Shares of EMC Co. (NYSE:EMC) have been given an average recommendation of “Hold” by the twenty-one ratings firms that are currently covering the company. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.46.

Several brokerages have weighed in on EMC. Robert W. Baird reaffirmed a “hold” rating on shares of EMC in a research note on Sunday, September 11th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of EMC in a research note on Thursday, September 8th. Hilliard Lyons lowered shares of EMC from a “buy” rating to a “neutral” rating in a research note on Thursday, September 1st. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of EMC in a research note on Wednesday, August 31st. Finally, Deutsche Bank AG increased their target price on shares of EMC from $27.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 25th.

EMC (NYSE:EMC) opened at 29.05 on Tuesday. EMC has a 12 month low of $22.99 and a 12 month high of $29.13. The stock has a 50 day moving average of $28.52 and a 200-day moving average of $27.28.

Institutional investors have recently made changes to their positions in the company. Omni Partners LLP raised its position in shares of EMC by 657.2% in the second quarter. Omni Partners LLP now owns 928,413 shares of the information technology service provider’s stock worth $25,225,000 after buying an additional 805,796 shares during the period. Cowen Group Inc. raised its position in shares of EMC by 39.7% in the second quarter. Cowen Group Inc. now owns 7,268,303 shares of the information technology service provider’s stock worth $197,480,000 after buying an additional 2,067,116 shares during the period. York Capital Management Global Advisors LLC raised its position in shares of EMC by 30.4% in the first quarter. York Capital Management Global Advisors LLC now owns 11,013,526 shares of the information technology service provider’s stock worth $293,510,000 after buying an additional 2,567,922 shares during the period. ING Groep NV raised its position in shares of EMC by 28.1% in the second quarter. ING Groep NV now owns 3,154,961 shares of the information technology service provider’s stock worth $85,720,000 after buying an additional 692,916 shares during the period. Finally, Whitebox Advisors LLC raised its position in shares of EMC by 25.3% in the second quarter. Whitebox Advisors LLC now owns 1,914,856 shares of the information technology service provider’s stock worth $52,027,000 after buying an additional 387,000 shares during the period. Institutional investors and hedge funds own 79.86% of the company’s stock.

About EMC

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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