November 24, 2016 - By Dolores Ford · 0 Comments
Emc Corp (NYSE:EMC) institutional sentiment decreased to 0 in Q2 2016. Its down -0.63, from 0.63 in 2016Q1. The ratio is negative, as 344 active investment managers opened new or increased stock positions, while 549 sold and reduced equity positions in Emc Corp. The active investment managers in our partner’s database now hold: 1.51 billion shares, down from 1.51 billion shares in 2016Q1. Also, the number of active investment managers holding Emc Corp in their top 10 stock positions increased from 53 to 72 for an increase of 19. Sold All: 79 Reduced: 470 Increased: 272 New Position: 72.
EMC Corporation develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services. The company has a market cap of $56.85 billion. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure, Pivotal and Virtustream. It currently has negative earnings. EMC’s Information Infrastructure business provides a foundation for organizations to store, manage, protect, analyze and secure information.
It is down 19.55% since February 2, 2016 and is uptrending. It has outperformed by 14.14% the S&P500.
Pacific Alternative Asset Management Company Llc holds 33.28% of its portfolio in EMC Corporation for 2.40 million shares. Cheyne Capital Management (Uk) Llp owns 1.49 million shares or 32.49% of their US portfolio. Moreover, Baupost Group Llc Ma has 21.01% invested in the company for 56.96 million shares. The New York-based Stonehill Capital Management Llc has invested 19.96% in the stock. Omni Partners Llp, a United Kingdom-based fund reported 25.27 million shares.#img1#
Ratings analysis reveals 36% of EMC Corporation’s analysts are positive. Out of 25 Wall Street analysts rating EMC Corporation, 9 give it “Buy”, 1 “Sell” rating, while 15 recommend “Hold”. The lowest target is $25 while the high is $35. The stock’s average target of $30.06 is 0.00% above today’s ($0) share price. EMC was included in 37 notes of analysts from July 21, 2015. As per Tuesday, July 26, the company rating was reinitiated by Citigroup. The rating was reinitiated by Goldman Sachs with “Buy” on Tuesday, September 22. As per Wednesday, September 2, the company rating was upgraded by Vetr. The stock has “Market Perform” rating given by Wells Fargo on Wednesday, November 11. The firm earned “Neutral” rating on Wednesday, June 1 by UBS. The firm has “Hold” rating given on Friday, September 4 by TheStreet. The stock of EMC Corporation (NYSE:EMC) has “Strong-Buy” rating given on Friday, August 28 by Vetr. The firm has “Hold” rating given on Thursday, October 22 by Stifel Nicolaus. The rating was downgraded by Zacks on Wednesday, September 2 to “Sell”. The firm has “Outperform” rating by Raymond James given on Thursday, April 7.
More news for EMC Corporation (NYSE:EMC) were recently published by: Forbes.com, which released: “A Very Short History Of EMC Corporation” on September 06, 2016. Profitconfidential.com‘s article titled: “EMC Stock: Is EMC Corporation Still Worth the Hype?” and published on September 01, 2016 is yet another important article.
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By Dolores Ford