Vmware, Inc. Common stock, Clas (NYSE:VMW) has been the object of insider selling activity recently. Rajiv Ramaswami, COO, Products & Cloud Services sold $1,796,943 worth of shares at an average price of $87.84 on Mon the 10th. That brings the COO, Products & Cloud Services’s holdings to $27,557,253 per an SEC filing yesterday. Sanjay Poonen, COO, Customer Operations disclosed the sale of 5,344 shares of VMW stock. The shares were purchased at an average price of $87.88. Poonen now owns $18,099,062 of the stock per the Form 4 SEC filing.
COO, Customer Operations Sanjay Poonen sold 3,477 shares at an average price of $92.82 on June 7th. That brings Poonen’s holdings to $19,612,495 as reported to the SEC.
VMware, Inc., launched on February 10, 1998, is an information technology (IT) company. The Company is involved in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC). The SDDC is designed to transform and modernize the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware. The Company provides storage and availability products to offer data storage and protection options to all applications running on the vSphere platform. It also offers various services to its customers, including modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security. It provides virtualization and cloud infrastructure solutions that enable businesses to transform the way they build, deliver and consume IT resources..
These funds have also shifted positions in (VMW). As of the end of the quarter Clinton Group Inc had bought a total of 13,157 shares growing its holdings by 26.5%. The value of the total investment in Vmware, Inc. Common stock, Clas went from $3,904,000 to $5,781,000 a change of 48.1% quarter over quarter. Creative Planning reduced its holdings by shedding 1,494 shares a decrease of 7.4% from 03/31/2017 to 06/30/2017. Creative Planning now holds 18,667 shares with a value of $1,632,000. The total value of its holdings decreased 12.2%.
Spiderrock Advisors LLC downsized its position by selling 22,300 shares a decrease of 77.4% as of 06/30/2017. Spiderrock Advisors LLC claims 6,500 shares valued at $3,000. The value of the position overall is down by 98.8%. As of quarter end Trust Co Of Vermont had disposed of 61 shares trimming its position 81.3%. The value in dollars decreased from $6,000 to $1,000 decreasing 83.3% since the last quarter.
On June 21 the company was set at “Buy” according to a Stifel Nicolaus report which was a boost from the previous “” rating. On May 31, 2017 the stock rating was rated “Outperform” by Baird up from the previous “Neutral” rating.
On November 4 the company was downgraded to “Neutral” from “Neutral” in a statement from Bank of America. On November 3 the stock rating was upgraded from “Market Perform” to “Outperform” in an announcement from Raymond James.
On November 1, 2016 the stock rating was changed to a “Buy” in a report from Summit Redstone Partners a boost from the previous “” rating. Equity analyst Evercore ISI Group initiated coverage giving it an initial rating of “Hold”.
In the market the company is trading up since yesterday’s close of $88.56. Shares of the company are trading at $88.78 slightly below the 50 day moving average which is $91.98 and which is marginally under the 200 day moving average of $89.17. The 50 day moving average was down by -3.48% and the 200 day average went down $-0.39 or -0.44%.
The P/E ratio is currently 31.96 and the market value is 36.26B. As of the latest earnings report the EPS was $2.78 and is projected to be $4.93 for the current year with 408,423,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $1.26 with next year’s EPS projected to be $5.34.