Atalanta Sosnoff Capital

Jan 26, 2016

Tweet Atalanta Sosnoff Capital lowered its position in shares of EMC Co. (NYSE:EMC) by 27.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,525 shares of the information technology service provider’s stock after selling 15,215 shares during the period. Atalanta Sosnoff Capital’s holdings in EMC were worth $1,015,000 at the end of the most recent reporting period. Several other large investors have also recently added to or reduced their stakes in the stock. Loge Solutions raised its stake in EMC by 4.5% in the third quarter. Loge Solutions now owns 108,425 shares of the information technology service provider’s stock worth $2,508,000 after buying an additional 4,625 shares in the last quarter. TrimTabs Asset Management purchased a new stake in EMC during the third quarter worth about $2,043,000. ING Groep raised its stake in EMC by 28.8% in the third quarter. ING Groep now owns 3,678,222 shares of the information technology service provider’s stock worth $88,829,000 after buying an additional 822,289 shares in the last quarter. Lowe FS raised its stake in EMC by 27.1% in the third quarter. Lowe FS now owns 1,665 shares of the information technology service provider’s stock worth $40,000 after buying an additional 355 shares in the last quarter. Finally, Indiana Trust & Investment Management Company raised its stake in EMC by 30.9% in the fourth quarter. Indiana Trust & Investment Management Company now owns 36,438 shares of the information technology service provider’s stock worth $1,084,000 after buying an additional 8,605 shares in the last quarter. Shares of EMC Co. ( NYSE:EMC ) traded down 1.92% during midday trading on Monday, hitting $23.98. 13,435,384 shares of the company were exchanged. EMC Co. has a one year low of $22.66 and a one year high of $29.24. The company has a 50-day moving average of $25.30 and a 200 day moving average of $25.48. The company has a market capitalization of $46.49 billion and a P/E ratio of 20.15. The company also recently announced a quarterly dividend, which was paid on Friday, January 22nd. Investors of record on Monday, January 4th were issued a dividend of $0.115 per share. The ex-dividend date was Wednesday, December 30th. This represents a $0.46 dividend on an annualized basis and a yield of 1.92%. This is a positive change from EMC’s previous quarterly dividend of $0.10. A number of equities research analysts have recently issued reports on EMC shares. Zacks Investment Research lowered shares of EMC from a “hold” rating to a “sell” rating in a report on Wednesday, January 20th. Credit Suisse restated a “buy” rating on shares of EMC in a report on Friday, October 9th. Deutsche Bank lowered shares of EMC from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Thursday, October 15th. FBR & Co. reiterated a “market perform” rating and issued a $28.00 price objective on shares of EMC in a research note on Friday, October 9th. Finally, Vetr upgraded shares of EMC from a “hold” rating to a “buy” rating and set a $28.61 price objective on the stock in a research note on Tuesday, October 20th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $29.49. EMC Corporation ( NYSE:EMC ) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the 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 and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotal’s three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry. This story was originally published by American Banking News (http://www.americanbankingnews.com) and is the sole property of American Banking News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.americanbankingnews.com/2016/01/25/emc-co-emc-position-lowered-by-atalanta-sosnoff-capital/ Receive News & Ratings for EMC Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMC Co. and related companies with MarketBeat.com's FREE daily email newsletter . Leave a Reply