P Schoenfeld Asset Management Lp buys $99,817,957 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : P Schoenfeld Asset Management Lp scooped up 158,281 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 3,504,844 shares of EMC Corporation which is valued at $99,817,957.EMC Corporation makes up approximately 13.85% of P Schoenfeld Asset Management Lp’s portfolio.

Other Hedge Funds, Including , South Dakota Investment Council reduced its stake in EMC by selling 135,286 shares or 18.42% in the most recent quarter. The Hedge Fund company now holds 598,984 shares of EMC which is valued at $17,059,064. EMC Corporation makes up approx 0.36% of South Dakota Investment Council’s portfolio.National Planning Corp reduced its stake in EMC by selling 7,837 shares or 33.35% in the most recent quarter. The Hedge Fund company now holds 15,665 shares of EMC which is valued at $445,669. EMC Corporation makes up approx 0.03% of National Planning Corp’s portfolio.Winslow Asset Management Inc reduced its stake in EMC by selling 4,650 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 223,127 shares of EMC which is valued at $6,347,963. EMC Corporation makes up approx 1.35% of Winslow Asset Management Inc’s portfolio.Finemark National Bank Trust reduced its stake in EMC by selling 631 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 20,526 shares of EMC which is valued at $584,786. EMC Corporation makes up approx 0.06% of Finemark National Bank Trust’s portfolio.Davis R M Inc reduced its stake in EMC by selling 95,665 shares or 13.83% in the most recent quarter. The Hedge Fund company now holds 596,026 shares of EMC which is valued at $16,414,556. EMC Corporation makes up approx 0.79% of Davis R M Inc’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.

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