Vmware, Inc. (VMW) Files Form 4 Insider Selling : Sanjay Poonen Sells 5,500 Shares

Vmware, Inc. (VMW): Sanjay Poonen , EVP, GM, EUC, Head Global Mktg of Vmware, Inc. sold 5,500 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $60.08 per share for a total value of $330,440.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, S. Dawn Smith (Senior VP, Chief Legal Officer) sold 6,910 shares at $59.45 per share price.On May 3, 2016, Maurizio Carli (EVP, Worldwide Sales) sold 12,880 shares at $56.01 per share price.Also, On Apr 28, 2016, Sanjay Poonen (EVP, GM, EUC, Head Global Mktg) sold 13,000 shares at $57.80 per share price.On May 26, 2015, Paul Maritz (director) sold 271,757 shares at $87.37 per share price.

VMware: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in VMware which led to swings in the share price. The shares opened for trading at $60.5 and hit $61.74 on the upside , eventually ending the session at $61.51, with a gain of 1.57% or 0.95 points. The heightened volatility saw the trading volume jump to 23,54,803 shares. The 52-week high of the share price is $93.43 and the company has a market cap of $26,097 M . The 52-week low of the share price is at $43.25.

VMware Money Flow Index Chart

Company has been under the radar of several Street Analysts.VMware is Reiterated by BMO Capital Markets to Market Perform and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $52 .The Rating was issued on Apr 20, 2016.VMware is Reiterated by Maxim Group to Hold and the brokerage firm has raised the Price Target to $ 68 from a previous price target of $61 .The Rating was issued on Apr 20, 2016.VMware is Reiterated by FBN Securities to Outperform and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $60 .The Rating was issued on Apr 20, 2016.VMware is Reiterated by Drexel Hamilton to Buy and the brokerage firm has raised the Price Target to $ 77 from a previous price target of $71 .The Rating was issued on Apr 20, 2016.

VMware Inc. is a provider of virtualization infrastructure solutions. The Company 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 SDDC is designed to transform 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 hybrid cloud computing enables customers to utilize off-premise vSphere-based hybrid cloud computing capacity. End-user computing enables information technology (IT) organizations to deliver secure access to data applications and devices to end users.

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