Alpine Partners Vi buys $11,771,610 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Alpine Partners Vi scooped up 264,843 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 413,329 shares of EMC Corporation which is valued at $11,771,610.EMC Corporation makes up approximately 5.33% of Alpine Partners Vi’s portfolio.

Other Hedge Funds, Including , Pacer Advisors boosted its stake in EMC in the latest quarter, The investment management firm added 3,884 additional shares and now holds a total of 40,385 shares of EMC Corporation which is valued at $1,150,165. EMC Corporation makes up approx 0.17% of Pacer Advisors’s portfolio.Gerstein Fisher boosted its stake in EMC in the latest quarter, The investment management firm added 21,124 additional shares and now holds a total of 45,320 shares of EMC Corporation which is valued at $1,291,167. EMC Corporation makes up approx 0.16% of Gerstein Fisher’s portfolio. Agf Investments America sold out all of its stake in EMC during the most recent quarter. The investment firm sold 67,186 shares of EMC which is valued $1,894,645.Gemmer Asset Management boosted its stake in EMC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 2,073 shares of EMC Corporation which is valued at $58,894. EMC Corporation makes up approx 0.03% of Gemmer Asset Management’s portfolio.Havens Advisors boosted its stake in EMC in the latest quarter, The investment management firm added 99,233 additional shares and now holds a total of 280,000 shares of EMC Corporation which is valued at $7,708,400. EMC Corporation makes up approx 6.72% of Havens Advisors’s portfolio.

EMC Corporation closed down -0.03 points or -0.10% at $28.67 with 97,20,699 shares getting traded on Monday. Post opening the session at $28.7, the shares hit an intraday low of $28.62 and an intraday high of $28.78 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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