Btg Pactual Global Asset Management Ltd buys $2,420,800 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Btg Pactual Global Asset Management Ltd scooped up 65,000 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 85,000 shares of EMC Corporation which is valued at $2,420,800.EMC Corporation makes up approximately 2.48% of Btg Pactual Global Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Tredje Ap-fonden reduced its stake in EMC by selling 24,597 shares or 12.85% in the most recent quarter. The Hedge Fund company now holds 166,854 shares of EMC which is valued at $4,752,002. EMC Corporation makes up approx 0.20% of Tredje Ap-fonden’s portfolio.Blackrock Investment Management boosted its stake in EMC in the latest quarter, The investment management firm added 64,462 additional shares and now holds a total of 4,075,828 shares of EMC Corporation which is valued at $116,079,581. EMC Corporation makes up approx 0.14% of Blackrock Investment Management’s portfolio.Coastline Trust Co reduced its stake in EMC by selling 2,575 shares or 23.51% in the most recent quarter. The Hedge Fund company now holds 8,380 shares of EMC which is valued at $236,065. EMC Corporation makes up approx 0.05% of Coastline Trust Co’s portfolio. Gierl Augustine Investment Management Inc sold out all of its stake in EMC during the most recent quarter. The investment firm sold 150 shares of EMC which is valued $4,130.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 (EMC) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $28.65 and reached the intraday high at $28.7. The bulls started the profit booking and pushed the shares to intraday low of $28.34. The trading session was marked by a volume range of 1,59,93,647 shares exchanging hands. The 52-week high of the shares is $28.77 and the 52-week low is $22.66. The market cap of the company stands at $56,024 M and there are 1,95,68,42,100 shares in public circulation.

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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