S. Muoio buys $11,392,000 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : S. Muoio scooped up 360,000 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 400,000 shares of EMC Corporation which is valued at $11,392,000.EMC Corporation makes up approximately 5.72% of S. Muoio’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in EMC in the latest quarter, The investment management firm added 338,948 additional shares and now holds a total of 50,196,650 shares of EMC Corporation which is valued at $1,429,600,592. EMC Corporation makes up approx 0.22% of Blackrock Institutional Trust Company N.a.’s portfolio.Taylor Cottrill Erickson Associates reduced its stake in EMC by selling 1,890 shares or 4.98% in the most recent quarter. The Hedge Fund company now holds 36,065 shares of EMC which is valued at $1,027,492. EMC Corporation makes up approx 0.28% of Taylor Cottrill Erickson Associates’s portfolio.Wealth Architects boosted its stake in EMC in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 9,843 shares of EMC Corporation which is valued at $280,427. EMC Corporation makes up approx 0.13% of Wealth Architects’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in EMC by selling 14,176 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 2,881,200 shares of EMC which is valued at $81,480,336. EMC Corporation makes up approx 0.65% of Public Employees Retirement Association Of Colorado’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.

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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