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Shares of VMware (NYSE:VMW) hit a new 52-week high during mid-day trading on Thursday, American Banking News reports. The stock traded as high as $101.52 and last traded at $98.63, with a volume of 2,678,260 shares trading hands. The stock had previously closed at $98.33.

A number of analysts have recently weighed in on VMW shares. Analysts at Citigroup Inc. upgraded shares of VMware from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $120.00 price target on the stock, up previously from $87.00. Separately, analysts at Macquarie initiated coverage on shares of VMware in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of VMware from $102.00 to $114.00 in a research note to investors on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. VMware presently has a consensus rating of “Hold” and a consensus price target of $107.93.

VMware has a one year low of $64.86 and a one year high of $99.10. The stock has a 50-day moving average of $88.18 and a 200-day moving average of $82.55. The company has a market cap of $42.503 billion and a P/E ratio of 47.97.

VMware, Inc is the provider of virtualization infrastructure solutions utilized by organizations to help transform the way they build, deliver and consume information technology (NYSE:VMW) resources.

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