Investors Purchase High Volume of Dell Technologies Call Options (DVMT)
Dell Technologies Inc. (NYSE:DVMT) was the recipient of unusually large options trading activity on Tuesday. Traders bought 2,542 call options on the stock. This represents an increase of approximately Infinity compared to the average daily volume of 0 call options.
Separately, BidaskClub lowered shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd.
In other news, CEO Michael S. Dell bought 13,058 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was purchased at an average price of $25.03 per share, for a total transaction of $326,841.74. Following the transaction, the chief executive officer now owns 418,031 shares in the company, valued at $10,463,315.93. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the company’s stock in a transaction dated 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 90 days, insiders sold 517,809 shares of company stock valued at $50,749,496. 45.00% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. acquired a new stake in Dell Technologies during the third quarter valued at approximately $210,000. Roberts Glore & Co. Inc. IL acquired a new stake in Dell Technologies during the third quarter valued at approximately $210,000. Concentric Wealth Management LLC acquired a new stake in Dell Technologies during the third quarter valued at approximately $219,000. IBM Retirement Fund acquired a new stake in Dell Technologies during the third quarter valued at approximately $234,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in Dell Technologies during the third quarter valued at approximately $240,000. 23.32% of the stock is owned by institutional investors and hedge funds.
Shares of Dell Technologies (NYSE DVMT) opened at $81.33 on Friday. The firm has a market cap of $62,030.49, a P/E ratio of 12.72 and a beta of 0.60. Dell Technologies has a one year low of $50.50 and a one year high of $83.98. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 2.44.
Dell Technologies (NYSE:DVMT) last issued its quarterly earnings results on Thursday, September 7th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.79. The company had revenue of $19.30 billion during the quarter. Dell Technologies had a negative net margin of 6.24% and a positive return on equity of 19.45%.
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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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