BB&T Securities LLC Raises Stake in Dell Technologies Inc (DVMT)
BB&T Securities LLC raised its position in Dell Technologies Inc (NASDAQ:DVMT) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,430 shares of the company’s stock after buying an additional 1,005 shares during the period. BB&T Securities LLC’s holdings in Dell Technologies were worth $881,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in Dell Technologies by 29.9% in the second quarter. Legal & General Group Plc now owns 1,233,022 shares of the company’s stock worth $75,337,000 after buying an additional 283,840 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Dell Technologies by 24.2% in the second quarter. State of Wisconsin Investment Board now owns 761,400 shares of the company’s stock worth $46,529,000 after buying an additional 148,122 shares in the last quarter. Hunting Hill Global Capital LLC boosted its stake in shares of Dell Technologies by 1.2% in the second quarter. Hunting Hill Global Capital LLC now owns 465,304 shares of the company’s stock worth $28,435,000 after buying an additional 5,661 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Dell Technologies by 97.5% in the second quarter. Russell Investments Group Ltd. now owns 439,094 shares of the company’s stock worth $26,827,000 after buying an additional 216,759 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Dell Technologies by 189.9% in the second quarter. Great West Life Assurance Co. Can now owns 354,939 shares of the company’s stock worth $21,654,000 after buying an additional 232,496 shares in the last quarter.
Dell Technologies Inc (DVMT) opened at 72.94 on Wednesday. The company’s 50-day moving average price is $64.59 and its 200-day moving average price is $64.64. Dell Technologies Inc has a 12-month low of $42.02 and a 12-month high of $73.28. The firm’s market capitalization is $56.31 billion.
Dell Technologies (NASDAQ:DVMT) last issued its quarterly earnings data on Thursday, June 8th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.19. The business had revenue of $17.82 billion for the quarter. Dell Technologies had a negative return on equity of 43.19% and a negative net margin of 7.76%. Equities analysts expect that Dell Technologies Inc will post $4.72 EPS for the current fiscal year.
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In other Dell Technologies news, insider David I. Goulden sold 4,700 shares of Dell Technologies stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $61.53, for a total transaction of $289,191.00. Following the transaction, the insider now directly owns 44,255 shares of the company’s stock, valued at approximately $2,723,010.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David I. Goulden sold 8,000 shares of Dell Technologies stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $62.41, for a total value of $499,280.00. Following the transaction, the insider now directly owns 48,955 shares in the company, valued at $3,055,281.55. The disclosure for this sale can be found here. Insiders have sold a total of 17,400 shares of company stock worth $1,103,371 in the last 90 days.
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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