EMC Corporation (EMC) : Harvard Management Co Inc added new position in EMC Corporation during the most recent quarter end. The investment management firm now holds 912,129 shares of EMC Corporation which is valued at $25 Million , the company said in a statement filed on May 13, 2016 with the SEC.EMC Corporation makes up approximately 4.22% of Harvard Management Co Inc’s portfolio.
Other Hedge Funds, Including , Verition Fund Management added EMC to its portfolio by purchasing 8,981 company shares during the most recent quarter which is valued at $245,810. EMC Corporation makes up approx 0.07% of Verition Fund Management’s portfolio.Bb&t Securities reduced its stake in EMC by selling 15,759 shares or 13.02% in the most recent quarter. The Hedge Fund company now holds 105,248 shares of EMC which is valued at $2.9 Million. EMC Corporation makes up approx 0.05% of Bb&t Securities’s portfolio.Adell Harriman Carpenter Inc reduced its stake in EMC by selling 6,125 shares or 10.85% in the most recent quarter. The Hedge Fund company now holds 50,340 shares of EMC which is valued at $1.4 Million. EMC Corporation makes up approx 0.37% of Adell Harriman Carpenter Inc’s portfolio.Ftb Advisors boosted its stake in EMC in the latest quarter, The investment management firm added 16,238 additional shares and now holds a total of 196,732 shares of EMC Corporation which is valued at $5.4 Million. EMC Corporation makes up approx 0.61% of Ftb Advisors’s portfolio.Putnam Fl Investment Management Co reduced its stake in EMC by selling 257 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 10,308 shares of EMC which is valued at $272,544. EMC Corporation makes up approx 0.03% of Putnam Fl Investment Management Co’s portfolio.
EMC Corporation closed down -0.05 points or -0.18% at $27.82 with 74,63,114 shares getting traded on Wednesday. Post opening the session at $27.84, the shares hit an intraday low of $27.78 and an intraday high of $27.91 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, EMC Corporation reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.33. The company had revenue of $5475.00 million for the quarter, compared to analysts expectations of $5640.05 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.
Investors should note that on May 16, 2016, EMC Corporation announced a cash dividend of $0.1150. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 22, 2016.
Many Wall Street Analysts have commented on EMC Corporation. Company shares were Reiterated by Deutsche Bank on Apr 21, 2016 to “Hold”, Firm has raised the Price Target to $ 27 from a previous price target of $26 .Company shares were Reiterated by Maxim Group on Apr 20, 2016 to “Hold”, Firm has raised the Price Target to $ 31.50 from a previous price target of $31 .EMC Corporation was Downgraded by Raymond James to ” Outperform” on Apr 7, 2016.
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.