OZ Management LP raised its holdings in shares of Dell Technologies Inc. (NYSE:DVMT) by 1.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,498,098 shares of the company’s stock after purchasing an additional 18,868 shares during the period. OZ Management LP owned 0.19% of Dell Technologies worth $115,668,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in DVMT. Cheyne Capital Management UK LLP purchased a new stake in Dell Technologies in the third quarter worth approximately $2,186,000. Wells Fargo & Company MN boosted its stake in shares of Dell Technologies by 7.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,602,358 shares of the company’s stock worth $123,719,000 after acquiring an additional 106,567 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Dell Technologies by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,353,765 shares of the company’s stock worth $104,523,000 after acquiring an additional 4,196 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Dell Technologies by 70.6% during the 3rd quarter. State of Wisconsin Investment Board now owns 1,298,767 shares of the company’s stock worth $100,278,000 after acquiring an additional 537,367 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Dell Technologies by 310.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,063 shares of the company’s stock worth $77,850,000 after acquiring an additional 763,242 shares during the last quarter. 23.03% of the stock is owned by institutional investors and hedge funds.
In other Dell Technologies news, insider David I. Goulden sold 72,727 shares of Dell Technologies stock in a transaction on Friday, October 13th. The shares were sold at an average price of $32.70, for a total value of $2,378,172.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Dell Technologies Inc sold 435,682 shares of Dell Technologies stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total transaction of $47,624,399.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 517,809 shares of company stock worth $50,749,496. 45.00% of the stock is currently owned by insiders.
Dell Technologies (NYSE:DVMT) last announced its quarterly earnings results on Thursday, September 7th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.79. The company 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 cut shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd.
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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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