Glassman Wealth Services buys $275,014 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Glassman Wealth Services scooped up 2,500 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 9,653 shares of EMC Corporation which is valued at $275,014.EMC Corporation makes up approximately 0.23% of Glassman Wealth Services’s portfolio.

Other Hedge Funds, Including , Brown Advisory Inc reduced its stake in EMC by selling 18,243 shares or 9.46% in the most recent quarter. The Hedge Fund company now holds 174,686 shares of EMC which is valued at $4,969,817. EMC Corporation makes up approx 0.02% of Brown Advisory Inc’s portfolio.Dupont Capital Management Corp reduced its stake in EMC by selling 144,596 shares or 88.87% in the most recent quarter. The Hedge Fund company now holds 18,100 shares of EMC which is valued at $510,420. EMC Corporation makes up approx 0.01% of Dupont Capital Management Corp’s portfolio.Norris Perne French Llpmi reduced its stake in EMC by selling 6,340 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 129,850 shares of EMC which is valued at $3,679,949. EMC Corporation makes up approx 0.77% of Norris Perne French Llpmi’s portfolio.First Quadrant L Pca reduced its stake in EMC by selling 1,200 shares or 0.99% in the most recent quarter. The Hedge Fund company now holds 119,500 shares of EMC which is valued at $3,366,315. EMC Corporation makes up approx 0.07% of First Quadrant L Pca’s portfolio.Highland Capital Management reduced its stake in EMC by selling 11,927 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 433,283 shares of EMC which is valued at $12,205,582. EMC Corporation makes up approx 1.02% of Highland Capital Management’s portfolio.

EMC Corporation closed down -0.12 points or -0.42% at $28.57 with 1,28,09,604 shares getting traded on Wednesday. Post opening the session at $28.68, the shares hit an intraday low of $28.44 and an intraday high of $28.69 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 $0.45 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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