Top Investors’ Thoughts On These Trending Tech Stocks

EMC Corporation (NYSE:EMC)‘s shares are down year-to-date as growth slows and earnings are soft due to increased competition from Amazon Web Services and other disruptors. Management has cut costs, but the cost-cutting has not been enough to satisfy the market. Activist Paul Singer bought a big stake earlier in the year and demanded management split the company up to unlock value. By potentially selling the entire company to Dell instead, management will be delivering the shareholder value that Singer has sought, although it remains to be seen just how much Dell is willing to pay for EMC. The deal is at an advanced stage and is not final.

While they added to their positions in Amazon, the elite funds went the other way on EMC Corporation (NYSE:EMC). A total of 54 funds reported owning stakes worth $2.54 billion in the second quarter, down from 61 funds holding $2.84 billion in stock in the first quarter. Singer’s Elliott Management increased its position by 1% to 33.6 million shares while John A. Levin’s Levin Capital Strategies cut its position by 15% to 9.12 million shares.

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