Dell Technologies Inc. (NYSE:DVMT) saw some unusual options trading activity on Monday. Investors purchased 3,053 call options on the company. This represents an increase of approximately 746% compared to the average daily volume of 361 call options.
In other Dell Technologies news, CEO Michael S. Dell acquired 81,573 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was bought 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 owns 499,604 shares in the company, valued at approximately $16,337,050.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the stock in a transaction dated Wednesday, November 1st. The stock was 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. In the last 90 days, insiders sold 517,809 shares of company stock valued at $50,749,496. Corporate insiders own 45.00% of the company’s stock.
A number of large investors have recently modified their holdings of DVMT. Cheyne Capital Management UK LLP bought a new stake in Dell Technologies during the 3rd quarter worth about $2,186,000. JPMorgan Chase & Co. grew its holdings in 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. State of Wisconsin Investment Board grew its holdings in 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. Evercore Trust Company N.A. bought a new stake in Dell Technologies during the 3rd quarter worth about $31,448,000. Finally, Davidson Kempner Capital Management LP grew its holdings in Dell Technologies by 45.9% during the 3rd quarter. Davidson Kempner Capital Management LP now owns 901,761 shares of the company’s stock worth $69,625,000 after acquiring an additional 283,553 shares during the last quarter. 23.03% of the stock is currently owned by hedge funds and other institutional investors.
Dell Technologies (NYSE:DVMT) last issued its quarterly earnings data on Thursday, September 7th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.79. Dell Technologies had a negative net margin of 6.24% and a positive return on equity of 19.45%. The firm had revenue of $19.30 billion for the quarter.
Separately, BidaskClub upgraded 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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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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