Friday, 24 January, 2020


Vmware, Inc. (NYSE:VMW) Stock Rating Reaffirmed by KeyCorp

Conrad Doyle | 28 October, 2017, 19:09

The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/27/vmware-inc-vmw-shares-bought-by-boston-advisors-llc.html. They issued a "hold" rating for the company. Further, the company's latest partnership with SAP will help it benefit in the Internet of Things (IoT) market. The business's revenue was up 12.2% on a year-over-year basis.

Several equities research analysts recently commented on the company. Finally, Deutsche Bank AG raised their target price on shares of VMware from $55.00 to $65.00 and gave the company a "hold" rating in a research note on Tuesday, July 19th. Zacks Investment Research upgraded Vmware from a "hold" rating to a "buy" rating and set a $121.00 target price on the stock in a research report on Monday, September 4th. The company had a trading volume of 317,479 shares.

August 25 investment analysts at Morgan Stanley held the stock rating at "Overweight" and moved up the price target to $115.00 from $86.00. No trade can occur until someone is willing to sell a stock at a price that another is willing to buy it at. Mizuho raised their target price on shares of Vmware from $90.00 to $95.00 and gave the company a "neutral" rating in a report on Monday, August 14th.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. They are also projecting the Low EPS estimate of $0.98 and the High EPS estimate of $1.2. The stock has a market cap of $48.55 billion, a P/E ratio of 42.74 and a beta of 0.72. (NYSE:VMW) is 53.65%, 30.48% over the last quarter, and 27.90% for the past six months. The virtualization software provider reported $1.19 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.15 by $0.04.

24 analysts on average are expecting the company to report revenue of $1.87 Billion for the current quarter.

Return on equity reveals how much profit a company earned in comparison to the total amount of shareholder equity found on the balance sheet. The company's quarterly revenue was up 12.2% compared to the same quarter previous year. Equities analysts predict that Vmware, Inc. will post $5.07 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by StockNewsTimes and is owned by of StockNewsTimes.

Vmware declared that its Board of Directors has approved a share repurchase program on Monday, August 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the virtualization software provider to buy up to 2.5% of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued. The institutional investor owned 154,960 shares of the virtualization software provider's stock after acquiring an additional 33,980 shares during the quarter. The shares were sold at an average price of $107.69, for a total transaction of $1,480,845.19. Also, insider P. Kevan Krysler sold 13,751 shares of the company's stock in a transaction on Friday, September 1st. The last stock close price is down 23.39% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. Following the completion of the sale, the insider now directly owns 78,654 shares in the company, valued at $5,694,549.60. The share last price represents downtick move of -70.40% in value from company's 52-Week high price and shows 422.73% above change in value from its 52-Week low price. BB&T Corp now owns 4,049 shares of the virtualization software provider's stock valued at $442,000 after buying an additional 462 shares in the last quarter. Following the sale, the vice president now directly owns 54,653 shares of the company's stock, valued at $4,021,914.27. Oppenheimer Asset Management Inc. bought a new position in Vmware in the first quarter valued at $141,000. Penserra Capital Management LLC increased its stake in Vmware by 13.0% in the second quarter. BB&T Corp grew its stake in shares of Vmware by 12.9% in the 3rd quarter. Comparatively, VMware, Inc. posted earnings of $0 per share in the same quarter past year. Summit Global Investments bought a new stake in shares of Vmware in the 2nd quarter worth $631,000.

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