Dell Technologies Inc. (DVMT) Shares Bought by State of Wisconsin Investment Board
State of Wisconsin Investment Board lifted its position in shares of Dell Technologies Inc. (NYSE:DVMT) by 70.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,298,767 shares of the company’s stock after buying an additional 537,367 shares during the period. State of Wisconsin Investment Board owned approximately 0.17% of Dell Technologies worth $100,278,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in DVMT. Whittier Trust Co. boosted its position in Dell Technologies by 9.3% during the 3rd quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock worth $733,000 after purchasing an additional 808 shares during the period. Clear Harbor Asset Management LLC purchased a new stake in Dell Technologies during the 3rd quarter worth $240,000. Oakbrook Investments LLC purchased a new stake in Dell Technologies during the 3rd quarter worth $270,000. Levy Harkins & Co. Inc. boosted its position in Dell Technologies by 1.9% during the 3rd quarter. Levy Harkins & Co. Inc. now owns 196,714 shares of the company’s stock worth $15,188,000 after purchasing an additional 3,695 shares during the period. Finally, Aperio Group LLC boosted its position in Dell Technologies by 3.6% during the 3rd quarter. Aperio Group LLC now owns 168,289 shares of the company’s stock worth $12,994,000 after purchasing an additional 5,831 shares during the period. Institutional investors and hedge funds own 22.96% of the company’s stock.
In other Dell Technologies news, major shareholder Dell Technologies Inc sold 435,682 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total value of $47,624,399.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David I. Goulden sold 4,700 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $67.00, for a total transaction of $314,900.00. Following the completion of the transaction, the insider now directly owns 42,055 shares of the company’s stock, valued at $2,817,685. The disclosure for this sale can be found here. Over the last three months, insiders sold 522,509 shares of company stock valued at $51,064,396. 45.00% of the stock is currently owned by corporate insiders.
Shares of Dell Technologies Inc. (NYSE:DVMT) traded up $0.85 during trading on Monday, reaching $81.72. 190,077 shares of the company were exchanged, compared to its average volume of 1,159,258. 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 Inc. has a 12-month low of $48.37 and a 12-month high of $83.98. The stock has a market cap of $62,494.16, a PE ratio of 12.82 and a beta of 0.60.
Dell Technologies (NYSE:DVMT) last announced its quarterly earnings results on Thursday, September 7th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.79. Dell Technologies had a negative net margin of 6.24% and a positive return on equity of 19.45%. The firm had revenue of $19.30 billion during the quarter.
Separately, BidaskClub raised shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 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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