Horan Capital Advisors. buys $3,131,775 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Horan Capital Advisors. scooped up 1,950 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 109,964 shares of EMC Corporation which is valued at $3,131,775.EMC Corporation makes up approximately 2.40% of Horan Capital Advisors.’s portfolio.

Other Hedge Funds, Including , Ashfield Capital Partners reduced its stake in EMC by selling 42,148 shares or 57.88% in the most recent quarter. The Hedge Fund company now holds 30,677 shares of EMC which is valued at $873,988. EMC Corporation makes up approx 0.07% of Ashfield Capital Partners’s portfolio.Klcm Advisors boosted its stake in EMC in the latest quarter, The investment management firm added 9,579 additional shares and now holds a total of 18,851 shares of EMC Corporation which is valued at $537,065. EMC Corporation makes up approx 0.18% of Klcm Advisors’s portfolio.Mn Services Vermogensbeheer B.v. boosted its stake in EMC in the latest quarter, The investment management firm added 1,007 additional shares and now holds a total of 49,459 shares of EMC Corporation which is valued at $1,406,119. EMC Corporation makes up approx 0.28% of Mn Services Vermogensbeheer B.v.’s portfolio.Culbertson A N Co Inc reduced its stake in EMC by selling 6,565 shares or 7.13% in the most recent quarter. The Hedge Fund company now holds 85,447 shares of EMC which is valued at $2,352,356. EMC Corporation makes up approx 0.85% of Culbertson A N Co Inc’s portfolio.

EMC Corporation opened for trading at $28.51 and hit $28.72 on the upside on Friday, eventually ending the session at $28.71, with a gain of 0.60% or 0.17 points. The heightened volatility saw the trading volume jump to 2,55,55,325 shares. Company has a market cap of $56,181 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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