StockNews.com Begins Coverage on VMware (NYSE:VMW)

StockNews.com began coverage on shares of VMware (NYSE:VMW – Get Rating) in a research note published on Thursday. The firm issued a strong-buy rating on the virtualization software provider’s stock.

A number of other equities analysts have also recently commented on VMW. UBS Group lifted their price target on VMware from $131.00 to $147.00 and gave the stock a neutral rating in a report on Tuesday, February 7th. BMO Capital Markets reduced their price target on VMware from $142.50 to $139.00 and set a market perform rating for the company in a report on Monday, March 6th. Seven research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $135.88.

VMware Price Performance

Shares of NYSE VMW opened at $118.27 on Thursday. The stock has a market capitalization of $50.32 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 1.44 and a beta of 0.72. The business has a 50-day moving average of $119.68 and a 200-day moving average of $116.80. The company has a debt-to-equity ratio of 12.02, a current ratio of 0.70 and a quick ratio of 0.70. VMware has a fifty-two week low of $91.53 and a fifty-two week high of $132.15.

Insider Transactions at VMware

In other news, EVP Jean Pierre Brulard sold 6,651 shares of the business’s stock in a transaction that occurred on Thursday, December 22nd. The stock was sold at an average price of $121.01, for a total transaction of $804,837.51. Following the completion of the sale, the executive vice president now owns 69,563 shares in the company, valued at $8,417,818.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 40.30% of the company’s stock.

Institutional Investors Weigh In On VMware

A number of institutional investors have recently made changes to their positions in VMW. Heritage Wealth Management LLC acquired a new stake in shares of VMware in the second quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new stake in shares of VMware in the second quarter valued at approximately $26,000. Accurate Wealth Management LLC acquired a new stake in shares of VMware in the fourth quarter valued at approximately $27,000. Zions Bancorporation N.A. raised its position in shares of VMware by 140.2% in the first quarter. Zions Bancorporation N.A. now owns 233 shares of the virtualization software provider’s stock valued at $27,000 after buying an additional 136 shares in the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of VMware in the fourth quarter valued at approximately $29,000. Institutional investors own 45.85% of the company’s stock.

About VMware

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VMware, Inc engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.