Vmware, Inc. (NYSE:VMW) COO Rangarajan (Raghu) Raghuram sold 23,381 shares of Vmware stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $120.40, for a total value of $2,815,072.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Vmware, Inc. (NYSE VMW) opened at $123.80 on Friday. The firm has a market capitalization of $49,910.00, a P/E ratio of 32.86, a PEG ratio of 2.79 and a beta of 0.67. The company has a current ratio of 2.86, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. Vmware, Inc. has a 12-month low of $77.94 and a 12-month high of $127.60.
Vmware (NYSE:VMW) last announced its quarterly earnings data on Thursday, November 30th. The virtualization software provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.07. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. Vmware had a return on equity of 18.57% and a net margin of 18.97%. Vmware’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. analysts forecast that Vmware, Inc. will post 3.77 earnings per share for the current year.
A number of research firms have issued reports on VMW. Berenberg Bank restated a “hold” rating and set a $94.00 price target on shares of Vmware in a research note on Tuesday, August 29th. Gabelli cut Vmware from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. They noted that the move was a valuation call. Deutsche Bank reaffirmed a “buy” rating and set a $145.00 price objective on shares of Vmware in a research report on Friday, December 1st. Bank of America raised Vmware from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $108.00 to $120.00 in a research report on Friday, August 25th. Finally, CIBC lifted their price objective on Vmware from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. Fifteen analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Vmware presently has an average rating of “Buy” and an average target price of $124.50.
WARNING: “Insider Selling: Vmware, Inc. (VMW) COO Sells $2,815,072.40 in Stock” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://sportsperspectives.com/2017/12/17/insider-selling-vmware-inc-vmw-coo-sells-2815072-40-in-stock.html.
VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).
Receive News & Ratings for Vmware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vmware and related companies with MarketBeat.com's FREE daily email newsletter.