Fiduciary Trust Co. Decreases Stake in Dell Technologies Inc. (DVMT)
Fiduciary Trust Co. reduced its holdings in Dell Technologies Inc. (NYSE:DVMT) by 7.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,751 shares of the company’s stock after selling 1,069 shares during the period. Fiduciary Trust Co.’s holdings in Dell Technologies were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of DVMT. Whittier Trust Co. raised its stake in Dell Technologies by 9.3% during the third 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. Oregon Public Employees Retirement Fund raised its stake in Dell Technologies by 2.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 42,056 shares of the company’s stock worth $3,247,000 after purchasing an additional 1,156 shares during the period. Keybank National Association OH raised its stake in Dell Technologies by 13.2% during the third quarter. Keybank National Association OH now owns 24,333 shares of the company’s stock worth $1,878,000 after purchasing an additional 2,838 shares during the period. Clear Harbor Asset Management LLC purchased a new position in Dell Technologies during the third quarter worth about $240,000. Finally, Oakbrook Investments LLC purchased a new position in Dell Technologies during the third quarter worth about $270,000. 22.96% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub downgraded shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd.
Dell Technologies Inc. (NYSE:DVMT) opened at $81.88 on Friday. 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 Inc. has a 52 week low of $48.37 and a 52 week high of $83.98. The company has a market cap of $63,606.95, a PE ratio of 13.04 and a beta of 0.60.
Dell Technologies (NYSE:DVMT) last issued its earnings results on Thursday, September 7th. The company reported $1.88 EPS 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 company had revenue of $19.30 billion for the quarter.
In other Dell Technologies news, insider David I. Goulden sold 4,700 shares of Dell Technologies 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 sale, the insider now directly owns 42,055 shares in the company, valued at $2,817,685. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dell Technologies Inc sold 435,682 shares of Dell Technologies stock in a transaction dated Wednesday, November 1st. The shares were 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. Over the last quarter, insiders have sold 522,509 shares of company stock valued at $51,064,396. Company insiders own 45.00% of the company’s stock.
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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