Levy Harkins Co Inc Lowers stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Levy Harkins Co Inc reduced its stake in EMC Corporation by 17.31% during the most recent quarter end. The investment management company now holds a total of 357,110 shares of EMC Corporation which is valued at $9.9 Million after selling 74,777 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on May 26, 2016.EMC Corporation makes up approximately 4.22% of Levy Harkins Co Inc’s portfolio.

Other Hedge Funds, Including , J.p. Marvel Investment Advisors reduced its stake in EMC by selling 5,310 shares or 4.14% in the most recent quarter. The Hedge Fund company now holds 122,990 shares of EMC which is valued at $3.4 Million. EMC Corporation makes up approx 1.18% of J.p. Marvel Investment Advisors’s portfolio. Aureus Asset Management sold out all of its stake in EMC during the most recent quarter. The investment firm sold 9,000 shares of EMC which is valued $246,330. Halbert Hargroverussell sold out all of its stake in EMC during the most recent quarter. The investment firm sold 8,321 shares of EMC which is valued $227,746.Tredje Ap-fonden boosted its stake in EMC in the latest quarter, The investment management firm added 61,711 additional shares and now holds a total of 191,451 shares of EMC Corporation which is valued at $5.2 Million. EMC Corporation makes up approx 0.24% of Tredje Ap-fonden’s portfolio.

EMC Corporation (EMC) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $27.74 and reached the intraday high at $27.98. The bulls started the profit booking and pushed the shares to intraday low of $27.72. The trading session was marked by a volume range of 1,01,09,870 shares exchanging hands. The 52-week high of the shares is $28.77 and the 52-week low is $22.66. The market cap of the company stands at $54,592 M and there are 1,95,31,96,700 shares in public circulation.

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.

Investors should note that on May 16, 2016, EMC Corporation announced a cash dividend of $0.1150. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 22, 2016.

Many Wall Street Analysts have commented on EMC Corporation. EMC Corporation was Downgraded by Sterne Agee CRT to ” Neutral” on Jun 2, 2016. UBS Downgraded EMC Corporation on Jun 1, 2016 to ” Neutral”, Price Target of the shares are set at $30.EMC Corporation was Downgraded by Longbow to ” Neutral” on May 27, 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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