Vmware, Inc. (VMW) Files Form 4 Insider Selling : S. Dawn Smith Sells 6,910 Shares

Vmware, Inc. (VMW): S. Dawn Smith , Senior VP, Chief Legal Officer of Vmware, Inc. sold 6,910 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were sold at $59.45 per share for a total value of $410,799.50 , 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 3, 2016, Maurizio Carli (EVP, Worldwide Sales) sold 12,880 shares at $56.01 per share price.On Apr 28, 2016, Sanjay Poonen (EVP, GM, EUC, Head Global Mktg) sold 13,000 shares at $57.80 per share price.Also, On Jun 3, 2015, S. Dawn Smith (Senior VP and General Counsel) sold 909 shares at $88.60 per share price.On May 26, 2015, Paul Maritz (director) sold 271,757 shares at $87.37 per share price.

Shares of VMware (VMW) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.73 points or -1.23% at $58.8 with 21,67,747 shares getting traded. Post opening the session at $59.33, the shares hit an intraday low of $58.65 and an intraday high of $59.49 and the price vacillated in this range throughout the day. The company has a market cap of $24,947 M and the number of outstanding shares has been calculated to be 42,42,72,590 shares. The 52-week high of VMware is $93.43 and the 52-week low is $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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