EMC Corporation (EMC) : Thompson Investment Management reduced its stake in EMC Corporation by 5.08% during the most recent quarter end. The investment management company now holds a total of 143,961 shares of EMC Corporation which is valued at $3,825,044 after selling 7,700 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.EMC Corporation makes up approximately 0.79% of Thompson Investment 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 , First Quadrant L Pca reduced its stake in EMC by selling 1,000 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 120,700 shares of EMC which is valued at $3,206,999. EMC Corporation makes up approx 0.07% of First Quadrant L Pca’s portfolio.Highland Capital Management reduced its stake in EMC by selling 68,459 shares or 13.33% in the most recent quarter. The Hedge Fund company now holds 445,210 shares of EMC which is valued at $11,375,116. EMC Corporation makes up approx 0.96% of Highland Capital Management’s portfolio.Lowe Fs reduced its stake in EMC by selling 150 shares or 9.04% in the most recent quarter. The Hedge Fund company now holds 1,510 shares of EMC which is valued at $38,581. EMC Corporation makes up approx 0.03% of Lowe Fs’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.