Armstrong Shaw Associates Incct Lowers stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Armstrong Shaw Associates Incct reduced its stake in EMC Corporation by 0.08% during the most recent quarter end. The investment management company now holds a total of 429,533 shares of EMC Corporation which is valued at $12,237,395 after selling 326 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.EMC Corporation makes up approximately 2.99% of Armstrong Shaw Associates Incct’s portfolio.

Other Hedge Funds, Including , Kidder Stephen W reduced its stake in EMC by selling 84,610 shares or 62.17% in the most recent quarter. The Hedge Fund company now holds 51,475 shares of EMC which is valued at $1,466,523. EMC Corporation makes up approx 0.57% of Kidder Stephen W’s portfolio.Accident Compensation Corp reduced its stake in EMC by selling 8,800 shares or 2.72% in the most recent quarter. The Hedge Fund company now holds 314,589 shares of EMC which is valued at $8,943,765. EMC Corporation makes up approx 2.36% of Accident Compensation Corp’s portfolio.Murphy Capital Management Inc reduced its stake in EMC by selling 1,702 shares or 11.02% in the most recent quarter. The Hedge Fund company now holds 13,736 shares of EMC which is valued at $386,943. EMC Corporation makes up approx 0.06% of Murphy Capital Management Inc’s portfolio.Palisade Asset Management reduced its stake in EMC by selling 5,950 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 330,699 shares of EMC which is valued at $9,104,143. EMC Corporation makes up approx 1.69% of Palisade Asset Management’s portfolio.

EMC Corporation closed down -0.01 points or -0.04% at $28.47 with 72,89,261 shares getting traded on Monday. Post opening the session at $28.45, the shares hit an intraday low of $28.4 and an intraday high of $28.52 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *