Vertex One Asset Management buys $52,629,331 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Vertex One Asset Management scooped up 319,500 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 1,847,940 shares of EMC Corporation which is valued at $52,629,331.EMC Corporation makes up approximately 8.46% of Vertex One Asset Management’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc reduced its stake in EMC by selling 721,865 shares or 18.39% in the most recent quarter. The Hedge Fund company now holds 3,203,797 shares of EMC which is valued at $91,244,139. EMC Corporation makes up approx 0.30% of Hsbc Holdings Plc’s portfolio.Cleararc Capital Inc reduced its stake in EMC by selling 9 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 47,462 shares of EMC which is valued at $1,351,718. EMC Corporation makes up approx 0.25% of Cleararc Capital Inc’s portfolio.Geneva Advisors reduced its stake in EMC by selling 18,477 shares or 20.9% in the most recent quarter. The Hedge Fund company now holds 69,941 shares of EMC which is valued at $1,992,619. EMC Corporation makes up approx 0.04% of Geneva Advisors’s portfolio.California State Teachers Retirement System boosted its stake in EMC in the latest quarter, The investment management firm added 14,041 additional shares and now holds a total of 4,247,192 shares of EMC Corporation which is valued at $119,770,814. EMC Corporation makes up approx 0.25% of California State Teachers Retirement System’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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