EMC Corporation (EMC) : Banced Corp reduced its stake in EMC Corporation by 20.54% during the most recent quarter end. The investment management company now holds a total of 30,612 shares of EMC Corporation which is valued at $842,748 after selling 7,911 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.EMC Corporation makes up approximately 1.47% of Banced Corp’s portfolio.
Other Hedge Funds, Including , Cornerstone Investment Partners reduced its stake in EMC by selling 2,358 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 71,970 shares of EMC which is valued at $1,981,334. EMC Corporation makes up approx 0.07% of Cornerstone Investment Partners’s portfolio.Alpha Windward reduced its stake in EMC by selling 371 shares or 5.12% in the most recent quarter. The Hedge Fund company now holds 6,877 shares of EMC which is valued at $189,186. EMC Corporation makes up approx 0.13% of Alpha Windward’s portfolio.Dnb Asset Management As boosted its stake in EMC in the latest quarter, The investment management firm added 24,500 additional shares and now holds a total of 341,925 shares of EMC Corporation which is valued at $9,406,357. EMC Corporation makes up approx 0.20% of Dnb Asset Management As’s portfolio.Perkins Coie Trust Co reduced its stake in EMC by selling 4,473 shares or 5.14% in the most recent quarter. The Hedge Fund company now holds 82,533 shares of EMC which is valued at $2,270,483. EMC Corporation makes up approx 1.48% of Perkins Coie Trust Co’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in EMC in the latest quarter, The investment management firm added 1,549 additional shares and now holds a total of 121,617 shares of EMC Corporation which is valued at $3,318,928. EMC Corporation makes up approx 0.64% of First Financial Bank N.a. – Trust Division’s portfolio.
EMC Corporation opened for trading at $27.53 and hit $27.61 on the upside on Friday, eventually ending the session at $27.55, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 1,69,57,435 shares. Company has a market cap of $53,811 M.
On the company’s financial health, EMC Corporation reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $0.42. The company had revenue of $6017.00 million for the quarter, compared to analysts expectations of $5999.00 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on EMC Corporation. EMC Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jul 18, 2016. EMC Corporation was Downgraded by Macquarie to ” Neutral” on Jul 13, 2016. Mizuho Downgraded EMC Corporation on Jul 12, 2016 to ” Neutral”, Price Target of the shares are set at $29.50.
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.