Today VMware, Inc. Had High Bearish Options Activity

 Today VMware, Inc. Had High Bearish Options Activity

In today’s session VMware, Inc. (VMW) recorded an unusually high (1,013) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious VMW decrease. With 1,013 contracts traded and 29794 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: VMW161021P00070000 closed last at: $0.45 or 69% down. About 338,955 shares traded hands. VMware, Inc. (NYSE:VMW) has risen 50.21% since March 4, 2016 and is uptrending. It has outperformed by 42.17% the S&P500.

Analysts await VMware, Inc. (NYSE:VMW) to report earnings on October, 18. They expect $0.80 earnings per share, up 11.11% or $0.08 from last year’s $0.72 per share. VMW’s profit will be $340.79 million for 23.18 P/E if the $0.80 EPS becomes a reality. After $0.69 actual earnings per share reported by VMware, Inc. for the previous quarter, Wall Street now forecasts 15.94% EPS growth.

VMware, Inc. (NYSE:VMW) Ratings Coverage

Out of 33 analysts covering VMware Inc (NYSE:VMW), 9 rate it a “Buy”, 0 “Sell”, while 24 “Hold”. This means 27% are positive. $105 is the highest target while $50 is the lowest. The $73.81 average target is -0.47% below today’s ($74.16) stock price. VMware Inc has been the topic of 65 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Tuesday, September 22, the company rating was upgraded by Zacks. The rating was maintained by Macquarie Research with “Buy” on Tuesday, September 1. The company was upgraded on Tuesday, August 30 by Suntrust Robinson. Robert W. Baird downgraded VMware, Inc. (NYSE:VMW) rating on Wednesday, January 27. Robert W. Baird has “Neutral” rating and $60 price target. The company was downgraded on Wednesday, October 21 by Nomura. The company was maintained on Wednesday, January 27 by FBR Capital. The rating was maintained by M Partners on Wednesday, December 2 with “Buy”. Oppenheimer maintained VMware, Inc. (NYSE:VMW) rating on Wednesday, October 21. Oppenheimer has “Outperform” rating and $78 price target. UBS maintained the shares of VMW in a report on Tuesday, October 13 with “Buy” rating. FBR Capital maintained it with “Mkt Perform” rating and $73 target price in Wednesday, October 21 report.

According to Zacks Investment Research, “VMware provides virtualization solutions from the desktop to the data center. Their solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed, increasing hardware utilization and reducing spending. They have expanded their offering with virtual infrastructure automation and management products to address distributed and heterogeneous infrastructure challenges such as system recoverability and reliability, backup and recovery, resource provisioning and management, capacity and performance management and desktop security. They derive a significant majority of their revenues from their indirect sales channel that include distributors, resellers, x86 system vendors and systems integrators.”

Insitutional Activity: The institutional sentiment increased to 1.07 in 2016 Q2. Its up 0.04, from 1.03 in 2016Q1. The ratio improved, as 47 funds sold all VMware, Inc. shares owned while 105 reduced positions. 57 funds bought stakes while 105 increased positions. They now own 90.43 million shares or 5.40% more from 85.80 million shares in 2016Q1.
Rhumbline Advisers has invested 0.01% of its portfolio in VMware, Inc. (NYSE:VMW). Capstone Asset Mgmt last reported 0.01% of its portfolio in the stock. Jpmorgan Chase accumulated 0% or 18,504 shares. Alexandria Cap reported 11 shares or 0% of all its holdings. Joel Isaacson & Ltd Company last reported 4,000 shares in the company. Parallax Volatility Advisers Limited Partnership accumulated 0.01% or 74,461 shares. Tower Research Capital Lc (Trc) accumulated 0.01% or 1,118 shares. Utah Retirement holds 0.02% of its portfolio in VMware, Inc. (NYSE:VMW) for 14,748 shares. Vantage Investment Advsrs Llc has invested 0% of its portfolio in VMware, Inc. (NYSE:VMW). Hutchin Hill Cap Limited Partnership holds 0.09% of its portfolio in VMware, Inc. (NYSE:VMW) for 49,000 shares. Guggenheim Lc has 0% invested in the company for 12,745 shares. Stifel Finance Corp accumulated 57,295 shares or 0.02% of the stock. The New York-based Amalgamated Comml Bank has invested 0.01% in VMware, Inc. (NYSE:VMW). Weiss Multi has invested 0.14% of its portfolio in VMware, Inc. (NYSE:VMW). Sei Invests Co holds 0.03% or 73,821 shares in its portfolio.

Insider Transactions: Since April 26, 2016, the stock had 0 buys, and 7 sales for $2.84 million net activity. Carli Maurizio sold $721,409 worth of stock or 12,880 shares. 632 shares were sold by Smith S. Dawn, worth $48,285 on Tuesday, August 30. $505,931 worth of VMware, Inc. (NYSE:VMW) was sold by Krysler P. Kevan. Another trade for 13,000 shares valued at $751,400 was made by POONEN SANJAY on Tuesday, April 26.

VMware, Inc. is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The company has a market cap of $31.59 billion. The Firm develops and markets its product and service offerings within three product groups, which include software-defined data center , hybrid cloud computing and end-user computing (EUC). It has a 29.83 P/E ratio. The Company’s compute virtualization includes offerings that allow organizations to manage Information technology (IT) resources across private clouds and complex multi-cloud, and multi-device environments.

VMW Company Profile

VMware, Inc., incorporated on February 10, 1998, is a well-known provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Firm develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). The Company’s compute virtualization includes offerings that allow organizations to manage Information technology (IT) resources across private clouds and complex multi-cloud, and multi-device environments.

More news for VMware, Inc. (NYSE:VMW) were recently published by: Profitconfidential.com, which released: “VMware, Inc.: VMW Stock Chart Suggests Price Surge Is Brewing” on October 05, 2016. Investorplace.com‘s article titled: “Amazon.com, Inc., VMware, Inc. Expected to Announce Cloud Deal” and published on October 05, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment