Rdl Financial Inc buys $1,298,779 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Rdl Financial Inc scooped up 36,639 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 46,056 shares of EMC Corporation which is valued at $1,298,779.EMC Corporation makes up approximately 0.94% of Rdl Financial Inc’s portfolio.

Other Hedge Funds, Including , Ifc Holdings Incorporatedfl reduced its stake in EMC by selling 1,307 shares or 12.73% in the most recent quarter. The Hedge Fund company now holds 8,957 shares of EMC which is valued at $252,587. EMC Corporation makes up approx 0.03% of Ifc Holdings Incorporatedfl’s portfolio.Roberts Glore Co Inc Il reduced its stake in EMC by selling 460 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 26,534 shares of EMC which is valued at $750,382. EMC Corporation makes up approx 0.55% of Roberts Glore Co Inc Il’s portfolio.Murphy Capital Management Inc reduced its stake in EMC by selling 1,702 shares or 11.02% in the most recent quarter. The Hedge Fund company now holds 13,736 shares of EMC which is valued at $386,943. EMC Corporation makes up approx 0.06% of Murphy Capital Management Inc’s portfolio.Boys Arnold Co Inc boosted its stake in EMC in the latest quarter, The investment management firm added 31,322 additional shares and now holds a total of 74,485 shares of EMC Corporation which is valued at $2,051,317. EMC Corporation makes up approx 0.34% of Boys Arnold Co Inc’s portfolio.

EMC Corporation opened for trading at $28.42 and hit $28.47 on the upside on Monday, eventually ending the session at $28.45, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 91,71,433 shares. Company has a market cap of $55,568 M.

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.

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