Dixon Hubard Feinour & Brown Inc. VA boosted its holdings in Dell Technologies Inc. (NYSE:DVMT) by 36.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,461 shares of the company’s stock after purchasing an additional 1,455 shares during the quarter. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Dell Technologies were worth $422,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Roberts Glore & Co. Inc. IL bought a new position in shares of Dell Technologies in the third quarter worth approximately $210,000. Stratos Wealth Partners LTD. bought a new position in shares of Dell Technologies in the third quarter worth approximately $210,000. Concentric Wealth Management LLC bought a new position in shares of Dell Technologies in the third quarter worth approximately $219,000. IBM Retirement Fund bought a new position in shares of Dell Technologies in the third quarter worth approximately $234,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of Dell Technologies in the third quarter worth approximately $240,000. Institutional investors and hedge funds own 23.03% of the company’s stock.
Dell Technologies Inc. (DVMT) opened at $75.89 on Friday. The stock has a market cap of $57,548.41, a P/E ratio of 11.80 and a beta of 0.08. Dell Technologies Inc. has a 52 week low of $53.08 and a 52 week high of $83.98. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 2.44.
Dell Technologies (NYSE:DVMT) last issued its quarterly earnings data on Thursday, September 7th. The company reported $1.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.79. The company had revenue of $19.30 billion for the quarter. Dell Technologies had a negative net margin of 6.24% and a positive return on equity of 19.45%.
In related news, CEO Michael S. Dell acquired 81,573 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were bought at an average price of $32.70 per share, for a total transaction of $2,667,437.10. Following the completion of the transaction, the chief executive officer now directly owns 499,604 shares in the company, valued at $16,337,050.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total transaction of $47,624,399.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 517,809 shares of company stock worth $50,749,496. 45.00% of the stock is owned by insiders.
Separately, BidaskClub downgraded shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd.
About Dell Technologies
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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