Tradition Capital Management Lowers stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Tradition Capital Management reduced its stake in EMC Corporation by 1.74% during the most recent quarter end. The investment management company now holds a total of 80,771 shares of EMC Corporation which is valued at $2,277,742 after selling 1,429 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.EMC Corporation makes up approximately 0.74% of Tradition Capital Management’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in EMC by selling 645,995 shares or 53.77% in the most recent quarter. The Hedge Fund company now holds 555,301 shares of EMC which is valued at $15,659,488. EMC Corporation makes up approx 0.20% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Smith Salley Associates reduced its stake in EMC by selling 1,286 shares or 9.43% in the most recent quarter. The Hedge Fund company now holds 12,349 shares of EMC which is valued at $349,230. EMC Corporation makes up approx 0.08% of Smith Salley Associates’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in EMC in the latest quarter, The investment management firm added 3,633 additional shares and now holds a total of 149,015 shares of EMC Corporation which is valued at $4,214,144. EMC Corporation makes up approx 0.12% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Farmers Merchants Investments Inc reduced its stake in EMC by selling 50,936 shares or 21.86% in the most recent quarter. The Hedge Fund company now holds 182,088 shares of EMC which is valued at $5,129,419. EMC Corporation makes up approx 0.55% of Farmers Merchants Investments Inc’s portfolio.

EMC Corporation (EMC) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $28.24 and reached the intraday high at $28.28. The bulls started the profit booking and pushed the shares to intraday low of $28.15. The trading session was marked by a volume range of 78,29,142 shares exchanging hands. The 52-week high of the shares is $28.77 and the 52-week low is $22.66. The market cap of the company stands at $55,080 M and there are 1,95,31,96,700 shares in public circulation.

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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