Baldwin Investment Management Lowers stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Baldwin Investment Management reduced its stake in EMC Corporation by 2.6% during the most recent quarter end. The investment management company now holds a total of 34,598 shares of EMC Corporation which is valued at $975,664 after selling 925 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.EMC Corporation makes up approximately 0.42% of Baldwin Investment Management’s portfolio.

Other Hedge Funds, Including , Dupont Capital Management Corp reduced its stake in EMC by selling 144,596 shares or 88.87% in the most recent quarter. The Hedge Fund company now holds 18,100 shares of EMC which is valued at $510,420. EMC Corporation makes up approx 0.01% of Dupont Capital Management Corp’s portfolio.Vnbtrust National Association reduced its stake in EMC by selling 130 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 15,257 shares of EMC which is valued at $432,383. EMC Corporation makes up approx 0.25% of Vnbtrust National Association’s portfolio. Mount Vernon Associates Inc Md sold out all of its stake in EMC during the most recent quarter. The investment firm sold 26,815 shares of EMC which is valued $759,937. Stock Yards Bank Trust Co added EMC to its portfolio by purchasing 7,520 company shares during the most recent quarter which is valued at $205,221. EMC Corporation makes up approx 0.03% of Stock Yards Bank Trust Co’s portfolio.

EMC Corporation opened for trading at $28.42 and hit $28.47 on the upside on Monday, eventually ending the session at $28.45, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 91,71,433 shares. Company has a market cap of $55,568 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 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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