EMC Corp. (NYSE:EMC) shares reached a new 52-week high on Monday . The company traded as high as $28.77 and last traded at $28.76, with a volume of 5,816,093 shares trading hands. The stock had previously closed at $28.70.

EMC has been the topic of several research analyst reports. Longbow Research downgraded EMC Corp. from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research note on Friday, May 27th. Citigroup Inc. downgraded EMC Corp. to a “market perform” rating in a research note on Monday, July 18th. Macquarie downgraded EMC Corp. from an “outperform” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Wednesday, July 13th. Argus reaffirmed a “hold” rating on shares of EMC Corp. in a research note on Friday, July 22nd. Finally, Drexel Hamilton reaffirmed a “buy” rating on shares of EMC Corp. in a research note on Sunday, July 24th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have assigned a buy rating to the company. EMC Corp. currently has an average rating of “Hold” and a consensus target price of $30.28.

The company has a 50-day moving average price of $28.30 and a 200-day moving average price of $27.13. The company has a market cap of $56.10 billion and a PE ratio of 26.82.

EMC Corp. (NYSE:EMC) last issued its earnings results on Monday, July 18th. The information technology service provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $6 billion for the quarter, compared to the consensus estimate of $6 billion. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. Equities research analysts forecast that EMC Corp. will post $1.86 earnings per share for the current year.

Several hedge funds and institutional investors have recently added to or reduced their stakes in EMC. Schwab Charles Investment Management Inc. boosted its position in 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 last quarter. American International Group Inc. boosted its position in 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 last quarter. Dimensional Fund Advisors LP boosted its position in EMC Corp. by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,268,410 shares of the information technology service provider’s stock valued at $340,735,000 after buying an additional 296,756 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in EMC Corp. by 131.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 543,792 shares of the information technology service provider’s stock valued at $13,965,000 after buying an additional 308,871 shares during 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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