VMware (NYSE:VMW) Research Coverage Started at StockNews.com
Research analysts at StockNews.com began coverage on shares of VMware (NYSE:VMW – Get Free Report) in a research note issued to investors on Saturday. The firm set a “strong-buy” rating on the virtualization software provider’s stock.
Several other brokerages have also recently weighed in on VMW. BMO Capital Markets boosted their price objective on shares of VMware from $140.00 to $160.00 and gave the stock a “market perform” rating in a research note on Friday, September 1st. UBS Group raised their price objective on VMware from $180.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday, September 1st. Monness Crespi & Hardt cut VMware from a “buy” rating to a “neutral” rating in a report on Monday, August 28th. Finally, Mizuho raised their price target on shares of VMware from $158.00 to $165.00 in a report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $160.25.
Get Our Latest Research Report on VMW
VMware Stock Up 0.4 %
NYSE:VMW opened at $143.00 on Friday. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.87 and a quick ratio of 0.87. VMware has a one year low of $109.00 and a one year high of $181.14. The firm’s 50 day simple moving average is $152.49 and its 200 day simple moving average is $152.68. The company has a market cap of $61.75 billion, a PE ratio of 43.20 and a beta of 0.71.
Insider Activity at VMware
In other news, EVP Jean Pierre Brulard sold 4,966 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $177.10, for a total transaction of $879,478.60. Following the completion of the sale, the executive vice president now owns 76,832 shares of the company’s stock, valued at approximately $13,606,947.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 40.30% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On VMware
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Trivant Custom Portfolio Group LLC acquired a new position in VMware during the 1st quarter worth approximately $25,000. WealthPLAN Partners LLC bought a new position in shares of VMware in the 1st quarter worth $26,000. Zions Bancorporation N.A. grew its position in VMware by 140.2% in the 1st quarter. Zions Bancorporation N.A. now owns 233 shares of the virtualization software provider’s stock valued at $27,000 after purchasing an additional 136 shares during the period. BOKF NA bought a new stake in VMware during the 2nd quarter valued at $28,000. Finally, ICA Group Wealth Management LLC acquired a new position in VMware during the fourth quarter worth $29,000. Institutional investors own 46.70% of the company’s stock.
VMware Company Profile (Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider VMware, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and VMware wasn’t on the list.
While VMware currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Original: MarketBeat News Feed: VMware (NYSE:VMW) Research Coverage Started at StockNews.com