Tredje AP fonden increased its holdings in shares of Dell Technologies Inc. (NYSE:DVMT) by 67.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,324 shares of the company’s stock after purchasing an additional 9,800 shares during the quarter. Tredje AP fonden’s holdings in Dell Technologies were worth $1,878,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Roberts Glore & Co. Inc. IL acquired a new position in Dell Technologies during the 3rd quarter worth approximately $210,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $210,000. Concentric Wealth Management LLC acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $219,000. IBM Retirement Fund acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $234,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $240,000. 23.03% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub downgraded Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd.
Dell Technologies Inc. (DVMT) traded up $0.59 during mid-day trading on Thursday, reaching $75.06. The company’s stock had a trading volume of 2,197,000 shares, compared to its average volume of 1,394,529. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 2.44. The company has a market cap of $57,548.41, a PE ratio of 11.80 and a beta of 0.08. Dell Technologies Inc. has a 1 year low of $52.87 and a 1 year high of $83.98.
Dell Technologies (NYSE:DVMT) last posted its quarterly earnings data on Thursday, September 7th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.79. The firm had revenue of $19.30 billion for the quarter. Dell Technologies had a positive return on equity of 19.45% and a negative net margin of 6.24%.
In related news, insider David I. Goulden sold 4,700 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $76.26, for a total value of $358,422.00. Following the transaction, the insider now owns 34,855 shares in the company, valued at $2,658,042.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total value of $47,624,399.42. The disclosure for this sale can be found here. Insiders sold 517,809 shares of company stock worth $50,749,496 in the last 90 days. 45.00% of the stock is owned by company insiders.
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Dell Technologies Profile
Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.
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