Carret Asset Management LLC trimmed its position in Dell Technologies Inc. (NYSE:DVMT) by 21.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,037 shares of the company’s stock after selling 6,129 shares during the quarter. Carret Asset Management LLC’s holdings in Dell Technologies were worth $1,779,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. increased its holdings in shares of Dell Technologies by 9.3% in the third quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock worth $733,000 after purchasing an additional 808 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Dell Technologies by 2.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 42,056 shares of the company’s stock worth $3,247,000 after acquiring an additional 1,156 shares during the last quarter. TCW Group Inc. increased its stake in Dell Technologies by 1.9% during the third quarter. TCW Group Inc. now owns 63,667 shares of the company’s stock worth $4,916,000 after acquiring an additional 1,200 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Dell Technologies by 0.4% during the third quarter. Great West Life Assurance Co. Can now owns 356,229 shares of the company’s stock worth $27,446,000 after acquiring an additional 1,290 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Dell Technologies by 3.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,293 shares of the company’s stock worth $3,188,000 after acquiring an additional 1,371 shares during the last quarter. 23.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dell Technologies Inc. (NYSE DVMT) traded up $0.59 during midday trading on Thursday, reaching $75.06. The company’s stock had a trading volume of 2,197,000 shares, compared to its average volume of 1,394,529. 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 Inc. has a 52 week low of $52.87 and a 52 week high of $83.98. The company has a market capitalization of $57,548.41, a PE ratio of 11.80 and a beta of 0.08.
Separately, BidaskClub cut 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 purchased 81,573 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was purchased at an average price of $32.70 per share, for a total transaction of $2,667,437.10. Following the completion of the acquisition, the chief executive officer now owns 499,604 shares of the company’s stock, valued at $16,337,050.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David I. Goulden sold 4,700 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $76.26, for a total value of $358,422.00. Following the completion of the sale, the insider now owns 34,855 shares of the company’s stock, valued at approximately $2,658,042.30. The disclosure for this sale can be found here. Insiders have sold 517,809 shares of company stock worth $50,749,496 over the last three months. 45.00% of the stock is currently owned by insiders.
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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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