EMC Corporation (EMC) : Omni Partners Llp added new position in EMC Corporation during the most recent quarter end. The investment management firm now holds 122,617 shares of EMC Corporation which is valued at $3,492,132 , the company said in a statement filed on Aug 15, 2016 with the SEC.EMC Corporation makes up approximately 2.26% of Omni Partners Llp’s portfolio.
Other Hedge Funds, Including , Lpl Financial sold out all of its stake in EMC during the most recent quarter. The investment firm sold 310,314 shares of EMC which is valued $8,837,743.Visium Asset Management Lp reduced its stake in EMC by selling 501,822 shares or 59.73% in the most recent quarter. The Hedge Fund company now holds 338,336 shares of EMC which is valued at $9,635,809. EMC Corporation makes up approx 0.94% of Visium Asset Management Lp’s portfolio.Barrington Strategic Wealth Management Group reduced its stake in EMC by selling 1,535 shares or 2.53% in the most recent quarter. The Hedge Fund company now holds 59,200 shares of EMC which is valued at $1,686,016. EMC Corporation makes up approx 0.95% of Barrington Strategic Wealth Management Group’s portfolio.Omers Administration Corp boosted its stake in EMC in the latest quarter, The investment management firm added 12,400 additional shares and now holds a total of 236,700 shares of EMC Corporation which is valued at $6,741,216. EMC Corporation makes up approx 0.14% of Omers Administration Corp’s portfolio.Hartford Investment Management Co reduced its stake in EMC by selling 7,435 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 466,387 shares of EMC which is valued at $13,250,055. EMC Corporation makes up approx 0.27% of Hartford Investment Management Co’s portfolio.
EMC Corporation closed down -0.13 points or -0.45% at $28.86 with 3,68,02,117 shares getting traded on Thursday. Post opening the session at $28.89, the shares hit an intraday low of $28.83 and an intraday high of $28.96 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.