Baupost Groupma buys $1,622,269,928 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Baupost Groupma scooped up 5,110,225 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 56,961,725 shares of EMC Corporation which is valued at $1,622,269,928.EMC Corporation makes up approximately 20.79% of Baupost Groupma’s portfolio.

Other Hedge Funds, Including , Levin Capital Strategies boosted its stake in EMC in the latest quarter, The investment management firm added 643,665 additional shares and now holds a total of 11,211,106 shares of EMC Corporation which is valued at $319,292,299. EMC Corporation makes up approx 5.43% of Levin Capital Strategies’s portfolio. Highpoint Advisor Group added EMC to its portfolio by purchasing 8,212 company shares during the most recent quarter which is valued at $233,878. EMC Corporation makes up approx 0.08% of Highpoint Advisor Group’s portfolio.Linscomb Williams reduced its stake in EMC by selling 1,315 shares or 6.51% in the most recent quarter. The Hedge Fund company now holds 18,883 shares of EMC which is valued at $536,844. EMC Corporation makes up approx 0.05% of Linscomb Williams’s portfolio.Montag A Associates Inc reduced its stake in EMC by selling 8,874 shares or 44.59% in the most recent quarter. The Hedge Fund company now holds 11,026 shares of EMC which is valued at $310,933. EMC Corporation makes up approx 0.04% of Montag A Associates Inc’s portfolio.Cwm boosted its stake in EMC in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 201 shares of EMC Corporation which is valued at $5,710.

EMC Corporation closed down -0.03 points or -0.10% at $28.67 with 97,20,699 shares getting traded on Monday. Post opening the session at $28.7, the shares hit an intraday low of $28.62 and an intraday high of $28.78 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

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