Dell Technologies Inc (DVMT) Shares Bought by OLD Mutual Customised Solutions Proprietary Ltd.

OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Dell Technologies Inc (NYSE:DVMT) by 52.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,300 shares of the company’s stock after acquiring an additional 3,900 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Dell Technologies were worth $918,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DVMT. New York State Common Retirement Fund raised its position in Dell Technologies by 2.5% in the 3rd quarter. New York State Common Retirement Fund now owns 459,297 shares of the company’s stock worth $35,462,000 after purchasing an additional 11,400 shares during the last quarter. Bank of New York Mellon Corp raised its position in Dell Technologies by 7.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 768,832 shares of the company’s stock worth $59,361,000 after purchasing an additional 50,504 shares during the last quarter. Macquarie Group Ltd. raised its position in Dell Technologies by 13.9% in the 3rd quarter. Macquarie Group Ltd. now owns 11,500 shares of the company’s stock worth $888,000 after purchasing an additional 1,400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dell Technologies by 3.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,293 shares of the company’s stock worth $3,188,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in Dell Technologies by 15.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,206 shares of the company’s stock worth $788,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 23.12% of the company’s stock.

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In other Dell Technologies news, CEO Michael S. Dell bought 12,967 shares of the company’s stock in a transaction on Monday, January 8th. The stock was bought at an average price of $33.17 per share, for a total transaction of $430,115.39. Following the transaction, the chief executive officer now owns 552,241 shares of the company’s stock, valued at approximately $18,317,833.97. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David I. Goulden sold 4,700 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $80.93, for a total transaction of $380,371.00. The disclosure for this sale can be found here. Insiders have sold a total of 14,100 shares of company stock valued at $1,171,898 in the last quarter. Corporate insiders own 45.00% of the company’s stock.

Several research analysts recently weighed in on the stock. Stifel Nicolaus cut shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Wells Fargo assumed coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They issued an “outperform” rating for the company. Deutsche Bank assumed coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They issued a “buy” rating and a $114.00 price objective for the company. TheStreet upgraded shares of Dell Technologies from a “d-” rating to a “c-” rating in a research report on Wednesday, February 14th. Finally, ValuEngine upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Dell Technologies has a consensus rating of “Buy” and a consensus target price of $110.00.

Dell Technologies stock opened at $73.14 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 2.98. Dell Technologies Inc has a 1 year low of $59.92 and a 1 year high of $92.40. The firm has a market cap of $56,272.96, a P/E ratio of -10.30, a P/E/G ratio of 1.40 and a beta of -0.83.

Dell Technologies (NYSE:DVMT) last posted its quarterly earnings data on Thursday, March 8th. The company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.75. The firm had revenue of $21.94 billion during the quarter. Dell Technologies had a negative net margin of 4.74% and a positive return on equity of 22.63%. analysts expect that Dell Technologies Inc will post 5.76 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Dell Technologies (NYSE:DVMT)

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