Today’s Market Runner: Is Buying VMware, Inc. Here a Winning Strategy?

Today's Market Runner: Is Buying VMware, Inc. Here a Winning Strategy?

The stock of VMware, Inc. (NYSE:VMW) hit a new 52-week high and has $109.10 target or 39.00% above today’s $78.49 share price. The 6 months bullish chart indicates low risk for the $33.72B company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $109.10 price target is reached, the company will be worth $13.15B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 925,114 shares traded hands. VMware, Inc. (NYSE:VMW) has risen 50.89% since March 30, 2016 and is uptrending. It has outperformed by 47.88% the S&P500.

VMware, Inc. (NYSE:VMW) Ratings Coverage

Out of 34 analysts covering VMware Inc (NYSE:VMW), 10 rate it a “Buy”, 0 “Sell”, while 24 “Hold”. This means 29% are positive. VMware Inc has been the topic of 71 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Drexel Hamilton with “Buy” on Wednesday, April 20. Bank of America downgraded the shares of VMW in a report on Wednesday, October 21 to “Neutral” rating. The firm has “Buy” rating given on Tuesday, September 1 by Macquarie Research. Nomura downgraded VMware, Inc. (NYSE:VMW) on Wednesday, October 21 to “Neutral” rating. SunTrust upgraded the shares of VMW in a report on Tuesday, August 30 to “Buy” rating. The rating was downgraded by Sterne Agee CRT to “Neutral” on Wednesday, October 21. As per Wednesday, October 21, the company rating was maintained by FBR Capital. On Wednesday, October 21 the stock rating was downgraded by Macquarie Research to “Neutral”. On Tuesday, September 1 the stock rating was upgraded by Robert W. Baird to “Outperform”. The company was maintained on Tuesday, September 1 by BMO Capital Markets.

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 is positive, 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.
Eaton Vance Mgmt has invested 0% of its portfolio in VMware, Inc. (NYSE:VMW). Bnp Paribas Inv Prtnrs holds 0.01% or 18,873 shares in its portfolio. Moreover, Nelson Roberts Advisors Limited Liability has 0% invested in VMware, Inc. (NYSE:VMW) for 70 shares. Princeton Alpha Lp last reported 28,870 shares in the company. Moreover, Aperio Grp Ltd Liability Corp has 0.03% invested in VMware, Inc. (NYSE:VMW) for 64,938 shares. First New York Llc Ny has invested 0% of its portfolio in VMware, Inc. (NYSE:VMW). The Missouri-based Stifel Financial has invested 0.02% in VMware, Inc. (NYSE:VMW). Signaturefd Limited Com has invested 0% of its portfolio in VMware, Inc. (NYSE:VMW). Cibc Asset Mgmt holds 16,050 shares or 0.01% of its portfolio. Fmr Limited Liability Company accumulated 0.01% or 835,829 shares. Spot Trading Ltd Company last reported 67 shares in the company. Bessemer holds 0% of its portfolio in VMware, Inc. (NYSE:VMW) for 2,125 shares. The Connecticut-based Gilman Hill Asset Mngmt Ltd Co has invested 0.09% in VMware, Inc. (NYSE:VMW). Alliancebernstein L P owns 71,187 shares or 0% of their US portfolio. Harber Asset Management Ltd Liability Co has 4.87% invested in the company for 154,213 shares.

Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 5 selling transactions for $1.37 million net activity. POONEN SANJAY sold 5,500 shares worth $330,440. 6,988 shares were sold by Krysler P. Kevan, worth $505,931. Another trade for 6,910 shares valued at $410,800 was made by Smith S. Dawn on Tuesday, May 17.

More notable recent VMware, Inc. (NYSE:VMW) news were published by: Profitconfidential.com which released: “VMware, Inc.: A Major Price Shock in VMW Stock Is Expected” on October 27, 2016, also Benzinga.com with their article: “Stocks Hitting 52-Week Highs” published on November 01, 2016, Investorplace.com published: “VMWare, Inc. (VMW) and Amazon.com, Inc. (AMZN) Herald the Death of Old Data …” on October 14, 2016. More interesting news about VMware, Inc. (NYSE:VMW) were released by: Profitconfidential.com and their article: “VMware, Inc.: VMW Stock Chart Suggests Price Surge Is Brewing” published on October 05, 2016 as well as Seekingalpha.com‘s news article titled: “Amazon Cloud Partnership A Big Win For VMware” with publication date: October 24, 2016.

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.

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