Shares of VMware (VMW: sentiment, chart, options) fell 3% in Monday trading, after the first set of the company's 37 million equity incentive options to employees vested. However, Jeffries & Co. analyst Katherine Egbert deemed the recent drop in VMW's share price as a buying opportunity for investors, stating, "While limited exercising and selling of shares is likely to occur, traditionally employees tend to hold options." What's more, Egbert upped her price target on VMW to $75 from $70.

Despite today's bullish brokerage behavior, the stock has continued yesterday's trek into the red. In morning trading, the shares are down roughly 75 cents, or 1.05%, flirting with the 65.15 level. The security is now attempting to stay atop support from its 10-week moving average a trendline it hasn't closed a week below since early April.

It seems Egbert is taking the road not taken, as Zacks reports that 11 of 18 ranking analysts rate VMW a "hold" or worse. Meanwhile, short sellers continue to bet against the equity, as short interest currently accounts for more than 38% of the stock's total available float.