Todays Report: The VMware’s (VMW) Equal Weight Rating Reiterated at Pacific Crest

The VMware’s (VMW) Equal Weight Rating Reiterated at Pacific Crest

VMware Inc. (NYSE:VMW)‘s stock had its “equal weight” rating restated by analysts at Pacific Crest in a research note issued to investors on Monday.

Other equities analysts have also issued research reports about the company. Jefferies Group reaffirmed a “buy” rating and set a $84.00 price target (up previously from $83.00) on shares of VMware in a research note on Tuesday, July 19th. MKM Partners upped their price target on VMware from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, July 19th. Drexel Hamilton reaffirmed a “buy” rating and set a $85.00 price target (up previously from $77.00) on shares of VMware in a research note on Monday, July 18th. Vetr raised VMware from a “hold” rating to a “buy” rating and set a $63.40 price target on the stock in a research note on Monday, June 20th. Finally, Zacks Investment Research raised VMware from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Saturday, July 23rd. One research analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $75.64.

VMware (NYSE:VMW) traded down 0.11% during trading on Monday, reaching $72.90. The company’s stock had a trading volume of 270,399 shares. The firm has a market cap of $30.94 billion, a P/E ratio of 29.37 and a beta of 1.24. The stock’s 50 day moving average is $73.48 and its 200-day moving average is $64.40. VMware has a 52 week low of $43.25 and a 52 week high of $76.99.

In related news, VP S. Dawn Smith sold 632 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $76.40, for a total transaction of $48,284.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider P. Kevan Krysler sold 6,988 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $72.40, for a total value of $505,931.20. Following the sale, the insider now owns 78,654 shares in the company, valued at approximately $5,694,549.60. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Dodge & Cox raised its stake in shares of VMware by 29.7% in the second quarter. Dodge & Cox now owns 11,890,635 shares of the virtualization software provider’s stock worth $680,382,000 after buying an additional 2,726,144 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of VMware by 2.0% in the second quarter. Vanguard Group Inc. now owns 3,795,842 shares of the virtualization software provider’s stock worth $217,198,000 after buying an additional 74,915 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of VMware by 76.3% in the first quarter. Renaissance Technologies LLC now owns 2,285,300 shares of the virtualization software provider’s stock worth $119,544,000 after buying an additional 989,100 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of VMware by 1.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,079,388 shares of the virtualization software provider’s stock worth $118,983,000 after buying an additional 30,977 shares in the last quarter. Finally, Paulson & CO. Inc. purchased a new stake in shares of VMware during the second quarter worth $112,844,000. Institutional investors and hedge funds own 22.02% of the company’s stock.

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