Sumitomo Mitsui Asset Management Company LTD lowered its position in Dell Technologies Inc. (NYSE:DVMT) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,317 shares of the company’s stock after selling 1,670 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Dell Technologies were worth $1,105,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Levy Harkins & Co. Inc. increased its position in shares of Dell Technologies by 1.9% in the third quarter. Levy Harkins & Co. Inc. now owns 196,714 shares of the company’s stock valued at $15,188,000 after buying an additional 3,695 shares in the last quarter. Aperio Group LLC increased its position in shares of Dell Technologies by 3.6% in the third quarter. Aperio Group LLC now owns 168,289 shares of the company’s stock valued at $12,994,000 after buying an additional 5,831 shares in the last quarter. Clear Harbor Asset Management LLC purchased a new position in shares of Dell Technologies in the third quarter valued at $240,000. Huntington National Bank purchased a new stake in Dell Technologies during the 3rd quarter worth about $1,038,000. Finally, Fox Run Management L.L.C. purchased a new stake in Dell Technologies during the 3rd quarter worth about $456,000. Institutional investors and hedge funds own 22.96% of the company’s stock.

Shares of Dell Technologies Inc. (DVMT) opened at $80.87 on Monday. The company has a market capitalization of $62,494.16, a PE ratio of 12.82 and a beta of 0.60. Dell Technologies Inc. has a 52-week low of $48.37 and a 52-week high of $83.98. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.70 and a current ratio of 0.76.

Dell Technologies (NYSE:DVMT) last posted its quarterly earnings data on Thursday, September 7th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates 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 19.45% and a negative net margin of 6.24%.

In related news, insider David I. Goulden sold 4,700 shares of Dell Technologies stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $82.66, for a total transaction of $388,502.00. Following the completion of the sale, the insider now owns 30,955 shares in the company, valued at approximately $2,558,740.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was 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. In the last quarter, insiders have sold 522,509 shares of company stock valued at $51,064,396. 45.00% of the stock is currently owned by company insiders.

Separately, BidaskClub cut Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

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Dell Technologies 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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Institutional Ownership by Quarter for Dell Technologies (NYSE:DVMT)

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