Insider Selling: Vmware, Inc. (VMW) COO Sells $2,815,072.40 in Stock

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 institutional investors have recently made changes to their positions in VMW. APG Asset Management N.V. lifted its holdings in shares of Vmware by 302.3% in the 3rd quarter. APG Asset Management N.V. now owns 2,044,921 shares of the virtualization software provider’s stock worth $223,285,000 after buying an additional 1,536,600 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Vmware by 6,030.7% in the 2nd quarter. Janus Henderson Group PLC now owns 806,433 shares of the virtualization software provider’s stock worth $70,506,000 after buying an additional 793,279 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Vmware by 25.7% in the 2nd quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock worth $230,241,000 after buying an additional 538,393 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vmware by 75.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,169,757 shares of the virtualization software provider’s stock worth $102,272,000 after buying an additional 501,400 shares during the period. Finally, Koch Industries Inc. lifted its holdings in shares of Vmware by 16,537.3% in the 2nd quarter. Koch Industries Inc. now owns 479,821 shares of the virtualization software provider’s stock worth $474,000 after buying an additional 476,937 shares during the period. 22.21% of the stock is currently owned by institutional investors.

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.

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About Vmware

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).

Insider Buying and Selling by Quarter for Vmware (NYSE:VMW)

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