The stock of VMware, Inc. (NYSE:VMW) hit a new 52-week high and has $100.06 target or 25.00% above today’s $80.05 share price. The 7 months bullish chart indicates low risk for the $33.58 billion company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $100.06 price target is reached, the company will be worth $8.40B 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 137,280 shares traded hands. VMware, Inc. (NYSE:VMW) has risen 54.71% since April 18, 2016 and is uptrending. It has outperformed by 50.28% the S&P500.
VMware, Inc. (NYSE:VMW) Ratings Coverage
Out of 35 analysts covering VMware Inc (NYSE:VMW), 12 rate it a “Buy”, 0 “Sell”, while 23 “Hold”. This means 34% are positive. $105 is the highest target while $50 is the lowest. The $75.67 average target is -5.47% below today’s ($80.05) stock price. VMware Inc has been the topic of 73 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, September 1 by Macquarie Research. The stock has “Buy” rating given by Zacks on Tuesday, August 18. As per Tuesday, November 1, the company rating was upgraded by Summit Redstone Partners. Mizuho downgraded it to “Neutral” rating and $75 target price in Monday, October 12 report. Oppenheimer upgraded the stock to “Outperform” rating in Monday, October 31 report. As per Tuesday, August 30, the company rating was upgraded by SunTrust. The rating was downgraded by Atlantic Securities on Wednesday, October 21 to “Neutral”. Pacific Crest maintained it with “Overweight” rating and $105 target price in Thursday, September 3 report. Nomura downgraded VMware, Inc. (NYSE:VMW) rating on Wednesday, October 21. Nomura has “Neutral” rating and $70 price target. The firm earned “Neutral” rating on Wednesday, September 7 by Goldman Sachs.
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 decreased to 0.96 in 2016 Q2. Its down 0.11, from 1.07 in 2016Q1. The ratio worsened, 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.
Ibm Retirement Fund reported 8,207 shares or 0.02% of all its holdings. The Massachusetts-based Loring Wolcott Coolidge Fiduciary Advsr Limited Liability Partnership Ma has invested 0% in VMware, Inc. (NYSE:VMW). Northern Trust owns 528,840 shares or 0.01% of their US portfolio. Strs Ohio accumulated 0.01% or 47,931 shares. Guggenheim Capital has 0% invested in the company for 12,745 shares. Assetmark accumulated 0% or 318 shares. Kbc Group Nv accumulated 0.19% or 231,097 shares. Bnp Paribas Arbitrage accumulated 0.03% or 128,233 shares. Wasatch Advisors holds 0.17% of its portfolio in VMware, Inc. (NYSE:VMW) for 192,366 shares. Fred Alger accumulated 436 shares or 0% of the stock. Hightower Limited Liability Company accumulated 55,790 shares or 0.04% of the stock. Sumitomo Mitsui Asset Mgmt Limited has 0.01% invested in the company for 5,539 shares. Moreover, Vantage Investment Advisors Ltd Liability has 0% invested in VMware, Inc. (NYSE:VMW) for 23 shares. Joel Isaacson reported 4,000 shares or 0.05% of all its holdings. The Illinois-based Ubs Oconnor Ltd Limited Liability Company has invested 0% in VMware, Inc. (NYSE:VMW).
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 4 insider sales for $956,553 net activity. $505,931 worth of VMware, Inc. (NYSE:VMW) was sold by Krysler P. Kevan. Another trade for 632 shares valued at $48,285 was made by Smith S. Dawn on Tuesday, August 30. POONEN SANJAY had sold 5,500 shares worth $330,440.
More news for VMware, Inc. (NYSE:VMW) were recently published by: Profitconfidential.com, which released: “VMware, Inc.: A Major Price Shock in VMW Stock Is Expected” on October 27, 2016. Benzinga.com‘s article titled: “Avocado Systems Inc. Joins the VMware Technology Alliance Partner Program” and published on November 17, 2016 is yet another important article.
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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