Stack Financial Management Inc buys $20,389,609 stake in EMC Corporation (EMC)

EMC Corporation (EMC) : Stack Financial Management Inc scooped up 2,961 additional shares in EMC Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 715,676 shares of EMC Corporation which is valued at $20,389,609.EMC Corporation makes up approximately 2.50% of Stack Financial Management Inc’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in EMC in the latest quarter, The investment management firm added 74,871 additional shares and now holds a total of 652,834 shares of EMC Corporation which is valued at $18,599,241. EMC Corporation makes up approx 0.16% of Bnp Paribas Investment Partners S.a.’s portfolio.Nichols Pratt Advisers Llp reduced its stake in EMC by selling 44,413 shares or 31.09% in the most recent quarter. The Hedge Fund company now holds 98,440 shares of EMC which is valued at $2,798,649. EMC Corporation makes up approx 0.25% of Nichols Pratt Advisers Llp’s portfolio.Duff Phelps Investment Management Co reduced its stake in EMC by selling 580 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 25,105 shares of EMC which is valued at $709,969. EMC Corporation makes up approx 0.01% of Duff Phelps Investment Management Co’s portfolio.First National Trust Co reduced its stake in EMC by selling 860 shares or 5.95% in the most recent quarter. The Hedge Fund company now holds 13,598 shares of EMC which is valued at $385,367. EMC Corporation makes up approx 0.06% of First National Trust Co’s portfolio.

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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