VMware (NYSE:VMW) Price Target Cut to $140.00 by Analysts at Barclays

VMware (NYSE:VMW) had its price target decreased by Barclays from $163.00 to $140.00 in a research report released on Wednesday morning, The Fly reports. Barclays currently has an overweight rating on the virtualization software provider’s stock.

Other equities analysts also recently issued research reports about the company. Piper Sandler cut their target price on VMware from $178.00 to $154.00 and set an overweight rating for the company in a research report on Wednesday. Stifel Nicolaus raised their target price on VMware from $175.00 to $185.00 and gave the stock a buy rating in a research report on Friday, August 27th. Deutsche Bank Aktiengesellschaft cut their target price on VMware from $145.00 to $135.00 and set a hold rating for the company in a research report on Wednesday. Mizuho cut their target price on VMware from $165.00 to $138.00 and set a neutral rating for the company in a research report on Monday, November 15th. Finally, Citigroup started coverage on VMware in a research report on Monday, September 20th. They set a buy rating and a $190.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $154.18.

Shares of VMW stock opened at $118.70 on Wednesday. The stock has a 50 day moving average price of $139.27. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.11 and a quick ratio of 1.11. VMware has a 12 month low of $114.01 and a 12 month high of $172.00. The company has a market cap of $49.71 billion, a P/E ratio of 24.37, a P/E/G ratio of 2.16 and a beta of 0.75.

VMware (NYSE:VMW) last announced its quarterly earnings data on Tuesday, November 23rd. The virtualization software provider reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.18. VMware had a return on equity of 23.49% and a net margin of 16.77%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the company earned $1.05 EPS. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts expect that VMware will post 4.6 EPS for the current year.

The company also recently announced a dividend, which was paid on Monday, November 1st. Stockholders of record on Friday, October 29th were paid a $27.40 dividend. This is a boost from VMware’s previous dividend of $26.81. The ex-dividend date of this dividend was Tuesday, November 2nd.

In related news, EVP Amy Fliegelman Olli sold 2,266 shares of VMware stock in a transaction on Monday, October 4th. The stock was sold at an average price of $151.15, for a total transaction of $342,505.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Sumit Dhawan sold 1,600 shares of VMware stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $146.52, for a total value of $234,432.00. The disclosure for this sale can be found here. Insiders sold a total of 5,344 shares of company stock valued at $794,470 over the last three months. Insiders own 27.80% of the company’s stock.

Large investors have recently bought and sold shares of the business. Glassman Wealth Services grew its stake in VMware by 518.5% in the second quarter. Glassman Wealth Services now owns 167 shares of the virtualization software provider’s stock valued at $27,000 after acquiring an additional 140 shares during the period. Deseret Mutual Benefit Administrators acquired a new position in VMware in the second quarter valued at about $27,000. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of VMware by 346.3% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 183 shares of the virtualization software provider’s stock valued at $30,000 after purchasing an additional 142 shares in the last quarter. Destiny Wealth Partners LLC bought a new stake in shares of VMware in the third quarter valued at about $34,000. Finally, Berman Capital Advisors LLC lifted its holdings in shares of VMware by 147.2% in the second quarter. Berman Capital Advisors LLC now owns 262 shares of the virtualization software provider’s stock valued at $41,000 after purchasing an additional 156 shares in the last quarter. 16.99% of the stock is owned by hedge funds and other institutional investors.

About VMware

VMware, Inc engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.

Featured Article: What is Liquidity?

The Fly logo

Analyst Recommendations for VMware (NYSE:VMW)

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.