CIBC Asset Management Inc Invests $567,000 in Dell Technologies Inc (DVMT)
CIBC Asset Management Inc purchased a new position in shares of Dell Technologies Inc (NASDAQ:DVMT) during the second quarter, according to its most recent filing with the SEC. The firm purchased 9,278 shares of the company’s stock, valued at approximately $567,000.
A number of other institutional investors have also recently added to or reduced their stakes in DVMT. Russell Investments Group Ltd. raised its position in 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 during the period. Shell Asset Management Co. raised its position in Dell Technologies by 1,067.0% in the second quarter. Shell Asset Management Co. now owns 154,126 shares of the company’s stock worth $9,419,000 after buying an additional 140,919 shares during the period. Steinberg Global Asset Management raised its position in Dell Technologies by 3.7% in the second quarter. Steinberg Global Asset Management now owns 3,571 shares of the company’s stock worth $218,000 after buying an additional 127 shares during the period. Harbour Capital Advisors LLC raised its position in Dell Technologies by 6,010.9% in the second quarter. Harbour Capital Advisors LLC now owns 29,088 shares of the company’s stock worth $476,000 after buying an additional 28,612 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Dell Technologies by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 13,531 shares of the company’s stock worth $827,000 after buying an additional 597 shares during the period.
Dell Technologies Inc (NASDAQ:DVMT) opened at 66.21 on Wednesday. Dell Technologies Inc has a 52-week low of $42.02 and a 52-week high of $69.72. The firm’s market capitalization is $51.11 billion. The firm has a 50-day moving average of $63.05 and a 200-day moving average of $64.38.
Dell Technologies (NASDAQ:DVMT) last announced its quarterly earnings results on Thursday, June 8th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.19. The company had revenue of $17.82 billion for the quarter. Dell Technologies had a negative net margin of 7.76% and a negative return on equity of 43.19%. On average, equities research analysts forecast that Dell Technologies Inc will post $4.72 EPS for the current fiscal year.
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In related news, insider David I. Goulden sold 4,700 shares of Dell Technologies stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $61.53, for a total transaction of $289,191.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David I. Goulden sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $62.41, for a total transaction of $499,280.00. Following the sale, 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.
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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