Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Stake in Dell Technologies Inc (DVMT)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Dell Technologies Inc (NASDAQ:DVMT) by 9.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,180 shares of the company’s stock after buying an additional 3,113 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Dell Technologies were worth $2,211,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares 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 valued at $218,000 after buying an additional 127 shares during the period. 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 valued at $476,000 after buying an additional 28,612 shares during the period. CIBC Asset Management Inc bought a new position in shares of Dell Technologies during the second quarter valued at approximately $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 valued at $827,000 after buying an additional 597 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Dell Technologies by 687.7% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 31,800 shares of the company’s stock valued at $1,943,000 after buying an additional 27,763 shares during the period.
Dell Technologies Inc (NASDAQ DVMT) opened at 66.21 on Wednesday. The firm’s market capitalization is $51.11 billion. The company’s 50-day moving average price is $63.05 and its 200 day moving average price is $64.38. Dell Technologies Inc has a 12 month low of $42.02 and a 12 month high of $69.72.
Dell Technologies (NASDAQ:DVMT) last issued its earnings results on Thursday, June 8th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.19. Dell Technologies had a negative return on equity of 43.19% and a negative net margin of 7.76%. The business had revenue of $17.82 billion during the quarter. On average, equities research analysts predict that Dell Technologies Inc will post $4.72 earnings per share for the current year.
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In related news, insider David I. Goulden sold 8,000 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $62.41, for a total value of $499,280.00. Following the completion of the sale, the insider now directly owns 48,955 shares of the company’s stock, valued at approximately $3,055,281.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Dell bought 44,672 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was purchased at an average cost of $25.60 per share, with a total value of $1,143,603.20. Following the completion of the transaction, the chief executive officer now directly owns 335,043 shares in the company, valued at $8,577,100.80. The disclosure for this purchase can be found here.
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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