Investors sold shares of EMC Corp. (NYSE:EMC) on strength during trading on Thursday. $42.16 million flowed into the stock on the tick-up and $80.73 million flowed out of the stock on the tick-down, for a money net flow of $38.57 million out of the stock. Of all equities tracked, EMC Corp. had the 0th highest net out-flow for the day. EMC Corp. traded up $0.04 for the day and closed at $28.21

Several research firms have recently weighed in on EMC. Sterne Agee CRT cut shares of EMC Corp. from a “buy” rating to a “neutral” rating and upped their price target for the company from $27.95 to $28.00 in a report on Thursday, June 2nd. They noted that the move was a valuation call. Morgan Stanley cut shares of EMC Corp. from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $69.00 to $60.00 in a report on Wednesday, June 1st. Longbow Research cut shares of EMC Corp. from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a report on Friday, May 27th. Macquarie cut shares of EMC Corp. from an “outperform” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Wednesday, July 13th. Finally, Citigroup Inc. cut shares of EMC Corp. to a “market perform” rating in a report on Monday. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $30.38.

The stock has a market capitalization of $55.10 billion and a PE ratio of 27.44. The stock has a 50-day moving average of $27.62 and a 200-day moving average of $26.34.

EMC Corp. (NYSE:EMC) last announced its quarterly earnings results on Monday, July 18th. The information technology service provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6 billion. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. Equities research analysts forecast that EMC Corp. will post $1.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 22nd. Stockholders of record on Friday, July 1st will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, June 29th.

Several large investors recently made changes to their positions in the stock. Hamilton Point Investment Advisors LLC boosted its stake in shares of EMC Corp. by 6.3% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 86,721 shares of the information technology service provider’s stock valued at $2,227,000 after buying an additional 5,110 shares in the last quarter. Boston Partners boosted its stake in shares of EMC Corp. by 1.8% in the fourth quarter. Boston Partners now owns 10,089,392 shares of the information technology service provider’s stock valued at $259,096,000 after buying an additional 178,826 shares in the last quarter. Usca Ria LLC boosted its stake in shares of EMC Corp. by 16.3% in the fourth quarter. Usca Ria LLC now owns 115,016 shares of the information technology service provider’s stock valued at $2,954,000 after buying an additional 16,097 shares in the last quarter. Bangor Savings Bank boosted its stake in shares of EMC Corp. by 3.9% in the fourth quarter. Bangor Savings Bank now owns 45,652 shares of the information technology service provider’s stock valued at $1,172,000 after buying an additional 1,724 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of EMC Corp. by 14.8% in the fourth quarter. Gabelli Funds LLC now owns 533,800 shares of the information technology service provider’s stock valued at $13,708,000 after buying an additional 68,800 shares in the last quarter.

EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure, Pivotal and Virtustream.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.