Toronto Dominion Bank increased its holdings in shares of Dell Technologies Inc (NYSE:DVMT) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,140 shares of the company’s stock after acquiring an additional 3,334 shares during the quarter. Toronto Dominion Bank’s holdings in Dell Technologies were worth $8,221,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of DVMT. Cheyne Capital Management UK LLP acquired a new position in Dell Technologies in the 3rd quarter valued at about $2,186,000. Wells Fargo & Company MN boosted its holdings in Dell Technologies by 23.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,983,441 shares of the company’s stock valued at $161,214,000 after purchasing an additional 381,083 shares during the last quarter. Pentwater Capital Management LP boosted its holdings in Dell Technologies by 0.6% in the 3rd quarter. Pentwater Capital Management LP now owns 1,858,538 shares of the company’s stock valued at $143,498,000 after purchasing an additional 11,446 shares during the last quarter. OZ Management LP boosted its holdings in Dell Technologies by 1.3% in the 3rd quarter. OZ Management LP now owns 1,498,098 shares of the company’s stock valued at $115,668,000 after purchasing an additional 18,868 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Dell Technologies by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,353,765 shares of the company’s stock valued at $104,523,000 after purchasing an additional 4,196 shares during the last quarter. Hedge funds and other institutional investors own 22.97% of the company’s stock.
Dell Technologies Inc (NYSE:DVMT) opened at $69.79 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 2.98. Dell Technologies Inc has a fifty-two week low of $59.92 and a fifty-two week high of $92.40. The company has a market cap of $53,695.52, a P/E ratio of -9.63, a PEG ratio of 1.42 and a beta of -1.25.
Dell Technologies (NYSE:DVMT) last issued its quarterly earnings data on Thursday, December 7th. The company reported $1.57 EPS for the quarter. Dell Technologies had a negative net margin of 4.50% and a positive return on equity of 21.53%. research analysts anticipate that Dell Technologies Inc will post 5.12 earnings per share for the current year.
In related news, CEO Michael S. Dell acquired 14,350 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average cost of $32.70 per share, for a total transaction of $469,245.00. Following the acquisition, the chief executive officer now owns 539,274 shares in the company, valued at approximately $17,634,259.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David I. Goulden sold 4,700 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $80.93, for a total transaction of $380,371.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,100 shares of company stock worth $1,171,898. Company insiders own 45.00% of the company’s stock.
DVMT has been the topic of several recent analyst reports. BidaskClub lowered shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Gabelli initiated coverage on shares of Dell Technologies in a report on Wednesday, January 31st. They issued a “buy” rating and a $106.00 target price on the stock. ValuEngine upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, TheStreet upgraded shares of Dell Technologies from a “d-” rating to a “c-” rating in a report on Wednesday.
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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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