Spero-smith Investment Advisers Inc Oh Lowers stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Spero-smith Investment Advisers Inc Oh reduced its stake in EMC Corporation by 0.94% during the most recent quarter end. The investment management company now holds a total of 65,902 shares of EMC Corporation which is valued at $1,858,436 after selling 625 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.EMC Corporation makes up approximately 2.29% of Spero-smith Investment Advisers Inc Oh’s portfolio.

Other Hedge Funds, Including , Rathbone Brothers Plc boosted its stake in EMC in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 178,279 shares of EMC Corporation which is valued at $5,027,468. EMC Corporation makes up approx 0.27% of Rathbone Brothers Plc’s portfolio.Thompson Investment Management reduced its stake in EMC by selling 1,110 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 142,851 shares of EMC which is valued at $4,028,398. EMC Corporation makes up approx 0.79% of Thompson Investment Management’s portfolio.Levy Harkins Co Inc reduced its stake in EMC by selling 11,350 shares or 3.18% in the most recent quarter. The Hedge Fund company now holds 345,760 shares of EMC which is valued at $9,522,230. EMC Corporation makes up approx 4.15% of Levy Harkins Co Inc’s portfolio.Culbertson A N Co Inc reduced its stake in EMC by selling 6,565 shares or 7.13% in the most recent quarter. The Hedge Fund company now holds 85,447 shares of EMC which is valued at $2,352,356. EMC Corporation makes up approx 0.85% of Culbertson A N Co Inc’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in EMC in the latest quarter, The investment management firm added 1,549 additional shares and now holds a total of 121,617 shares of EMC Corporation which is valued at $3,318,928. EMC Corporation makes up approx 0.64% of First Financial Bank N.a. – Trust Division’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.

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