EMC Corporation (EMC) : Pensionfund Dsm Netherlands scooped up 11,000 additional shares in EMC Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 169,600 shares of EMC Corporation which is valued at $4.4 Million.EMC Corporation makes up approximately 0.60% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Cacti Asset Management reduced its stake in EMC by selling 750 shares or 24.59% in the most recent quarter. The Hedge Fund company now holds 2,300 shares of EMC which is valued at $61,709. EMC Corporation makes up approx 0.01% of Cacti Asset Management’s portfolio.Beacon Financial Group boosted its stake in EMC in the latest quarter, The investment management firm added 1,575 additional shares and now holds a total of 10,803 shares of EMC Corporation which is valued at $289,844. EMC Corporation makes up approx 0.06% of Beacon Financial Group’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 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.