Sand Grove Capital Management Llp buys $37,545,547 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Sand Grove Capital Management Llp scooped up 575,850 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 1,317,850 shares of EMC Corporation which is valued at $37,545,547.EMC Corporation makes up approximately 26.51% of Sand Grove Capital Management Llp’s portfolio.

Other Hedge Funds, Including , Ropes Wealth Advisors reduced its stake in EMC by selling 111 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 59,564 shares of EMC which is valued at $1,696,978. EMC Corporation makes up approx 0.58% of Ropes Wealth Advisors’s portfolio.Reynders Mcveigh Capital Management reduced its stake in EMC by selling 16,413 shares or 5.87% in the most recent quarter. The Hedge Fund company now holds 263,189 shares of EMC which is valued at $7,482,463. EMC Corporation makes up approx 1.04% of Reynders Mcveigh Capital Management’s portfolio.Patton Albertson Miller Group reduced its stake in EMC by selling 8,991 shares or 16.47% in the most recent quarter. The Hedge Fund company now holds 45,615 shares of EMC which is valued at $1,255,781. EMC Corporation makes up approx 0.55% of Patton Albertson Miller Group’s portfolio.Creative Planning boosted its stake in EMC in the latest quarter, The investment management firm added 2,977 additional shares and now holds a total of 70,753 shares of EMC Corporation which is valued at $1,947,830. EMC Corporation makes up approx 0.01% of Creative Planning’s portfolio.Gateway Investment Advisers reduced its stake in EMC by selling 5,313 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 1,534,683 shares of EMC which is valued at $42,249,823. EMC Corporation makes up approx 0.35% of Gateway Investment Advisers’s portfolio.

EMC Corporation closed down -0.01 points or -0.04% at $28.47 with 72,89,261 shares getting traded on Monday. Post opening the session at $28.45, the shares hit an intraday low of $28.4 and an intraday high of $28.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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