Trade Report: The Alpine Investment Management LLC Holds Stake in EMC Corp. (EMC)

The Alpine Investment Management LLC Holds Stake in EMC Corp. (EMC)

Alpine Investment Management LLC continued to hold its stake in shares of EMC Corp. (NYSE:EMC) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,000 shares of the information technology service provider’s stock at the end of the second quarter. EMC Corp. accounts for approximately 0.0% of Alpine Investment Management LLC’s investment portfolio, making the stock its 21st largest position. Alpine Investment Management LLC’s holdings in EMC Corp. were worth $598,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EMC. Renaissance Technologies LLC acquired a new position in EMC Corp. during the first quarter valued at $186,561,000. Samlyn Capital LLC acquired a new position in EMC Corp. during the first quarter valued at $79,006,000. York Capital Management Global Advisors LLC raised 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 during the last quarter. Nordea Investment Management AB raised its position in EMC Corp. by 9.8% in the second quarter. Nordea Investment Management AB now owns 24,662,903 shares of the information technology service provider’s stock valued at $670,091,000 after buying an additional 2,206,074 shares during the last quarter. Finally, ING Groep NV raised its position in EMC Corp. by 28.1% in the second quarter. ING Groep NV now owns 3,154,961 shares of the information technology service provider’s stock valued at $85,720,000 after buying an additional 692,916 shares during the last quarter. 79.86% of the stock is currently owned by institutional investors.

EMC Corp. (NYSE:EMC) remained flat at $29.05 during midday trading on Monday. The firm’s 50-day moving average is $28.52 and its 200-day moving average is $27.28. EMC Corp. has a 1-year low of $22.99 and a 1-year high of $29.13.

EMC has been the topic of a number of recent research reports. Oppenheimer Holdings Inc. restated a “buy” rating on shares of EMC Corp. in a research note on Thursday, September 8th. Robert W. Baird restated a “hold” rating on shares of EMC Corp. in a research note on Sunday, September 11th. Wells Fargo & Co. restated a “market perform” rating on shares of EMC Corp. in a research note on Wednesday, August 31st. Hilliard Lyons downgraded EMC Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, September 1st. Finally, Deutsche Bank AG boosted their target price on EMC Corp. from $27.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 25th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company’s stock. EMC Corp. currently has an average rating of “Hold” and an average target price of $30.84.

EMC Corp. Company Profile

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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