Shares of EMC Corp. (NYSE:EMC) saw an uptick in trading volume on Tuesday . 11,972,064 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 10,962,424 shares.The stock last traded at $28.63 and had previously closed at $28.47.

Several brokerages have issued reports on EMC. Sanford C. Bernstein cut shares of EMC Corp. from an “outperform” rating to a “market perform” rating and set a $28.00 price target for the company. in a research report on Friday, July 29th. Citigroup Inc. assumed coverage on shares of EMC Corp. in a research report on Tuesday, July 26th. They set a “neutral” rating and a $32.09 price objective for the company. Drexel Hamilton reiterated a “buy” rating on shares of EMC Corp. in a research report on Sunday, July 24th. Argus reiterated a “hold” rating on shares of EMC Corp. in a research report on Friday, July 22nd. Finally, Robert W. Baird reiterated an “outperform” rating and set a $29.00 price objective (up from $28.00) on shares of EMC Corp. in a research report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $30.20.

The company’s 50 day moving average is $27.98 and its 200 day moving average is $26.85. The stock has a market cap of $56.04 billion and a P/E ratio of 27.91.

EMC Corp. (NYSE:EMC) last released its earnings results on Monday, July 18th. The information technology service provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. The business earned $6 billion during the quarter, compared to analysts’ expectations of $6 billion. EMC Corp.’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 EPS. On average, analysts predict that EMC Corp. will post $1.85 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Cambria Investment Management L.P. purchased a new stake in shares of EMC Corp. during the fourth quarter valued at about $1,212,000. Tradition Capital Management LLC raised its stake 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 valued at $2,250,000 after buying an additional 500 shares in the last quarter. Calvert Investment Management Inc. raised its stake in shares of EMC Corp. by 39.8% in the fourth quarter. Calvert Investment Management Inc. now owns 95,497 shares of the information technology service provider’s stock valued at $2,452,000 after buying an additional 27,186 shares in the last quarter. Napier Park Global Capital US LP purchased a new stake in shares of EMC Corp. during the fourth quarter valued at about $2,568,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of EMC Corp. by 272.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 103,900 shares of the information technology service provider’s stock valued at $2,668,000 after buying an additional 76,000 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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