Excalibur Management Corp buys $3,074,210 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Excalibur Management Corp scooped up 2,445 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 108,476 shares of EMC Corporation which is valued at $3,074,210.EMC Corporation makes up approximately 2.60% of Excalibur Management Corp’s portfolio.

Other Hedge Funds, Including , Eagle Ridge Investment Management sold out all of its stake in EMC during the most recent quarter. The investment firm sold 139,998 shares of EMC which is valued $3,977,343.Iab Financial Bank reduced its stake in EMC by selling 500 shares or 2.05% in the most recent quarter. The Hedge Fund company now holds 23,900 shares of EMC which is valued at $673,263. EMC Corporation makes up approx 0.41% of Iab Financial Bank’s portfolio.Boys Arnold Co Inc boosted its stake in EMC in the latest quarter, The investment management firm added 31,322 additional shares and now holds a total of 74,485 shares of EMC Corporation which is valued at $2,051,317. EMC Corporation makes up approx 0.34% of Boys Arnold Co Inc’s portfolio.Raymond James Trust N.a. reduced its stake in EMC by selling 3,929 shares or 11.59% in the most recent quarter. The Hedge Fund company now holds 29,977 shares of EMC which is valued at $824,667. EMC Corporation makes up approx 0.07% of Raymond James Trust N.a.’s portfolio.

EMC Corporation closed down -0.06 points or -0.21% at $28.28 with 1,04,78,159 shares getting traded on Friday. Post opening the session at $28.23, the shares hit an intraday low of $28.23 and an intraday high of $28.39 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Bernstein to ” Mkt Perform” on Jul 29, 2016. EMC Corporation was Resumed by Citigroup to “Neutral” on Jul 26, 2016. EMC Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jul 18, 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.

Leave a Reply

EMC Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on EMC Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.