There has been some selling insider activity on Vmware, Inc. Common stock, Clas (NYSE:VMW) recently. Rajiv Ramaswami, COO, Products & Cloud Services let go of $1,796,943 worth of shares at an average price of $87.84 on July 10th. That brings the COO, Products & Cloud Services’s holdings to $27,557,253 per an SEC filing yesterday. COO, Customer Operations Sanjay Poonen sold 5,344 shares at an average price of $87.88 on Mon the 10th. The COO, Customer Operations now owns $18,099,062 of the stock as reported to the SEC.
COO, Customer Operations Sanjay Poonen disclosed the sale of 3,477 shares of (VMW). The shares were sold on June 7th for an average price of $92.82. The COO, Customer Operations now owns $19,612,495 of the stock according to the SEC filing.
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..
Here are a few additional firms who have increased or decreased their stake in (VMW). Clinton Group Inc added to its investment by buying 13,157 shares an increase of 26.5%. Clinton Group Inc controls 62,743 shares valued at $5,781,000. The total value of its holdings increased 48.1%. Creative Planning trimmed its stake by selling 1,494 shares a decrease of 7.4% from 03/31/2017 to 06/30/2017. Creative Planning owns 18,667 shares with a value of $1,632,000. The value of the position overall is down by 12.2%.
As of the end of the quarter Spiderrock Advisors LLC had sold 22,300 shares trimming its holdings by 77.4%. The value in dollars decreased from $243,000 to $3,000 decreasing 98.8% since the last quarter. As of quarter end Trust Co Of Vermont had disposed of a total of 61 shares trimming its stake by 81.3%. The value of the total investment in Vmware, Inc. Common stock, Clas went from $6,000 to $1,000 a change of $5,000 for the reporting period.
On June 21 the company was upgraded to “Buy” from “” by Stifel Nicolaus. On May 31, 2017 the stock rating was rated “Outperform” according to a Baird report a boost from the previous “Neutral” rating.
On November 4 the company was changed to a “Neutral” by Bank of America which was a cut from the previous “Neutral” rating. On November 3 the stock rating was upgraded from “Market Perform” to “Outperform” in a report from Raymond James.
On November 1 the company was upgraded to “Buy” from “” in an announcement from Summit Redstone Partners. On October 31, 2016 the stock rating was set at “Outperform” in a report from Oppenheimer up from the previous “Perform” rating.
In the market the company is trading up by 0.25% since yesterday’s close of $88.56. Shares last traded at $88.78 which is just a bit below the 50 day moving average which is $91.98 and a bit lower than 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 company currently has a P/E ratio of 31.96 and the market value is 36.26B. As of the last earnings report the EPS was $2.78 and is estimated to be $4.93 for the current year with 408,423,000 shares outstanding. Next quarter’s EPS is forecasted at $1.26 and the next full year EPS is projected to be $5.34.