Agf Investments America Exits Position in EMC Corporation (EMC)

EMC Corporation (EMC) : Agf Investments America has sold out all of its stake in EMC Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 67,186 shares of EMC Corporation which is valued at $1,894,645.

Other Hedge Funds, Including , Bank Of Hawaii reduced its stake in EMC by selling 4,745 shares or 8.64% in the most recent quarter. The Hedge Fund company now holds 50,182 shares of EMC which is valued at $1,415,132. EMC Corporation makes up approx 0.15% of Bank Of Hawaii’s portfolio.Duff Phelps Investment Management Co reduced its stake in EMC by selling 580 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 25,105 shares of EMC which is valued at $709,969. EMC Corporation makes up approx 0.01% of Duff Phelps Investment Management Co’s portfolio. America First Investment Advisors sold out all of its stake in EMC during the most recent quarter. The investment firm sold 200 shares of EMC which is valued $5,682.Barrett Asset Management reduced its stake in EMC by selling 83 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 19,200 shares of EMC which is valued at $540,864. EMC Corporation makes up approx 0.05% of Barrett Asset Management’s portfolio.

EMC Corporation (EMC) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $28.24 and reached the intraday high at $28.28. The bulls started the profit booking and pushed the shares to intraday low of $28.15. The trading session was marked by a volume range of 78,29,142 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 $55,080 M and there are 1,95,31,96,700 shares in public circulation.

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.

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