Cacti Asset Management Lowers stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Cacti Asset Management reduced its stake in EMC Corporation by 24.59% during the most recent quarter end. The investment management company now holds a total of 2,300 shares of EMC Corporation which is valued at $61,709 after selling 750 shares in EMC Corporation according to a report filed by the company on Apr 1, 2016 with the SEC.EMC Corporation makes up approximately 0.01% of Cacti Asset Management’s portfolio.

Other Hedge Funds, Including ,

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 opened for trading at $25.74 and hit $26.01 on the upside on Monday, eventually ending the session at $25.78, with a gain of 0.35% or 0.09 points. The heightened volatility saw the trading volume jump to 1,46,10,844 shares. Company has a market cap of $50,195 M.

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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