Bbva Compass Bancshares Inc. decreased its position in shares of Dell Technologies Inc (NASDAQ:DVMT) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 3,628 shares of the company’s stock after selling 96 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Dell Technologies were worth $222,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its position in shares of Dell Technologies by 97.5% in the second quarter. Russell Investments Group Ltd. now owns 439,094 shares of the company’s stock worth $26,827,000 after buying an additional 216,759 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Dell Technologies by 189.9% in the second quarter. Great West Life Assurance Co. Can now owns 354,939 shares of the company’s stock worth $21,654,000 after buying an additional 232,496 shares during the period. Spark Investment Management LLC acquired a new position in shares of Dell Technologies during the second quarter worth about $11,219,000. Shell Asset Management Co. raised its position in shares of Dell Technologies by 1,067.0% in the second quarter. Shell Asset Management Co. now owns 154,126 shares of the company’s stock worth $9,419,000 after buying an additional 140,919 shares during the period. Finally, Harbour Capital Advisors LLC raised 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 during the period.
Dell Technologies Inc (DVMT) opened at 64.12 on Thursday. The stock’s market cap is $49.50 billion. Dell Technologies Inc has a 12 month low of $42.02 and a 12 month high of $69.72. The stock’s 50 day moving average price is $62.88 and its 200-day moving average price is $64.20.
Dell Technologies (NASDAQ:DVMT) last announced its quarterly earnings data on Thursday, June 8th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $17.82 billion for the quarter. Equities research analysts predict that Dell Technologies Inc will post $4.72 EPS for the current year.
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In related news, insider David I. Goulden sold 4,700 shares of the company’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $61.53, for a total transaction of $289,191.00. Following the transaction, the insider now owns 44,255 shares of the company’s stock, valued at $2,723,010.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell acquired 44,672 shares of the company’s stock in a transaction that occurred on 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 acquisition, the chief executive officer now directly owns 335,043 shares of the company’s stock, 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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