Lgt Capital Partners Ltd. buys $20,773,863 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Lgt Capital Partners Ltd. scooped up 177,740 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 11, 2016. The investment management firm now holds a total of 754,590 shares of EMC Corporation which is valued at $20,773,863.EMC Corporation makes up approximately 3.52% of Lgt Capital Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Webster Bank N. A. reduced its stake in EMC by selling 7,998 shares or 18.73% in the most recent quarter. The Hedge Fund company now holds 34,710 shares of EMC which is valued at $955,566. EMC Corporation makes up approx 0.14% of Webster Bank N. A.’s portfolio.Chevy Chase Trust Holdings boosted its stake in EMC in the latest quarter, The investment management firm added 25,652 additional shares and now holds a total of 1,685,175 shares of EMC Corporation which is valued at $46,359,164. EMC Corporation makes up approx 0.25% of Chevy Chase Trust Holdings’s portfolio.Iowa State Bank reduced its stake in EMC by selling 420 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 57,531 shares of EMC which is valued at $1,582,678. EMC Corporation makes up approx 0.80% of Iowa State Bank’s portfolio.

EMC Corporation closed down -0.08 points or -0.29% at $27.53 with 78,71,256 shares getting traded on Wednesday. Post opening the session at $27.57, the shares hit an intraday low of $27.49 and an intraday high of $27.645 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.

Many Wall Street Analysts have commented on EMC Corporation. EMC Corporation was Downgraded by Macquarie to ” Neutral” on Jul 13, 2016. Mizuho Downgraded EMC Corporation on Jul 12, 2016 to ” Neutral”, Price Target of the shares are set at $29.50.EMC Corporation was Downgraded by Sterne Agee CRT to ” Neutral” on Jun 2, 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.

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