VMware (VMW) received the “Buy” rating at Jefferies Group – tech2.org

VMware (VMW) received the “Buy” rating at Jefferies Group



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  Vmware, Inc. logo "title =" Vmware, Inc. logo "clbad =" companylogo size-full "/> Jefferies Group reaffirmed its share purchase rating of <span> VMware (NYSE: VMW) </span> in a report issued on Friday morning.They currently have a price target of $ 140.00 on the shares of the virtualization software provider. </p>
<p>  Several other research firms also recently commented on VMW.Stifel Nicolaus re-expressed a rating of purchase and issued a target price of $ 152.00 (previously $ 150.00) in Vmware shares in a research note on Monday, November 27. Bank of America increased its target price in Vmware shares from $ 125.00 to $ 148.00 and gave to the stock a purchase rating in a research note on Monday, November 27. The markets updated a market rating and issued a price target of $ 136.00 (previously $ 114.00) about VMware shares in a research note on Monday, November 27. Mizuho restated a retention recommendation and issued a target price of $ 110.00 on VMware shares in a north ota investigation on Friday, November 17. Finally, Barclays restated a purchase rating on Vmware shares in a research note on Friday, November 10. Fifteen badysts have rated the share with a hold rating and nineteen have granted a purchase rating to the company's stock. The stock has an average Buy score and a consensus price target of $ 124.50. </p>
<p>  VMware (NYSE: VMW) trades up to $ 4.33 during Friday's trading hours, reaching $ 124.44. 5,756,252 shares of the company's stock traded, compared to its average volume of 1,936,470. The firm has a market capitalization of $ 49,203.43, a P / E ratio of 32.55, a price-earnings-growth ratio of 2.75 and a beta of 0.67. The company has a current index of 1.98, a quick ratio of 1.98 and a debt to equity ratio of 0.10. VMware has a minimum of fifty-two weeks of $ 76.81 and a maximum of fifty-two weeks of $ 127.60. </p>
<p>VMware (NYSE: VMW) last published its quarterly earnings results on Thursday, November 30. The virtualization software provider reported $ 1.34 EPS for the quarter, surpbading the Thomson Reuters consensus estimate of $ 1.27 for $ 0.07. The business had revenues of $ 1.98 billion during the quarter, compared to the estimated consensus of $ 1.97 billion. VMware had a net margin of 18.97% and a return on capital of 18.58%. The company's quarterly revenues grew 11.1% compared to the same quarter last year. During the same quarter of the previous year, the company recorded earnings per share of $ 1.14. Research badysts expect Vmware to post 3.79 earnings per share for the current fiscal year.</p>
<p> Vmware announced that its Board of Directors authorized a stock repurchase plan on Monday, August 14, authorizing the company to repurchase $ 1.00 billion in shares. This repurchase authorization authorizes the virtualization software provider to purchase up to 2.5% of its shares through purchases in the open market. Typically, stock repurchase plans indicate that the company's board believes its shares are undervalued. </p>
<p>  In related news, Director Egon Durban sold 435,682 shares of the company in a transaction on Wednesday, November 1. The shares were sold at an average price of $ 109.31, for a total value of $ 47,624,399.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC's website. In addition, the COO Rajiv Ramaswami sold 9,747 shares of the company in a transaction on Thursday, November 2. The shares were sold at an average price of $ 118.16, for a total transaction of $ 1,151,705.52. The disclosure of this sale can be found here. During the last three months, insiders sold 446,563 shares of the company valued at $ 48,896,887. 34.40% of the shares are owned by people close to the company. </p>
<p>  Recently, several institutional investors and hedge funds have made changes in their stock positions. Investec Asset Management LTD increased its position in VMware by 0.5% in the third quarter. Investec Asset Management LTD now holds 2,682,460 shares of virtualization software vendor shares valued at $ 292,898,000 after acquiring 13,318 additional shares during the last quarter. Voya Investment Management LLC increased its position in VMware by 25.7% in the second quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider's stock valued at $ 230,241,000 after acquiring 538,393 additional shares during the last quarter. JPMorgan Chase & Co. increased its position in VMware by 2.6% in the third quarter. JPMorgan Chase & Co. now owns 2,379,344 shares of virtualization software vendor shares valued at $ 259,824,000 after acquiring 59,923 additional shares during the last quarter. APG Asset Management N.V. It raised its position in VMware by 302.3% in the third quarter. APG Asset Management N.V. now owns 2,044,921 shares of virtualization software vendor shares valued at $ 223,285,000 after acquiring 1,536,600 additional shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in VMware by 6.3% in the third quarter. Wells Fargo & Company MN now owns 1,792,367 shares of virtualization software vendor shares valued at $ 195,708,000 after acquiring 105,543 additional shares during the last quarter. 22.21% of the shares are owned by hedge funds and other institutional investors. </p>
<p>  WARNING: "VMware (VMW) rated" Buy "in Jefferies Group" was first published by StockNewsTimes and is owned by StockNewsTimes. If you are viewing this piece in another publication, it was copied illegally and republished in violation of the US. UU And international legislation on trademarks and copyrights. The original version of this piece can be read at https://stocknewstimes.com/2017/12/02/vmware-vmw-given-buy-rating-at-jefferies-group.html. </p>
<p>  <strong> About Vmware </strong> </p>
<p>  VMware, Inc. is an information technology (IT) company. The company is dedicated to the development and application of virtualization technologies with computation based on x86 servers, separating the application software from the underlying hardware. The company offers several products that enable organizations to manage IT resources in private clouds and multi-cloud and multi-device environments by leveraging synergies in three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-user computing (EUC). <!--ViewCount:ArticleHistoryID=13227517&PostDate=2017-12-2&type=a&secondary=1&id=935586--></p>
<p style=  Analyst recommendations for VMware (NYSE: VMW) "title =" Analyst recommendations for VMware (NYSE: VMW) "/> </p>
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