EMC Corporation (EMC) : Van Strum Towne reduced its stake in EMC Corporation by 2.57% during the most recent quarter end. The investment management company now holds a total of 128,897 shares of EMC Corporation which is valued at $3,670,987 after selling 3,396 shares in EMC Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.EMC Corporation makes up approximately 2.35% of Van Strum Towne’s portfolio.
Other Hedge Funds, Including , Credit Agricole S A boosted its stake in EMC in the latest quarter, The investment management firm added 341,454 additional shares and now holds a total of 1,092,463 shares of EMC Corporation which is valued at $31,113,346. EMC Corporation makes up approx 0.12% of Credit Agricole S A’s portfolio. Spinnaker Trust added EMC to its portfolio by purchasing 8,101 company shares during the most recent quarter which is valued at $228,448. EMC Corporation makes up approx 0.03% of Spinnaker Trust’s portfolio.Advisory Services Network boosted its stake in EMC in the latest quarter, The investment management firm added 760 additional shares and now holds a total of 8,843 shares of EMC Corporation which is valued at $250,611. EMC Corporation makes up approx 0.06% of Advisory Services Network’s portfolio.Regentatlantic Capital reduced its stake in EMC by selling 2,540 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 126,900 shares of EMC which is valued at $3,574,773. EMC Corporation makes up approx 0.34% of Regentatlantic Capital’s portfolio.Physicians Financial Services reduced its stake in EMC by selling 2,855 shares or 16.45% in the most recent quarter. The Hedge Fund company now holds 14,500 shares of EMC which is valued at $399,330. EMC Corporation makes up approx 0.34% of Physicians Financial Services’s portfolio.
EMC Corporation opened for trading at $28.51 and hit $28.72 on the upside on Friday, eventually ending the session at $28.71, with a gain of 0.60% or 0.17 points. The heightened volatility saw the trading volume jump to 2,55,55,325 shares. Company has a market cap of $56,181 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.