Horrell Capital Management Lowers stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Horrell Capital Management reduced its stake in EMC Corporation by 20.53% during the most recent quarter end. The investment management company now holds a total of 2,942 shares of EMC Corporation which is valued at $78,169 after selling 760 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.EMC Corporation makes up approximately 0.05% of Horrell Capital Management’s portfolio.

EMC Corporation closed down -0.01 points or -0.04% at $26.47 with 1,16,66,570 shares getting traded on Wednesday. Post opening the session at $26.45, the shares hit an intraday low of $26.285 and an intraday high of $26.51 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Gw Henssler Associates Ltd reduced its stake in EMC by selling 1,988 shares or 14.47% in the most recent quarter. The Hedge Fund company now holds 11,748 shares of EMC which is valued at $312,144. EMC Corporation makes up approx 0.04% of Gw Henssler Associates Ltd’s portfolio. Sentinel Trust Co Lba sold out all of its stake in EMC during the most recent quarter. The investment firm sold 73,049 shares of EMC which is valued $1,866,402.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.

On the company’s financial health, EMC Corporation reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.33. The company had revenue of $5475.00 million for the quarter, compared to analysts expectations of $5640.05 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on EMC Corporation. Company shares were Reiterated by Deutsche Bank on Apr 21, 2016 to “Hold”, Firm has raised the Price Target to $ 27 from a previous price target of $26 .Company shares were Reiterated by Maxim Group on Apr 20, 2016 to “Hold”, Firm has raised the Price Target to $ 31.50 from a previous price target of $31 .EMC Corporation was Downgraded by Raymond James to ” Outperform” on Apr 7, 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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