EMC Corporation (EMC) : Thompson Investment Management reduced its stake in EMC Corporation by 0.77% during the most recent quarter end. The investment management company now holds a total of 142,851 shares of EMC Corporation which is valued at $4,028,398 after selling 1,110 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.EMC Corporation makes up approximately 0.79% of Thompson Investment Management’s portfolio.
Other Hedge Funds, Including , Mondrian Investment Partners Ltd reduced its stake in EMC by selling 326,846 shares or 18.45% in the most recent quarter. The Hedge Fund company now holds 1,445,057 shares of EMC which is valued at $40,750,607. EMC Corporation makes up approx 0.96% of Mondrian Investment Partners Ltd’s portfolio.Stoneridge Investment Partners boosted its stake in EMC in the latest quarter, The investment management firm added 2,148 additional shares and now holds a total of 68,174 shares of EMC Corporation which is valued at $1,932,051. EMC Corporation makes up approx 0.27% of Stoneridge Investment Partners’s portfolio. Sanders Morris Harris sold out all of its stake in EMC during the most recent quarter. The investment firm sold 9,210 shares of EMC which is valued $261,011.Huntington National Bank reduced its stake in EMC by selling 434,145 shares or 50.29% in the most recent quarter. The Hedge Fund company now holds 429,055 shares of EMC which is valued at $12,159,419. EMC Corporation makes up approx 0.30% of Huntington National Bank’s portfolio.Cornerstone Investment Partners reduced its stake in EMC by selling 2,358 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 71,970 shares of EMC which is valued at $1,981,334. EMC Corporation makes up approx 0.07% of Cornerstone Investment Partners’s portfolio.
EMC Corporation (EMC) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $28.24 and reached the intraday high at $28.28. The bulls started the profit booking and pushed the shares to intraday low of $28.15. The trading session was marked by a volume range of 78,29,142 shares exchanging hands. The 52-week high of the shares is $28.77 and the 52-week low is $22.66. The market cap of the company stands at $55,080 M and there are 1,95,31,96,700 shares in public circulation.
On the company’s financial health, EMC Corporation reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $0.42. The company had revenue of $6017.00 million for the quarter, compared to analysts expectations of $5999.00 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on EMC Corporation. EMC Corporation was Downgraded by Bernstein to ” Mkt Perform” on Jul 29, 2016. EMC Corporation was Resumed by Citigroup to “Neutral” on Jul 26, 2016. EMC Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jul 18, 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.