EMC Corporation (EMC) : Seaward Management Limited Partnership reduced its stake in EMC Corporation by 26.88% during the most recent quarter end. The investment management company now holds a total of 289,837 shares of EMC Corporation which is valued at $7,700,969 after selling 106,544 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.EMC Corporation makes up approximately 0.41% of Seaward Management Limited Partnership’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 , Appleton Partners Incma reduced its stake in EMC by selling 4,132 shares or 23.86% in the most recent quarter. The Hedge Fund company now holds 13,189 shares of EMC which is valued at $350,432. EMC Corporation makes up approx 0.07% of Appleton Partners Incma’s portfolio.Portland Global Advisors reduced its stake in EMC by selling 175 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 53,731 shares of EMC which is valued at $1,427,633. EMC Corporation makes up approx 0.67% of Portland Global Advisors’s portfolio.Moreno Evelyn V reduced its stake in EMC by selling 850 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 139,718 shares of EMC which is valued at $3,712,307. EMC Corporation makes up approx 1.42% of Moreno Evelyn V’s portfolio.Neville Rodie Shaw Inc reduced its stake in EMC by selling 2,300 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 135,670 shares of EMC which is valued at $3,466,369. EMC Corporation makes up approx 0.42% of Neville Rodie Shaw Inc’s portfolio.Heritage Investors Management Corp reduced its stake in EMC by selling 94,368 shares or 14.55% in the most recent quarter. The Hedge Fund company now holds 554,233 shares of EMC which is valued at $14,160,653. EMC Corporation makes up approx 1.08% of Heritage Investors Management Corp’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.