LGT Capital Partners LTD. Has $17.65 Million Stake in Dell Technologies Inc. (DVMT)
LGT Capital Partners LTD. raised its stake in Dell Technologies Inc. (NYSE:DVMT) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,135 shares of the company’s stock after purchasing an additional 6,050 shares during the quarter. Dell Technologies accounts for about 1.6% of LGT Capital Partners LTD.’s portfolio, making the stock its 27th biggest position. LGT Capital Partners LTD.’s holdings in Dell Technologies were worth $17,649,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of DVMT. Cheyne Capital Management UK LLP bought a new position in shares of Dell Technologies in the third quarter valued at approximately $2,186,000. JPMorgan Chase & Co. grew its holdings in shares of Dell Technologies by 310.5% in the third quarter. JPMorgan Chase & Co. now owns 1,009,063 shares of the company’s stock valued at $77,850,000 after acquiring an additional 763,242 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in shares of Dell Technologies by 70.6% in the third quarter. State of Wisconsin Investment Board now owns 1,298,767 shares of the company’s stock valued at $100,278,000 after acquiring an additional 537,367 shares in the last quarter. Evercore Trust Company N.A. bought a new position in shares of Dell Technologies in the third quarter valued at approximately $31,448,000. Finally, Davidson Kempner Capital Management LP grew its holdings in shares of Dell Technologies by 45.9% in the third quarter. Davidson Kempner Capital Management LP now owns 901,761 shares of the company’s stock valued at $69,625,000 after acquiring an additional 283,553 shares in the last quarter. 23.13% of the stock is owned by hedge funds and other institutional investors.
In other Dell Technologies news, major shareholder Dell Technologies Inc sold 435,682 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David I. Goulden sold 72,727 shares of the stock in a transaction on Friday, October 13th. The shares were sold at an average price of $32.70, for a total value of $2,378,172.90. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 108,890 shares of company stock valued at $3,566,797 and sold 522,509 shares valued at $51,151,816. Corporate insiders own 45.00% of the company’s stock.
Separately, BidaskClub lowered Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd.
Dell Technologies Inc. (NYSE:DVMT) traded up $0.33 during mid-day trading on Thursday, hitting $84.61. The stock had a trading volume of 678,500 shares, compared to its average volume of 977,243. The company has a market capitalization of $17,160.00 and a price-to-earnings ratio of -14.20. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 2.98. Dell Technologies Inc. has a 52 week low of $56.78 and a 52 week high of $85.66.
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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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