EMC Corporation (EMC) : Banced Corp scooped up 2,400 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 38,523 shares of EMC Corporation which is valued at $984,263.EMC Corporation makes up approximately 1.71% of Banced Corp’s portfolio.
EMC Corporation closed down -0.08 points or -0.31% at $25.55 with 1,25,36,008 shares getting traded on Friday. Post opening the session at $25.64, the shares hit an intraday low of $25.53 and an intraday high of $25.76 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Breton Hill Capital Ltd. added EMC to its portfolio by purchasing 56,677 company shares during the most recent quarter which is valued at $1,448,097. EMC Corporation makes up approx 0.53% of Breton Hill Capital Ltd.’s portfolio.Ct Mason reduced its stake in EMC by selling 15,000 shares or 46.96% in the most recent quarter. The Hedge Fund company now holds 16,940 shares of EMC which is valued at $436,713. EMC Corporation makes up approx 0.20% of Ct Mason’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in EMC by selling 3,847 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 120,068 shares of EMC which is valued at $3,095,353. EMC Corporation makes up approx 0.62% of First Financial Bank N.a. – Trust Division’s portfolio.Indiana Trust Investment Management Co reduced its stake in EMC by selling 9,320 shares or 25.58% in the most recent quarter. The Hedge Fund company now holds 27,118 shares of EMC which is valued at $699,102. EMC Corporation makes up approx 0.39% of Indiana Trust Investment Management Co’s portfolio.Capital Insight Partners reduced its stake in EMC by selling 2,325 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 88,429 shares of EMC which is valued at $2,279,700. EMC Corporation makes up approx 2.33% of Capital Insight Partners’s portfolio.
On the company’s financial health, EMC Corporation reported $0.65 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus estimate of $0.65. The company had revenue of $7014.00 million for the quarter, compared to analysts expectations of $7131.81 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on EMC Corporation. EMC Corporation was Downgraded by Raymond James to ” Outperform” on Apr 7, 2016. Shares were Upgraded by Maxim Group on Jan 28, 2016 to ” Buy” and Lowered the Price Target to $ 28.50 from a previous price target of $30 .
EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops delivers and supports the 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 and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store manage protect analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center Cloud Services and End-User Computing. Pivotal’s three offerings include the Pivotal Big Data Suite Pivotal Labs and Pivotal Cloud Foundry.