Dell Technologies Inc (DVMT) Stake Raised by State of Wisconsin Investment Board
State of Wisconsin Investment Board raised its position in Dell Technologies Inc (NASDAQ:DVMT) by 24.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 761,400 shares of the company’s stock after buying an additional 148,122 shares during the period. State of Wisconsin Investment Board’s holdings in Dell Technologies were worth $46,529,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. 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 worth $28,435,000 after buying an additional 5,661 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of 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 in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Dell Technologies by 189.9% in the second quarter. Great West Life Assurance Co. Can now owns 354,939 shares of the company’s stock worth $21,654,000 after buying an additional 232,496 shares in the last quarter. Rhumbline Advisers raised its position in shares of Dell Technologies by 5.9% in the second quarter. Rhumbline Advisers now owns 233,112 shares of the company’s stock worth $14,245,000 after buying an additional 12,996 shares in the last quarter. Finally, Sei Investments Co. raised its position 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 in the last quarter.
Dell Technologies Inc (NASDAQ DVMT) opened at 66.21 on Wednesday. Dell Technologies Inc has a one year low of $42.02 and a one year high of $69.72. The firm’s market cap is $51.11 billion. The company’s 50-day moving average price is $63.05 and its 200-day moving average price is $64.38.
Dell Technologies (NASDAQ:DVMT) last posted its earnings results on Thursday, June 8th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.93 by $0.19. Dell Technologies had a negative return on equity of 43.19% and a negative net margin of 7.76%. The firm had revenue of $17.82 billion for the quarter. On average, analysts anticipate that Dell Technologies Inc will post $4.72 EPS for the current year.
In other news, CEO Michael S. Dell purchased 44,672 shares of the stock in a transaction dated Friday, June 9th. The shares were bought at an average cost of $25.60 per share, for a total transaction of $1,143,603.20. Following the transaction, the chief executive officer now owns 335,043 shares in the company, valued at $8,577,100.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David I. Goulden sold 4,700 shares of Dell Technologies stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $61.53, for a total value of $289,191.00. Following the transaction, the insider now owns 44,255 shares in the company, valued at $2,723,010.15. The disclosure for this sale can be found here.
About Dell Technologies
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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