Intelligent Hub, Horizon, Mobile Threat Defence, and Digital Employee Experience Management. In addition, it offers application modernization solutions, such as Tanzu Application and Operations Platform, Tanzu Application Service, Tanzu Data Suite, and Tanzu Labs; and cloud management solutions, including VMware Aria Cloud Management, VMware Aria Suite, VMware Aria Universal Suite, and vCloud Suite. The company sells its products through distributors, resellers, system vendors, systems integrators, and contractors. VMware, Inc. has a strategic alliance with Amazon Web Services to build and deliver an integrated hybrid solution. VMware, Inc. was incorporated in 1998 and is headquartered in Palo Alto, California.
