VMware, Inc. (VMW) COO Sells $5,759,100.00 in Stock

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VMware, Inc. (NYSE:VMW) COO Sanjay Poonen sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $191.97, for a total transaction of $5,759,100.00. Following the completion of the sale, the chief operating officer now directly owns 237,804 shares in the company, valued at approximately $45,651,233.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sanjay Poonen also recently made the following trade(s):

  • On Monday, March 18th, Sanjay Poonen sold 50,000 shares of VMware stock. The shares were sold at an average price of $182.60, for a total transaction of $9,130,000.00.

VMware stock traded down $0.77 during mid-day trading on Wednesday, hitting $189.07. The company had a trading volume of 627,651 shares, compared to its average volume of 1,326,832. The firm has a market capitalization of $77.92 billion, a P/E ratio of 38.35, a P/E/G ratio of 3.03 and a beta of 0.77. VMware, Inc. has a 1 year low of $129.33 and a 1 year high of $194.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 7.70.

VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, February 28th. The virtualization software provider reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.10. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.50 billion. VMware had a net margin of 26.99% and a return on equity of 25.50%. During the same period in the prior year, the firm posted $1.68 earnings per share. As a group, research analysts expect that VMware, Inc. will post 4.94 earnings per share for the current fiscal year.

Several brokerages recently weighed in on VMW. Wedbush raised their target price on shares of VMware from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Mizuho began coverage on shares of VMware in a report on Wednesday, March 13th. They issued a “neutral” rating and a $160.00 target price on the stock. Goldman Sachs Group cut shares of VMware from a “neutral” rating to a “sell” rating and set a $177.00 target price on the stock. in a report on Wednesday, March 6th. Nomura set a $130.00 target price on shares of VMware and gave the company a “sell” rating in a report on Friday, March 1st. Finally, Barclays raised their target price on shares of VMware from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $180.48.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY grew its position in shares of VMware by 1.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,467 shares of the virtualization software provider’s stock worth $750,000 after acquiring an additional 77 shares during the last quarter. Biltmore Wealth Management LLC grew its position in shares of VMware by 2.0% during the fourth quarter. Biltmore Wealth Management LLC now owns 4,201 shares of the virtualization software provider’s stock worth $576,000 after acquiring an additional 83 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in shares of VMware by 20.8% during the first quarter. Flagship Harbor Advisors LLC now owns 493 shares of the virtualization software provider’s stock worth $88,000 after acquiring an additional 85 shares during the last quarter. Utah Retirement Systems grew its position in shares of VMware by 0.8% during the fourth quarter. Utah Retirement Systems now owns 13,048 shares of the virtualization software provider’s stock worth $1,789,000 after acquiring an additional 100 shares during the last quarter. Finally, Prudential PLC grew its position in shares of VMware by 4.2% during the fourth quarter. Prudential PLC now owns 2,500 shares of the virtualization software provider’s stock worth $343,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 17.92% of the company’s stock.

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VMware Company Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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