Traders sold shares of EMC Corp. (NYSE:EMC) on strength during trading on Wednesday. $31.45 million flowed into the stock on the tick-up and $89.24 million flowed out of the stock on the tick-down, for a money net flow of $57.79 million out of the stock. Of all stocks tracked, EMC Corp. had the 4th highest net out-flow for the day. EMC Corp. traded up $0.11 for the day and closed at $28.74

Several equities analysts recently issued reports on the company. Citigroup Inc. assumed coverage on EMC Corp. in a report on Tuesday, July 26th. They issued a “neutral” rating and a $32.09 price target on the stock. Morgan Stanley cut EMC Corp. from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $69.00 to $60.00 in a report on Wednesday, June 1st. Raymond James Financial Inc. cut EMC Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, July 18th. Macquarie cut EMC Corp. from an “outperform” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Wednesday, July 13th. Finally, Sterne Agee CRT cut EMC Corp. from a “buy” rating to a “neutral” rating and raised 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. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.20.

The stock has a market capitalization of $56.24 billion and a price-to-earnings ratio of 26.81. The stock’s 50 day moving average is $28.19 and its 200-day moving average is $27.02.

EMC Corp. (NYSE:EMC) last announced its quarterly earnings data on Monday, July 18th. The information technology service provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $6 billion. EMC Corp.’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. Analysts predict that EMC Corp. will post $1.85 earnings per share for the current fiscal year.

Other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of EMC Corp. by 6.0% in the fourth quarter. Ameriprise Financial Inc. now owns 15,373,457 shares of the information technology service provider’s stock valued at $394,827,000 after buying an additional 867,193 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of EMC Corp. by 4.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 5,441,619 shares of the information technology service provider’s stock valued at $139,741,000 after buying an additional 239,440 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position 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 during the period. Calvert Investment Management Inc. raised its position 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 during the period. Finally, American International Group Inc. raised its position in shares of EMC Corp. by 5.3% in the fourth quarter. American International Group Inc. now owns 884,588 shares of the information technology service provider’s stock valued at $22,716,000 after buying an additional 44,502 shares during the period.

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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