Investors sold shares of EMC Corp. (NYSE:EMC) on strength during trading hours on Monday. $29.75 million flowed into the stock on the tick-up and $70.35 million flowed out of the stock on the tick-down, for a money net flow of $40.60 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 $0.15 for the day and closed at $28.56

A number of research analysts have commented on the stock. Brean Capital reissued a “buy” rating on shares of EMC Corp. in a research report on Thursday, April 21st. Zacks Investment Research raised shares of EMC Corp. from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, April 19th. Deutsche Bank AG reissued a “hold” rating and set a $27.00 target price (up previously from $26.00) on shares of EMC Corp. in a research report on Thursday, April 21st. Drexel Hamilton reissued a “buy” rating on shares of EMC Corp. in a research report on Wednesday, April 20th. Finally, Macquarie downgraded shares of EMC Corp. from an “outperform” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $30.29.

The firm’s 50-day moving average is $27.65 and its 200 day moving average is $26.40. The stock has a market cap of $55.78 billion and a PE ratio of 27.78.

EMC Corp. (NYSE:EMC) last issued its earnings results on Monday, July 18th. The information technology service provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. During the same period in the previous year, the company earned $0.43 earnings per share. The firm earned $6 billion during the quarter, compared to analyst estimates of $6 billion. The business’s revenue for the quarter was up .3% on a year-over-year basis. Equities analysts expect that EMC Corp. will post $1.80 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, July 1st were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Wednesday, June 29th.

Several hedge funds and institutional investors recently modified their holdings of EMC. Bangor Savings Bank raised its position 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 worth $1,172,000 after buying an additional 1,724 shares in the last quarter. Hamilton Point Investment Advisors LLC raised its position 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 worth $2,227,000 after buying an additional 5,110 shares in the last quarter. Tradition Capital Management LLC raised its position in shares of EMC Corp. by 0.6% in the fourth quarter. Tradition Capital Management LLC now owns 87,650 shares of the information technology service provider’s stock worth $2,250,000 after buying an additional 500 shares in the last quarter. Napier Park Global Capital US LP bought a new position in shares of EMC Corp. during the fourth quarter worth approximately $2,568,000. Finally, Liberty Mutual Group Asset Management Inc. raised its position in shares of EMC Corp. by 14.1% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 114,969 shares of the information technology service provider’s stock worth $2,952,000 after buying an additional 14,229 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.

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