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Investment analysts at Deutsche Bank boosted their target price on shares of VMware (NYSE:VMW) from $82.00 to $85.00 in a note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential downside of 10.47% from the stock’s previous close.

VMware (NYSE:VMW) traded down 3.28% on Wednesday, hitting $91.83. The stock had a trading volume of 4,798,125 shares. VMware has a 52-week low of $64.86 and a 52-week high of $101.52. The stock’s 50-day moving average is $91.56 and its 200-day moving average is $84.38. The company has a market cap of $39.520 billion and a price-to-earnings ratio of 46.31. VMware also was the target of some unusual options trading on Tuesday. Stock traders acquired 16,536 call options on the stock. This represents an increase of approximately 363% compared to the typical volume of 3,573 call options.

VMware (NYSE:VMW) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.00 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $0.81 earnings per share. VMware’s revenue was up 14.7% compared to the same quarter last year. Analysts expect that VMware will post $3.68 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on VMW. Analysts at Goldman Sachs Group Inc. raised their price target on shares of VMware to $115.00 in a research note to investors on Wednesday. Separately, analysts at Sterne Agee raised their price target on shares of VMware to $109.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James upgraded shares of VMware from an “outperform” rating to a “strong-buy” rating in a research note to investors on Wednesday. They now have a $109.00 price target on the stock. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. VMware presently has an average rating of “Buy” and a consensus price target of $101.00.

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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