EMC Corporation (EMC) : Becker Capital Management Inc reduced its stake in EMC Corporation by 0.93% during the most recent quarter end. The investment management company now holds a total of 2,467,888 shares of EMC Corporation which is valued at $69,594,442 after selling 23,256 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.EMC Corporation makes up approximately 2.73% of Becker Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Wedbush Securities Inc reduced its stake in EMC by selling 831 shares or 7.86% in the most recent quarter. The Hedge Fund company now holds 9,738 shares of EMC which is valued at $274,612. EMC Corporation makes up approx 0.04% of Wedbush Securities Inc’s portfolio.Tradelink Capital reduced its stake in EMC by selling 1,305 shares or 11.65% in the most recent quarter. The Hedge Fund company now holds 9,894 shares of EMC which is valued at $279,011. EMC Corporation makes up approx 1.29% of Tradelink Capital’s portfolio.Stoneridge Investment Partners boosted its stake in EMC in the latest quarter, The investment management firm added 2,148 additional shares and now holds a total of 68,174 shares of EMC Corporation which is valued at $1,932,051. EMC Corporation makes up approx 0.27% of Stoneridge Investment Partners’s portfolio.Farmers Merchants Investments Inc reduced its stake in EMC by selling 50,936 shares or 21.86% in the most recent quarter. The Hedge Fund company now holds 182,088 shares of EMC which is valued at $5,129,419. EMC Corporation makes up approx 0.55% of Farmers Merchants Investments Inc’s portfolio.Mitchell Sinkler Starrpa reduced its stake in EMC by selling 1,250 shares or 6.29% in the most recent quarter. The Hedge Fund company now holds 18,624 shares of EMC which is valued at $512,719. EMC Corporation makes up approx 0.69% of Mitchell Sinkler Starrpa’s portfolio.
EMC Corporation opened for trading at $28.42 and hit $28.47 on the upside on Monday, eventually ending the session at $28.45, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 91,71,433 shares. Company has a market cap of $55,568 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.