Stoneridge Investment Partners LLC raised its stake 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 firm 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 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. York Capital Management Global Advisors LLC boosted its position 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 valued at $293,510,000 after buying an additional 2,567,922 shares in the last quarter. National Pension Service boosted 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 valued at $28,580,000 after buying an additional 42,887 shares in the last quarter. Samlyn Capital LLC purchased a new position in EMC Corp. during the first quarter valued at about $79,006,000. Cheyne Capital Management UK LLP boosted 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 valued at $35,232,000 after buying an additional 363,053 shares in the last quarter. Finally, Legal & General Group Plc boosted 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 valued at $223,609,000 after buying an additional 133,762 shares in the last quarter. Institutional investors and hedge funds own 79.86% of the company’s stock.

EMC Corp. (NYSE:EMC) remained flat at $29.05 during midday trading on Wednesday. EMC Corp. has a 52-week low of $22.99 and a 52-week high of $29.00. The stock’s 50 day moving average is $28.53 and its 200-day moving average is $27.32.

EMC Corp. (NYSE:EMC) last posted its earnings results on Monday, July 18th. The information technology service provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. EMC Corp. had a return on equity of 11.98% and a net margin of 8.55%. The company earned $6 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The company’s revenue was up .3% on a year-over-year basis. On average, analysts expect that EMC Corp. will post $1.84 earnings per share for the current fiscal year.

Several research analysts recently issued reports on EMC shares. Robert W. Baird reissued a “hold” rating on shares of EMC Corp. in a report on Sunday, September 11th. Drexel Hamilton reaffirmed a “buy” rating on shares of EMC Corp. in a report on Sunday, July 24th. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of EMC Corp. in a report on Wednesday, August 31st. Deutsche Bank AG increased their target price on shares of EMC Corp. from $27.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 25th. Finally, Argus reaffirmed a “hold” rating on shares of EMC Corp. in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the company’s stock. EMC Corp. currently has a consensus rating of “Hold” and a consensus price target 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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