Brokerage Analysts Start Covering These Tech Shares Ahead of Year’s End

Here are companies for which stock analysts initiated coverage in the Technology sector for the week ending December 23rd, 2011:

NetScout Systems (NASDAQ:NTCT): Wunderlich initiated coverage of this company with a rating of Hold and a price target of $16 >> $19 on Dec 20th. The shares recently traded at $17.89, down $0.57, or 3.09% since the analyst’s rating. About the company: NetScout Systems, Inc. designs, develops, manufactures, markets, and supports a family of products that enable businesses and service providers to manage the performance of computer networks and business software applications. The Company’s Application Flow Management solution consists of data collection devices and analysis and presentation software. Get the most recent company news and stock data here >>

Broadcom (NASDAQ:BRCM): MKM Partners initiated coverage of this company with a rating of Buy and a price target of $35 on Dec 21st. The shares recently traded at $29.77, up $0.88, or 3.05% since the analyst’s rating. About the company: Broadcom Corporation provides integrated silicon solutions that enable broadband digital data transmission of voice, data, and video content to the home and within the business enterprise. The Company designs, develops, and supplies integrated circuits for cable set-top boxes, cable modems, high-speed networking, direct satellite and digital broadcast, and digital subscriber line. Get the most recent company news and stock data here >>

Xilinx (NASDAQ:XLNX): MKM Partners initiated coverage of this company with a rating of Neutral and a price target of $29 on Dec 21st. The shares recently traded at $32.35, up $0.43, or 1.35% since the analyst’s rating. About the company: Xilinx, Inc. designs, develops, and markets complete programmable logic solutions. The Company’s solutions include advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic, and field engineering support. Xilinx sells its products through several channels of distribution to customers in the United States and overseas. Get the most recent company news and stock data here >>

Altera (NASDAQ:ALTR): MKM Partners initiated coverage of this company with a rating of Neutral and a price target of $33 on Dec 21st. The shares recently traded at $37.58, up $1.88, or 5.27% since the analyst’s rating. About the company: Altera Corporation designs, manufactures, and markets programmable logic devices and associated development tools. The Company’s products, include a variety of programmable logic devices and hardcopy application-specific integrated circuits. Get the most recent company news and stock data here >>

Orion Energy Systems (NYSE:OESX): JMP Securities initiated coverage of this company with a rating of Mkt Outperform and a price target of $5 on Dec 21st. The shares recently traded at $2.98, up $0.1, or 3.47% since the analyst’s rating. About the company: Orion Energy Systems Inc designs, manufactures, and implements energy management systems. The Company’s management system is comprised of high intensity fluorescent lighting system, InteLite intelligent lighting controls, and Apollo Light Pipe. Orion Energy Systems offers energy savings and efficiency gains to commercial and industrial customers. Get the most recent company news and stock data here >>

Acuity Brands (NYSE:AYI): JMP Securities initiated coverage of this company with a rating of Mkt Outperform and a price target of $63 on Dec 21st. The shares recently traded at $52.41, up $1.07, or 2.08% since the analyst’s rating. About the company: Acuity Brands, Inc. manufactures and sells lighting equipment and chemicals. The Company provides indoor and outdoor lighting equipment for commercial, industrial, outdoor, and residential applications. Acuity also provides a range of chemical products, including industrial and institutional maintenance and sanitation products, pest control products, and lawn and garden products. Get the most recent company news and stock data here >>

Datalink (NASDAQ:DTLK): Dougherty & Company initiated coverage of this company with a rating of Buy and a price target of $13 on Dec 21st. The shares recently traded at $8.11, up $0.33, or 4.24% since the analyst’s rating. About the company: Datalink Corporation is an information architect. The Company analyzes, designs, implements, and supports information storage infrastructure that store, protect, and provide continuous access to information. Datalink’s specialized capabilities and solutions span various networked storage products, incorporating hardware, software, and technical services. Get the most recent company news and stock data here >>

Virtusa (NASDAQ:VRTU): BB&T Capital Mkts initiated coverage of this company with a rating of Hold on Dec 21st. The shares recently traded at $15.22, up $0.11, or 0.73% since the analyst’s rating. About the company: Virtusa Corporation is a global information technology services company. The Company’s services include a broad range of information technology services, including IT consulting, technology implementation and application outsourcing. Get the most recent company news and stock data here >>

RealPage (NASDAQ:RP): Barrington Research initiated coverage of this company with a rating of Outperform and a price target of $32 on Dec 21st. The shares recently traded at $25.59, up $0.09, or 0.35% since the analyst’s rating. About the company: RealPage, Inc. provides products and services to the multifamily real estate industry. The Company’s services include applicant screening, accounting, budgeting, property management, and compliance reporting. RealPage also develops and delivers proprietary Web-based applications that enhance client information management capabilities. Get the most recent company news and stock data here >>

Veeco Instruments (NASDAQ:VECO): Needham initiated coverage of this company with a rating of Hold on Dec 21st. The shares recently traded at $21.32, down $0.02, or 0.09% since the analyst’s rating. About the company: Veeco Instruments Inc. manufactures enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. The Company has technology positions in three businesses: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology Instruments. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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