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NEW YORK ( TheStreet) -- VMWare (NYSE: VMW) hit a new 52-week high Thursday as it is currently trading at $111.50, above its previous 52-week high of $111.43 with 661,737 shares traded as of 11:05 a.m. ET. Average volume has been two million shares over the past 30 days. VMWare has a market cap of $11.32 billion and is part of the technology sector and computer software & services industry. Shares are up 30.5% year to date as of the close of trading on Wednesday. VMware, Inc. provides virtualization and virtualization-based cloud infrastructure solutions in the United States and internationally. The company has a P/E ratio of 64.6, above the average computer software & services industry P/E ratio of 55.2 and above the S&P 500 P/E ratio of 17.7.