VMware Inc. (NYSE: VMW) is 1.89% higher on its value in year-to-date trading and has touched a low of $86.00 and a high of $163.17 in the current 52-week trading range. The VMW stock was last observed hovering at around $142.91 in the last trading session, with the day’s loss setting it -7.58% off its average median price target of $175.00 for the next 12 months. It is also 32.33% off the consensus price target high of $200.00 offered by 28 analysts, but current levels are 7.94% higher than the price target low of $147.00 for the same period.
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Currently trading at $135.33, the stock is -4.62% and -4.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing -5.30% at the moment leaves the stock -3.83% off its SMA200. VMW registered -5.98% loss for a year compared to 6-month gain of 3.37%. The firm has a 50-day simple moving average (SMA 50) of $141.86 and a 200-day simple moving average (SMA200) of $142.70.
The stock witnessed a 0.75% loss in the last 1 month and extending the period to 3 months gives it a -6.12%, and is 2.23% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.00% over the week and 2.84% over the month.
VMware Inc. (VMW) has around 31000 employees, a market worth around $60.49B and $12.12B in sales. Current P/E ratio is 37.63 and Fwd P/E is 20.52. Profit margin for the company is 13.40%. Distance from 52-week low is 57.36% and -17.06% from its 52-week high. The company has generated returns on investments over the last 12 months (11.40%).
VMware Inc. (VMW) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for VMware Inc. (VMW) is a “Overweight”. 28 analysts offering their recommendations for the stock have an average rating of 2.00, where 8 rate it as a Hold and 3 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
VMware Inc. is expected to release its quarterly report on 03/04/2021 and quarterly earnings per share for the current quarter are estimated at $2.05 with sales reaching $3.23B over the same period.The EPS is expected to shrink by -39.20% this year, but quarterly earnings will post 8.30% year-over-year. Quarterly sales are estimated to grow 5.20% in year-over-year returns.
VMware Inc. (VMW) Top Institutional Holders
880 institutions hold shares in VMware Inc. (VMW), with 118.79M shares held by insiders accounting for 28.30% while institutional investors hold 98.42% of the company’s shares. The shares outstanding are 420.86M, and float is at 80.71M with Short Float at 10.75%. Institutions hold 70.57% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 6.99 million shares valued at $1.0 billion. The investor’s holdings represent 6.21% of the VMW Shares outstanding. As of Sep 29, 2020, the second largest holder is Dodge & Cox Inc with 6.2 million shares valued at $890.43 million to account for 5.51% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 4.93 million shares representing 4.38% and valued at over $708.1 million, while Swedbank holds 3.78% of the shares totaling 4.25 million with a market value of $610.49 million.
VMware Inc. (VMW) Insider Activity
A total of 58 insider transactions have happened at VMware Inc. (VMW) in the last six months, with sales accounting for 44 and purchases happening 14 times. The most recent transaction is an insider sale by RAMASWAMI RAJIV, the company’s COO, Products & Cloud Services. SEC filings show that RAMASWAMI RAJIV sold 2,490 shares of the company’s common stock on Nov 24 at a price of $150.00 per share for a total of $0.37 million. Following the sale, the insider now owns 44572.0 shares.
VMware Inc. disclosed in a document filed with the SEC on Nov 02 that Rowe Zane (Chief Financial Officer & EVP) sold a total of 18,000 shares of the company’s common stock. The trade occurred on Nov 02 and was made at $130.07 per share for $2.34 million. Following the transaction, the insider now directly holds 84714.0 shares of the VMW stock.
Still, SEC filings show that on Oct 08, RAMASWAMI RAJIV (COO, Products & Cloud Services) disposed off 3,173 shares at an average price of $150.00 for $0.48 million. The insider now directly holds 49,511 shares of VMware Inc. (VMW).
VMware Inc. (VMW): Who are the competitors?
The company’s main competitors (and peers) include Oracle Corporation (ORCL) that is trading 14.36% up over the past 12 months. HP Inc. (HPQ) is 20.74% up on the 1-year trading charts. Short interest in the company’s stock has risen 0.54% from the last report on Nov 29, 2020 to stand at a total of 9.23 million short shares sold with a short interest ratio of 6.85.