It is trading at $119.69 which is marginally higher than the 50 day moving average of $113.03 and which is quite a bit higher than the 200 day moving average of $98.85. The 50 day moving average went up $6.66 or +5.89% and the 200 day average was up $20.84. Trading volume for Vmware, Inc. Common stock, Clas was 1,631K in the last trading session. Trading volume was down 1.22% under the stocks average daily volume.
Traders are more bullish on Vmware, Inc. Common stock, Clas of late if you pay attention to the fall in short interest. The firm realized a fall in short interest of -7.74% as of the latest report on October 13, 2017. Short interest fell 2,009,226 over that period. Days to cover increased 3.0 to 20.0 and the percentage of shorted shares is 0.06% as of October 13.
There has been some selling insider activity on Vmware, Inc. Common stock, Clas (NYSE:VMW) recently. Michael S. Dell, Chairman sold $0 worth of shares at an average price of $0.00 on Mon the 11th. The Chairman now owns $0 of the stock as reported to the SEC. COO, Customer Operations Sanjay Poonen disclosed the sale of 1,134 shares. The shares were purchased at an average price of $106.51. The COO, Customer Operations now owns $20,532,359 of the stock according to the SEC filing.
The following firms have recently changed their position in VMW. As of quarter end Korea Investment Corp had sold 18,400 shares trimming its stake by 25.7%. The value of the investment in Vmware, Inc. Common stock, Clas went from $6,251,000 to $5,798,000 decreasing 7.2% quarter over quarter. Aperio Group, LLC downsized its ownership by selling 32 shares a decrease of 0.0% in the quarter. Aperio Group, LLC claims 69,782 shares with a value of $7,619,000. The value of the position overall is up by 24.8%.
Highstreet Asset Management Inc. grew its investment by buying 1,884 shares an increase of 36.0% from 06/30/2017 to 09/30/2017. Highstreet Asset Management Inc. controls 7,119 shares worth $777,000. The total value of its holdings increased 69.7%. Andra Ap-fonden reduced its stake by selling 6,484 shares a decrease of 6.4%. Andra Ap-fonden owns 94,400 shares valued at $10,308,000. The value of the position overall is up by 16.9%.
On August 25 BMO Capital kept the stock rating at “Market Perform” but raised the price target from $110.00 to $114.00. August 25 investment analysts at Morgan Stanley left the company rating at “Overweight” and raised the price expectation to $115.00 from $86.00.
On September 5, 2017 Credit Suisse starting coverage on the stock with a rating of “Outperform”. On September 14 the company was upgraded from “Equal-Weight” to “Overweight” with a current price target of $130.00 in an announcement from Barclays.
Equity analyst Barclays upgraded the stock and raised the price target on September 14 changing the price target from $109.00 to $130.00 and moving the rating from “Equal-Weight” to “Overweight”. September 27 investment analysts at Morgan Stanley kept the company rating at “Overweight” and raised the price target from $115.00 to $123.00.
The most current P/E ratio is 43.08 and the market cap is 48.95B. As of the latest earnings report the EPS was $2.78 and is projected to be $5.07 for the current year with 408,947,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $1.61 and the next full year EPS is projected to be $5.54.
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..