Aperio Group LLC lifted its holdings in Dell Technologies Inc. (NYSE:DVMT) by 3.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 168,289 shares of the company’s stock after acquiring an additional 5,831 shares during the quarter. Aperio Group LLC’s holdings in Dell Technologies were worth $12,994,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in DVMT. Clear Harbor Asset Management LLC purchased a new stake in shares of Dell Technologies in the 3rd quarter worth about $240,000. Oakbrook Investments LLC purchased a new stake in shares of Dell Technologies in the 3rd quarter worth about $270,000. Fox Run Management L.L.C. purchased a new stake in shares of Dell Technologies in the 3rd quarter worth about $456,000. Whittier Trust Co. grew its position in shares of Dell Technologies by 9.3% in the 3rd quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock worth $733,000 after buying an additional 808 shares during the period. Finally, Huntington National Bank purchased a new stake in shares of Dell Technologies in the 3rd quarter worth about $1,038,000. Hedge funds and other institutional investors own 22.97% of the company’s stock.
Separately, BidaskClub raised shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd.
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In other news, insider David I. Goulden sold 4,700 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $67.00, for a total transaction of $314,900.00. Following the sale, the insider now owns 42,055 shares in the company, valued at $2,817,685. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael S. Dell purchased 81,573 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were acquired at an average price of $32.70 per share, for a total transaction of $2,667,437.10. Following the purchase, the chief executive officer now directly owns 499,604 shares of the company’s stock, valued at approximately $16,337,050.80. The disclosure for this purchase can be found here. Insiders have sold 86,827 shares of company stock worth $3,439,997 in the last 90 days. Insiders own 45.00% of the company’s stock.
Shares of Dell Technologies Inc. (NYSE:DVMT) opened at 82.77 on Wednesday. Dell Technologies Inc. has a 52-week low of $47.99 and a 52-week high of $83.98. The stock’s market capitalization is $63.96 billion. The stock has a 50 day moving average of $79.30 and a 200-day moving average of $79.20.
Dell Technologies (NYSE:DVMT) last announced its quarterly earnings results on Thursday, September 7th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.09 by $0.79. Dell Technologies had a positive return on equity of 19.45% and a negative net margin of 6.24%. The firm had revenue of $19.30 billion for the quarter. Analysts predict that Dell Technologies Inc. will post $5.05 EPS for the current fiscal year.
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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