Will Rackspace’s Price Reductions Encourage These Top Institutional Shareholders?

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Rackspace Hosting, Inc. (NYSE:RAX) has announced that they plan on reducing the price for cloud bandwidth and content delivery network services by as much as 33 percent. Furthermore, the company announced that they will implement tiered pricing for their open cloud product portfolio beginning with Cloud Files, their object storage service. These pricing changes are to take place over the next several weeks.

Will  Rackspace Hosting, Inc.‘s shareholders decrease their holdings? They reported owning a total of 112.281 million shares on 12/31/2012. The shares closed at $74.27 on 12/31/2012.

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Here are the ten largest positions in Rackspace Hosting, Inc at the end of December 31st, 2012.

Capital World Investors held 13,085,000 shares on 12/31/2012 worth $971,822,906. This brought the portfolio total to 0.36%.

Price t. Rowe Associates Inc. /MD/ held 9,126,126 shares on 12/31/2012 worth $677,797,347. This brought the portfolio total to 0.2%.

Jennison Associates LLC. held 8,480,622 shares on 12/31/2012 worth $629,855,767. This brought the portfolio total to 0.76%.

Wells Fargo & Company/MN held 7,660,747 shares on 12/31/2012 worth $568,963,654. This brought the portfolio total to 0.34%.

Baillie Gifford & Co. held 7,323,616 shares on 12/31/2012 worth $543,924,936. This brought the portfolio total to 1.8%.

FMR LLC. held 5,654,394 shares on 12/31/2012 worth $419,951,823. This brought the portfolio total to 0.08%.

Vanguard Group Inc. held 5,074,789 shares on 12/31/2012 worth $376,904,562. This brought the portfolio total to 0.05%.

J.P Morgan Chase & Co. held 4,920,502 shares on 12/31/2012 worth $365,445,667. This brought the portfolio total to 0.13%.

Capital Research Global Investors held 4,262,250 shares on 12/31/2012 worth $316,557,293. This brought the portfolio total to 0.15%.

State Street Corp. held 3,280,385 shares on 12/31/2012 worth $243,634,183. This brought the portfolio total to 0.04%.

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