VMware, Inc. (NYSE:VMW – Get Rating) EVP Amy Fliegelman Olli sold 2,351 shares of the stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $128.93, for a total value of $303,114.43. Following the completion of the sale, the executive vice president now owns 72,801 shares in the company, valued at $9,386,232.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Amy Fliegelman Olli also recently made the following trade(s):

• On Monday, May 23rd, Amy Fliegelman Olli sold 18,338 shares of VMware stock. The shares were sold at an average price of $125.00, for a total value of $2,292,250.00.

Shares of NYSE VMW traded up $0.30 during midday trading on Friday, reaching $131.99. 3,294,912 shares of the company were exchanged, compared to its average volume of 2,034,427. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.90. VMware, Inc. has a 1 year low of $91.53 and a 1 year high of $167.83. The stock has a fifty day simple moving average of $111.35 and a 200 day simple moving average of $116.89. The stock has a market cap of $55.58 billion, a P/E ratio of 34.11, a PEG ratio of 1.58 and a beta of 0.67.

VMware (NYSE:VMW – Get Rating) last released its quarterly earnings results on Thursday, May 26th. The virtualization software provider reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.28). VMware had a return on equity of 30.26% and a net margin of 12.65%. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the business earned $1.24 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts forecast that VMware, Inc. will post 4.83 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VMW. Counterpoint Mutual Funds LLC purchased a new stake in VMware in the 4th quarter valued at approximately $25,000. SOA Wealth Advisors LLC. purchased a new stake in VMware in the 4th quarter valued at approximately $26,000. Zions Bancorporation N.A. boosted its holdings in VMware by 140.2% in the 1st quarter. Zions Bancorporation N.A. now owns 233 shares of the virtualization software provider’s stock valued at $27,000 after purchasing an additional 136 shares in the last quarter. Hudock Inc. boosted its holdings in VMware by 158.1% in the 4th quarter. Hudock Inc. now owns 271 shares of the virtualization software provider’s stock valued at $31,000 after purchasing an additional 166 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new stake in VMware in the 4th quarter valued at approximately $31,000. 47.04% of the stock is currently owned by hedge funds and other institutional investors.

VMW has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on VMware from $160.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, February 25th. Mizuho raised their price target on VMware to $138.00 in a research note on Friday, May 27th. JPMorgan Chase & Co. cut their price target on VMware from $160.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, February 25th. Oppenheimer cut their price target on VMware from $148.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, February 25th. Finally, Cross Research cut their price target on VMware from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, February 25th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $139.91.

About VMware (Get Rating)

VMware, Inc provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer; vSAN and VxRail, which offers holistic data storage and protection options to applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds.

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