Dell Technologies Inc. (DVMT) CEO Acquires $469,245.00 in Stock
Dell Technologies Inc. (NYSE:DVMT) CEO Michael S. Dell purchased 14,350 shares of the business’s stock in a transaction on Monday, December 11th. The shares were bought at an average cost of $32.70 per share, for a total transaction of $469,245.00. Following the completion of the transaction, the chief executive officer now directly owns 539,274 shares in the company, valued at approximately $17,634,259.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Dell Technologies Inc. (DVMT) traded down $0.04 on Wednesday, reaching $79.25. The company’s stock had a trading volume of 2,135,400 shares, compared to its average volume of 1,405,648. The firm has a market cap of $61,273.17, a P/E ratio of 12.67 and a beta of 0.08. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.76 and a quick ratio of 0.70. Dell Technologies Inc. has a 12 month low of $53.53 and a 12 month high of $83.98.
A number of institutional investors and hedge funds have recently made changes to their positions in DVMT. Roberts Glore & Co. Inc. IL acquired a new stake in shares of Dell Technologies during the 3rd quarter valued at about $210,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Dell Technologies during the 3rd quarter valued at about $210,000. Concentric Wealth Management LLC acquired a new stake in shares of Dell Technologies during the 3rd quarter valued at about $219,000. IBM Retirement Fund acquired a new stake in shares of Dell Technologies during the 3rd quarter valued at about $234,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Dell Technologies during the 3rd quarter valued at about $240,000. 23.03% of the stock is currently owned by institutional investors.
Separately, BidaskClub downgraded Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd.
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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