EMC Corporation (EMC) : Pacad Investment Ltd. scooped up 161,100 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 227,400 shares of EMC Corporation which is valued at $6,476,352.EMC Corporation makes up approximately 0.86% of Pacad Investment Ltd.’s portfolio.
Other Hedge Funds, Including , Employees Retirement System Of Texas reduced its stake in EMC by selling 291,000 shares or 40.33% in the most recent quarter. The Hedge Fund company now holds 430,600 shares of EMC which is valued at $12,263,488. EMC Corporation makes up approx 0.16% of Employees Retirement System Of Texas’s portfolio.Pinebridge Investments reduced its stake in EMC by selling 4,891 shares or 36.6% in the most recent quarter. The Hedge Fund company now holds 8,471 shares of EMC which is valued at $241,254. EMC Corporation makes up approx 0.01% of Pinebridge Investments’s portfolio.Blackrock Fund Advisors boosted its stake in EMC in the latest quarter, The investment management firm added 2,727,445 additional shares and now holds a total of 26,598,690 shares of EMC Corporation which is valued at $757,530,691. EMC Corporation makes up approx 0.16% of Blackrock Fund Advisors’s portfolio.Wetherby Asset Management Inc reduced its stake in EMC by selling 1,995 shares or 6.48% in the most recent quarter. The Hedge Fund company now holds 28,811 shares of EMC which is valued at $820,537. EMC Corporation makes up approx 0.17% of Wetherby Asset Management Inc’s portfolio.Everence Capital Management Inc reduced its stake in EMC by selling 820 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 36,054 shares of EMC which is valued at $1,016,723. EMC Corporation makes up approx 0.30% of Everence Capital Management Inc’s portfolio.
EMC Corporation (EMC) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $28.65 and reached the intraday high at $28.7. The bulls started the profit booking and pushed the shares to intraday low of $28.34. The trading session was marked by a volume range of 1,59,93,647 shares exchanging hands. The 52-week high of the shares is $28.77 and the 52-week low is $22.66. The market cap of the company stands at $56,024 M and there are 1,95,68,42,100 shares in public circulation.
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.