Dell Technologies Inc. (DVMT) CEO Purchases $469,245.00 in Stock

Dell Technologies Inc. (NYSE:DVMT) CEO Michael S. Dell acquired 14,350 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average price of $32.70 per share, for a total transaction of $469,245.00. Following the purchase, the chief executive officer now directly owns 539,274 shares of the company’s stock, valued at $17,634,259.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Dell Technologies Inc. (NYSE:DVMT) opened at $80.99 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.85 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $61,636.38, a price-to-earnings ratio of 12.74 and a beta of 0.08. Dell Technologies Inc. has a one year low of $54.13 and a one year high of $83.98.

Separately, BidaskClub downgraded shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cheyne Capital Management UK LLP purchased a new position in Dell Technologies in the 3rd quarter worth about $2,186,000. JPMorgan Chase & Co. increased its stake in Dell Technologies by 310.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,063 shares of the company’s stock worth $77,850,000 after purchasing an additional 763,242 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Dell Technologies by 70.6% in the 3rd quarter. State of Wisconsin Investment Board now owns 1,298,767 shares of the company’s stock worth $100,278,000 after purchasing an additional 537,367 shares in the last quarter. Evercore Trust Company N.A. purchased a new position in Dell Technologies during the 3rd quarter valued at about $31,448,000. Finally, Davidson Kempner Capital Management LP grew its stake 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 valued at $69,625,000 after acquiring an additional 283,553 shares in the last quarter. Institutional investors and hedge funds own 23.03% of the company’s stock.

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Dell Technologies Company 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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