Addison Capital Co Lowers stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Addison Capital Co reduced its stake in EMC Corporation by 0.19% during the most recent quarter end. The investment management company now holds a total of 99,733 shares of EMC Corporation which is valued at $2,548,178 after selling 186 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.EMC Corporation makes up approximately 1.92% of Addison Capital Co’s portfolio.

EMC Corporation closed down -0.08 points or -0.31% at $25.55 with 1,25,36,008 shares getting traded on Friday. Post opening the session at $25.64, the shares hit an intraday low of $25.53 and an intraday high of $25.76 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Lau Associates sold out all of its stake in EMC during the most recent quarter. The investment firm sold 34,800 shares of EMC which is valued $889,140. Chicago Trust Co Na sold out all of its stake in EMC during the most recent quarter. The investment firm sold 10,472 shares of EMC which is valued $269,968.Edge Wealth Management reduced its stake in EMC by selling 25,033 shares or 97.9% in the most recent quarter. The Hedge Fund company now holds 536 shares of EMC which is valued at $13,818. EMC Corporation makes up approx 0.01% of Edge Wealth Management’s portfolio.Iowa State Bank boosted its stake in EMC in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 57,951 shares of EMC Corporation which is valued at $1,493,977. EMC Corporation makes up approx 0.85% of Iowa State Bank’s portfolio.

On the company’s financial health, EMC Corporation reported $0.65 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus estimate of $0.65. The company had revenue of $7014.00 million for the quarter, compared to analysts expectations of $7131.81 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on EMC Corporation. EMC Corporation was Downgraded by Raymond James to ” Outperform” on Apr 7, 2016. Shares were Upgraded by Maxim Group on Jan 28, 2016 to ” Buy” and Lowered the Price Target to $ 28.50 from a previous price target of $30 .

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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