Perella Weinberg Partners Capital Management Lp buys $2,969,923 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Perella Weinberg Partners Capital Management Lp scooped up 30,530 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 104,281 shares of EMC Corporation which is valued at $2,969,923.EMC Corporation makes up approximately 1.23% of Perella Weinberg Partners Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Tig Advisors reduced its stake in EMC by selling 75,247 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 5,019,881 shares of EMC which is valued at $142,966,211. EMC Corporation makes up approx 18.16% of Tig Advisors’s portfolio.Capital Investment Counsel Inc reduced its stake in EMC by selling 15,580 shares or 18.58% in the most recent quarter. The Hedge Fund company now holds 68,293 shares of EMC which is valued at $1,944,985. EMC Corporation makes up approx 0.97% of Capital Investment Counsel Inc’s portfolio.Qci Asset Management Incny reduced its stake in EMC by selling 429,316 shares or 99.91% in the most recent quarter. The Hedge Fund company now holds 405 shares of EMC which is valued at $11,514.

EMC Corporation closed down -0.13 points or -0.45% at $28.86 with 3,68,02,117 shares getting traded on Thursday. Post opening the session at $28.89, the shares hit an intraday low of $28.83 and an intraday high of $28.96 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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