Vontobel Swiss Wealth Advisors Ag Lowers stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Vontobel Swiss Wealth Advisors Ag reduced its stake in EMC Corporation by 2.92% during the most recent quarter end. The investment management company now holds a total of 76,803 shares of EMC Corporation which is valued at $2,187,349 after selling 2,310 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.EMC Corporation makes up approximately 1.11% of Vontobel Swiss Wealth Advisors Ag’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na reduced its stake in EMC by selling 36,637 shares or 9.04% in the most recent quarter. The Hedge Fund company now holds 368,441 shares of EMC which is valued at $10,474,778. EMC Corporation makes up approx 0.06% of Glenmede Trust Co Na’s portfolio.Diam Ltd. boosted its stake in EMC in the latest quarter, The investment management firm added 10,067 additional shares and now holds a total of 183,946 shares of EMC Corporation which is valued at $5,187,277. EMC Corporation makes up approx 0.07% of Diam Ltd.’s portfolio.Hanson Doremus Investment Management reduced its stake in EMC by selling 1,000 shares or 76.92% in the most recent quarter. The Hedge Fund company now holds 300 shares of EMC which is valued at $8,484.Bremer Trust National Association reduced its stake in EMC by selling 1,523 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 23,092 shares of EMC which is valued at $656,044. EMC Corporation makes up approx 0.18% of Bremer Trust National Association’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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