VMware, Inc. (NYSE:VMW) COO Rajiv Ramaswami sold 12,345 shares of VMware stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $143.73, for a total value of $1,774,346.85. Following the completion of the transaction, the chief operating officer now owns 218,011 shares in the company, valued at approximately $31,334,721.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Rajiv Ramaswami also recently made the following trade(s):
On Friday, September 14th, Rajiv Ramaswami sold 6,000 shares of VMware stock. The stock was sold at an average price of $160.00, for a total value of $960,000.00.
Shares of VMW traded up $7.56 during mid-day trading on Wednesday, hitting $159.76. The company had a trading volume of 1,777,500 shares, compared to its average volume of 1,960,339. The stock has a market capitalization of $62.91 billion, a PE ratio of 41.39, a P/E/G ratio of 2.46 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.01 and a current ratio of 3.01. VMware, Inc. has a 1-year low of $108.46 and a 1-year high of $165.00.
VMW has been the topic of a number of research reports. Royal Bank of Canada raised their target price on shares of VMware to $180.00 and gave the stock an outperform rating in a research report on Friday, August 24th. Stifel Nicolaus lifted their price objective on shares of VMware from $122.00 to $142.00 and gave the stock a hold rating in a research note on Friday, August 24th. Zacks Investment Research raised shares of VMware from a sell rating to a hold rating in a report on Tuesday, August 21st. JPMorgan Chase & Co. upped their price objective on shares of VMware from $150.00 to $165.00 and gave the company an overweight rating in a research note on Friday, August 24th. Finally, Maxim Group upped their price objective on shares of VMware from $142.00 to $150.00 and gave the stock a hold rating in a report on Friday, August 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the companys stock. The company has an average rating of Buy and a consensus target price of $158.04.
Several hedge funds and other institutional investors have recently bought and sold shares of VMW. Dimensional Fund Advisors LP increased its stake in shares of VMware by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 91,373 shares of the virtualization software providers stock worth $11,081,000 after buying an additional 905 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in VMware during the second quarter valued at $468,000. State of Alaska Department of Revenue increased its stake in VMware by 26.1% during the second quarter. State of Alaska Department of Revenue now owns 9,669 shares of the virtualization software providers stock valued at $1,420,000 after purchasing an additional 2,000 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in VMware during the second quarter valued at $4,588,000. Finally, First Citizens Bank & Trust Co. bought a new stake in VMware during the second quarter valued at $1,329,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.
This article provided by NewsEdge.