Levin Capital Strategies buys $319,292,299 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Levin Capital Strategies scooped up 643,665 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 11,211,106 shares of EMC Corporation which is valued at $319,292,299.EMC Corporation makes up approximately 5.43% of Levin Capital Strategies’s portfolio.

Other Hedge Funds, Including , Tower Bridge Advisors reduced its stake in EMC by selling 6,400 shares or 11.62% in the most recent quarter. The Hedge Fund company now holds 48,700 shares of EMC which is valued at $1,386,976. EMC Corporation makes up approx 0.17% of Tower Bridge Advisors’s portfolio.Genovese Burford Brothers Wealth Retirement Plan Mana… boosted its stake in EMC in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 573 shares of EMC Corporation which is valued at $16,325. EMC Corporation makes up approx 0.01% of Genovese Burford Brothers Wealth Retirement Plan Mana…’s portfolio.Jackson Grant Investment Advisers boosted its stake in EMC in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 2,333 shares of EMC Corporation which is valued at $66,327. EMC Corporation makes up approx 0.06% of Jackson Grant Investment Advisers’s portfolio.Gabelli Funds boosted its stake in EMC in the latest quarter, The investment management firm added 77,900 additional shares and now holds a total of 328,824 shares of EMC Corporation which is valued at $9,348,466. EMC Corporation makes up approx 0.06% of Gabelli Funds’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in EMC by selling 12,101 shares or 17.44% in the most recent quarter. The Hedge Fund company now holds 57,274 shares of EMC which is valued at $1,627,154. EMC Corporation makes up approx 0.01% of Tiaa Cref Trust Co Fsbmo’s portfolio.

EMC Corporation closed down -0.03 points or -0.10% at $28.67 with 97,20,699 shares getting traded on Monday. Post opening the session at $28.7, the shares hit an intraday low of $28.62 and an intraday high of $28.78 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.

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