Delaney Dennis R Exits Position in EMC Corporation (EMC)

EMC Corporation (EMC) : Delaney Dennis R has sold out all of its stake in EMC Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 13,685 shares of EMC Corporation which is valued at $389,886.

Other Hedge Funds, Including , Feltz Wealth Plan boosted its stake in EMC in the latest quarter, The investment management firm added 8,606 additional shares and now holds a total of 9,981 shares of EMC Corporation which is valued at $284,359. EMC Corporation makes up approx 0.02% of Feltz Wealth Plan’s portfolio.Sg Americas Securities reduced its stake in EMC by selling 85,206 shares or 71.85% in the most recent quarter. The Hedge Fund company now holds 33,379 shares of EMC which is valued at $941,288. EMC Corporation makes up approx 0.01% of Sg Americas Securities’s portfolio. Agf Investments America sold out all of its stake in EMC during the most recent quarter. The investment firm sold 67,186 shares of EMC which is valued $1,894,645.

EMC Corporation closed down -0.01 points or -0.04% at $28.47 with 72,89,261 shares getting traded on Monday. Post opening the session at $28.45, the shares hit an intraday low of $28.4 and an intraday high of $28.52 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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