Horan Capital Advisors LLC. Sells 226 Shares of Dell Technologies Inc (DVMT)
Horan Capital Advisors LLC. cut its position in Dell Technologies Inc (NASDAQ:DVMT) by 1.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,537 shares of the company’s stock after selling 226 shares during the period. Horan Capital Advisors LLC.’s holdings in Dell Technologies were worth $705,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Steinberg Global Asset Management boosted its position in shares of Dell Technologies by 3.7% in the second quarter. Steinberg Global Asset Management now owns 3,571 shares of the company’s stock worth $218,000 after buying an additional 127 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Dell Technologies during the second quarter worth about $567,000. Janney Montgomery Scott LLC boosted its position in shares of Dell Technologies by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 13,531 shares of the company’s stock worth $827,000 after buying an additional 597 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Dell Technologies during the second quarter worth about $1,129,000. Finally, Harbour Capital Advisors LLC boosted its position in shares of Dell Technologies by 6,010.9% in the second quarter. Harbour Capital Advisors LLC now owns 29,088 shares of the company’s stock worth $476,000 after buying an additional 28,612 shares in the last quarter.
Dell Technologies Inc (DVMT) opened at 67.74 on Tuesday. The company’s market cap is $52.29 billion. Dell Technologies Inc has a one year low of $42.02 and a one year high of $69.72. The firm has a 50-day moving average of $62.97 and a 200-day moving average of $64.35.
Dell Technologies (NASDAQ:DVMT) last issued its earnings results on Thursday, June 8th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.19. Dell Technologies had a negative net margin of 7.76% and a negative return on equity of 43.19%. The business had revenue of $17.82 billion for the quarter. On average, analysts predict that Dell Technologies Inc will post $4.72 EPS for the current year.
In other Dell Technologies news, CEO Michael S. Dell bought 44,672 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were acquired 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David I. Goulden sold 4,700 shares of Dell Technologies stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $61.53, for a total transaction of $289,191.00. Following the sale, 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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