Burren Capital Advisors Ltd Purchases 1,126 Shares of Dell Technologies Inc. (DVMT)
Burren Capital Advisors Ltd increased its position in shares of Dell Technologies Inc. (NYSE:DVMT) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,654 shares of the company’s stock after buying an additional 1,126 shares during the quarter. Dell Technologies comprises about 39.0% of Burren Capital Advisors Ltd’s portfolio, making the stock its biggest position. Burren Capital Advisors Ltd’s holdings in Dell Technologies were worth $3,448,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of DVMT. Roberts Glore & Co. Inc. IL purchased a new stake in shares of Dell Technologies in the third quarter worth approximately $210,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Dell Technologies in the third quarter worth approximately $210,000. Concentric Wealth Management LLC purchased a new stake in shares of Dell Technologies in the third quarter worth approximately $219,000. IBM Retirement Fund purchased a new stake in shares of Dell Technologies in the third quarter worth approximately $234,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of Dell Technologies in the third quarter worth approximately $240,000. 23.03% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub raised Dell Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd.
Shares of Dell Technologies Inc. (NYSE:DVMT) traded up $1.37 during trading on Friday, hitting $77.25. The stock had a trading volume of 2,870,000 shares, compared to its average volume of 1,710,000. The stock has a market capitalization of $15,690.00 and a P/E ratio of 12.12. Dell Technologies Inc. has a 12-month low of $53.08 and a 12-month high of $83.98. The company has a current ratio of 0.76, a quick ratio of 0.70 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 EPS for the quarter, topping the consensus estimate of $1.09 by $0.79. The firm had revenue of $19.30 billion during the quarter. Dell Technologies had a positive return on equity of 20.76% and a negative net margin of 4.50%.
In other news, insider David I. Goulden sold 72,727 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $32.70, for a total value of $2,378,172.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were 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. Over the last ninety days, insiders sold 517,809 shares of company stock valued at $50,749,496. 45.00% of the stock is currently owned by corporate insiders.
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Dell Technologies Company 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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