Stoneridge Investment Partners LLC boosted its position in EMC Corp. (NYSE:EMC) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,174 shares of the information technology service provider’s stock after buying an additional 2,148 shares during the period. Stoneridge Investment Partners LLC’s holdings in EMC Corp. were worth $1,852,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. York Capital Management Global Advisors LLC increased its stake in EMC Corp. by 30.4% in the first quarter. York Capital Management Global Advisors LLC now owns 11,013,526 shares of the information technology service provider’s stock worth $293,510,000 after buying an additional 2,567,922 shares in the last quarter. National Pension Service increased its position in EMC Corp. by 4.2% in the first quarter. National Pension Service now owns 1,072,430 shares of the information technology service provider’s stock worth $28,580,000 after buying an additional 42,887 shares during the period. Samlyn Capital LLC bought a new position in EMC Corp. during the first quarter worth approximately $79,006,000. Cheyne Capital Management UK LLP increased its position in EMC Corp. by 37.9% in the first quarter. Cheyne Capital Management UK LLP now owns 1,321,784 shares of the information technology service provider’s stock worth $35,232,000 after buying an additional 363,053 shares during the period. Finally, Legal & General Group Plc increased its position in EMC Corp. by 1.6% in the first quarter. Legal & General Group Plc now owns 8,390,570 shares of the information technology service provider’s stock worth $223,609,000 after buying an additional 133,762 shares during the period. 79.86% of the stock is owned by institutional investors.

EMC Corp. (NYSE:EMC) remained flat at $29.05 during midday trading on Wednesday. EMC Corp. has a 1-year low of $22.99 and a 1-year high of $29.00. The company has a 50-day moving average price of $28.53 and a 200 day moving average price of $27.32.

EMC Corp. (NYSE:EMC) last announced its quarterly earnings data on Monday, July 18th. The information technology service provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. The business earned $6 billion during the quarter, compared to analysts’ expectations of $6 billion. EMC Corp. had a return on equity of 11.98% and a net margin of 8.55%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, equities research analysts anticipate that EMC Corp. will post $1.84 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. Citigroup Inc. assumed coverage on EMC Corp. in a research note on Tuesday, July 26th. They issued a “neutral” rating and a $32.09 price target for the company. Morgan Stanley downgraded EMC Corp. from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $69.00 to $60.00 in a research note on Wednesday, June 1st. Raymond James Financial Inc. downgraded EMC Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 18th. Macquarie downgraded EMC Corp. from an “outperform” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Wednesday, July 13th. Finally, Sterne Agee CRT downgraded EMC Corp. from a “buy” rating to a “neutral” rating and boosted their price target for the company from $27.95 to $28.00 in a research note on Thursday, June 2nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $30.26.

About EMC Corp.

EMC Corporation (EMC) develops, delivers and supports the information technology (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, Pivotal and Virtustream.

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