Strs Ohio Lowers stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Strs Ohio reduced its stake in EMC Corporation by 2.48% during the most recent quarter end. The investment management company now holds a total of 3,667,082 shares of EMC Corporation which is valued at $103,925,104 after selling 93,161 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.EMC Corporation makes up approximately 0.45% of Strs Ohio’s portfolio.

Other Hedge Funds, Including , Patriot Wealth Management boosted its stake in EMC in the latest quarter, The investment management firm added 4,515 additional shares and now holds a total of 207,733 shares of EMC Corporation which is valued at $5,887,153. EMC Corporation makes up approx 1.13% of Patriot Wealth Management’s portfolio.Oakbrook Investments boosted its stake in EMC in the latest quarter, The investment management firm added 20,900 additional shares and now holds a total of 140,890 shares of EMC Corporation which is valued at $4,002,685. EMC Corporation makes up approx 0.21% of Oakbrook Investments’s portfolio. Jones Collombin Investment Counsel Inc sold out all of its stake in EMC during the most recent quarter. The investment firm sold 700 shares of EMC which is valued $19,887.Penn Davis Mcfarland Inc reduced its stake in EMC by selling 46,068 shares or 7.53% in the most recent quarter. The Hedge Fund company now holds 565,422 shares of EMC which is valued at $15,571,722. EMC Corporation makes up approx 4.10% of Penn Davis Mcfarland Inc’s portfolio.Raymond James Trust N.a. reduced its stake in EMC by selling 3,929 shares or 11.59% in the most recent quarter. The Hedge Fund company now holds 29,977 shares of EMC which is valued at $824,667. EMC Corporation makes up approx 0.07% of Raymond James Trust N.a.’s portfolio.

EMC Corporation closed down -0.06 points or -0.21% at $28.28 with 1,04,78,159 shares getting traded on Friday. Post opening the session at $28.23, the shares hit an intraday low of $28.23 and an intraday high of $28.39 and the price fluctuated in this range throughout the day.Shares ended Friday 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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