Dell Technologies Inc (DVMT) CEO Michael S. Dell Purchases 13,058 Shares
Dell Technologies Inc (NASDAQ:DVMT) CEO Michael S. Dell bought 13,058 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were acquired at an average price of $25.03 per share, with a total value of $326,841.74. Following the acquisition, the chief executive officer now owns 418,031 shares of the company’s stock, valued at $10,463,315.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Dell Technologies Inc (NASDAQ DVMT) traded up 1.01% during trading on Thursday, hitting $74.98. The company had a trading volume of 547,556 shares. The stock’s 50-day moving average price is $64.59 and its 200 day moving average price is $64.64. Dell Technologies Inc has a 52 week low of $42.02 and a 52 week high of $75.00. The company’s market capitalization is $57.88 billion.
Dell Technologies (NASDAQ:DVMT) last issued its earnings results on Thursday, June 8th. The company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.19. The business had revenue of $17.82 billion during the quarter. Dell Technologies had a negative return on equity of 43.19% and a negative net margin of 7.76%. On average, equities research analysts forecast that Dell Technologies Inc will post $4.72 earnings per share for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hunting Hill Global Capital LLC raised its position 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 valued at $28,435,000 after buying an additional 5,661 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Dell Technologies by 6.7% in the second quarter. Pictet Asset Management Ltd. now owns 82,483 shares of the company’s stock worth $5,724,000 after buying an additional 5,200 shares during the last quarter. Sei Investments Co. increased its stake in shares of Dell Technologies by 76.2% in the second quarter. Sei Investments Co. now owns 209,192 shares of the company’s stock worth $12,784,000 after buying an additional 90,488 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Dell Technologies by 687.7% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 31,800 shares of the company’s stock worth $1,943,000 after buying an additional 27,763 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Dell Technologies during the second quarter worth approximately $567,000.
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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