Dell Technologies Sees Unusually High Options Volume (DVMT)
Dell Technologies Inc. (NYSE:DVMT) saw some unusual options trading activity on Friday. Traders bought 1,946 call options on the company. This is an increase of approximately 1,866% compared to the typical volume of 99 call options.
In related news, CEO Michael S. Dell purchased 12,967 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was acquired at an average price of $33.17 per share, with a total value of $430,115.39. Following the completion of the acquisition, the chief executive officer now owns 552,241 shares in the company, valued at approximately $18,317,833.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total transaction of $47,624,399.42. The disclosure for this sale can be found here. In the last three months, insiders have purchased 108,890 shares of company stock valued at $3,566,797 and have sold 449,782 shares valued at $48,773,643. Corporate insiders own 45.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Roberts Glore & Co. Inc. IL acquired a new stake in shares of Dell Technologies in the third quarter worth $210,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Dell Technologies in the third quarter worth $210,000. Concentric Wealth Management LLC acquired a new stake in shares of Dell Technologies in the third quarter worth $219,000. IBM Retirement Fund acquired a new stake in shares of Dell Technologies in the third quarter worth $234,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Dell Technologies in the third quarter worth $240,000. Hedge funds and other institutional investors own 23.13% of the company’s stock.
Separately, BidaskClub cut shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd.
Dell Technologies (NYSE:DVMT) opened at $86.75 on Monday. The stock has a market cap of $66,744.33, a price-to-earnings ratio of -11.97 and a beta of 0.07. Dell Technologies has a fifty-two week low of $57.50 and a fifty-two week high of $87.33. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 2.98.
Dell Technologies (NYSE:DVMT) last released its quarterly earnings data on Thursday, December 7th. The company reported $1.57 earnings per share for the quarter. Dell Technologies had a negative net margin of 4.50% and a positive return on equity of 21.53%.
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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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