Andra AP fonden reduced its position in shares of Dell Technologies Inc. (NYSE:DVMT) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,305 shares of the company’s stock after selling 4,388 shares during the period. Dell Technologies accounts for about 0.5% of Andra AP fonden’s holdings, making the stock its 25th biggest holding. Andra AP fonden’s holdings in Dell Technologies were worth $23,109,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Whittier Trust Co. increased its position in shares of Dell Technologies by 9.3% during the third quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock valued at $733,000 after acquiring an additional 808 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Dell Technologies during the third quarter valued at about $240,000. Oakbrook Investments LLC acquired a new stake in shares of Dell Technologies during the third quarter valued at about $270,000. Levy Harkins & Co. Inc. increased its position in shares of Dell Technologies by 1.9% during the third quarter. Levy Harkins & Co. Inc. now owns 196,714 shares of the company’s stock valued at $15,188,000 after acquiring an additional 3,695 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of Dell Technologies by 3.6% during the third quarter. Aperio Group LLC now owns 168,289 shares of the company’s stock valued at $12,994,000 after acquiring an additional 5,831 shares during the last quarter. Hedge funds and other institutional investors own 22.97% of the company’s stock.
Dell Technologies (NYSE:DVMT) last announced its quarterly earnings data on Thursday, September 7th. The company reported $1.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.79. The business had revenue of $19.30 billion for the quarter. Dell Technologies had a negative net margin of 6.24% and a positive return on equity of 19.45%.
Separately, BidaskClub upgraded shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd.
In related news, insider David I. Goulden sold 4,700 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $76.26, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael S. Dell bought 13,058 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were acquired at an average cost of $25.03 per share, with a total value of $326,841.74. Following the transaction, the chief executive officer now owns 418,031 shares in the company, valued at approximately $10,463,315.93. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 86,827 shares of company stock worth $3,439,997. Insiders own 45.00% of the company’s stock.
Dell Technologies 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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