EMC Corporation (EMC) : Beaumont Financial Partners scooped up 10,433 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 43,663 shares of EMC Corporation which is valued at $1,243,522.EMC Corporation makes up approximately 0.20% of Beaumont Financial Partners’s portfolio.
Other Hedge Funds, Including , Hudson Bay Capital Management Lp added EMC to its portfolio by purchasing 267,808 company shares during the most recent quarter which is valued at $7,627,172. EMC Corporation makes up approx 0.75% of Hudson Bay Capital Management Lp’s portfolio.Denver Investment Advisors reduced its stake in EMC by selling 328,060 shares or 74.53% in the most recent quarter. The Hedge Fund company now holds 112,104 shares of EMC which is valued at $3,193,843. EMC Corporation makes up approx 0.14% of Denver Investment Advisors’s portfolio.Rfg Advisory Group reduced its stake in EMC by selling 110 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 13,560 shares of EMC which is valued at $382,392. EMC Corporation makes up approx 0.33% of Rfg Advisory Group’s portfolio.Benjamin F. Edwards Company reduced its stake in EMC by selling 1,497 shares or 33.15% in the most recent quarter. The Hedge Fund company now holds 3,019 shares of EMC which is valued at $83,113. EMC Corporation makes up approx 0.02% of Benjamin F. Edwards Company’s portfolio.
EMC Corporation opened for trading at $28.51 and hit $28.72 on the upside on Friday, eventually ending the session at $28.71, with a gain of 0.60% or 0.17 points. The heightened volatility saw the trading volume jump to 2,55,55,325 shares. Company has a market cap of $56,181 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.