Alpine Woods Capital Investors Lowers stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Alpine Woods Capital Investors reduced its stake in EMC Corporation by 1.08% during the most recent quarter end. The investment management company now holds a total of 732,500 shares of EMC Corporation which is valued at $20,861,600 after selling 8,000 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.EMC Corporation makes up approximately 1.19% of Alpine Woods Capital Investors’s portfolio.

Other Hedge Funds, Including , Sirios Capital Management L P sold out all of its stake in EMC during the most recent quarter. The investment firm sold 783,903 shares of EMC which is valued $22,325,557.Cqs Cayman Lp reduced its stake in EMC by selling 51,700 shares or 25.01% in the most recent quarter. The Hedge Fund company now holds 155,000 shares of EMC which is valued at $4,409,750. EMC Corporation makes up approx 1.02% of Cqs Cayman Lp’s portfolio.Northern Capital Management boosted its stake in EMC in the latest quarter, The investment management firm added 7,240 additional shares and now holds a total of 165,688 shares of EMC Corporation which is valued at $4,695,598. EMC Corporation makes up approx 2.01% of Northern Capital Management’s portfolio.Calamos Advisors boosted its stake in EMC in the latest quarter, The investment management firm added 78 additional shares and now holds a total of 202,200 shares of EMC Corporation which is valued at $5,730,348. EMC Corporation makes up approx 0.05% of Calamos Advisors’s portfolio. Eagle Ridge Investment Management sold out all of its stake in EMC during the most recent quarter. The investment firm sold 139,998 shares of EMC which is valued $3,977,343.

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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