Shares of EMC Corp. (NYSE:EMC) saw unusually-strong trading volume on Tuesday . Approximately 17,501,794 shares traded hands during trading, an increase of 44% from the previous session’s volume of 12,138,008 shares.The stock last traded at $28.92 and had previously closed at $28.67.

Several analysts have recently issued reports on EMC shares. Longbow Research downgraded EMC Corp. from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. 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 target price for the company. in a research note on Wednesday, July 13th. Argus restated a “hold” rating on shares of EMC Corp. in a research note on Friday, July 22nd. Finally, Drexel Hamilton restated a “buy” rating on shares of EMC Corp. in a research note on Sunday, July 24th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. EMC Corp. has a consensus rating of “Hold” and an average target price of $30.28.

The firm has a market cap of $56.73 billion and a price-to-earnings ratio of 27.12. The company has a 50 day moving average of $28.34 and a 200 day moving average of $27.17.

EMC Corp. (NYSE:EMC) last announced its quarterly earnings data on Monday, July 18th. The information technology service provider reported $0.45 EPS 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 analyst estimates of $6 billion. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, analysts expect that EMC Corp. will post $1.86 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have recently made changes to their positions in EMC. BNP Paribas Arbitrage SA increased its position in shares of 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 in the last quarter. American International Group Inc. increased 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 in the last quarter. Schwab Charles Investment Management Inc. increased 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 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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