Dell Technologies Inc. (NYSE:DVMT) CEO Michael S. Dell bought 12,967 shares of Dell Technologies stock in a transaction that occurred on Monday, January 8th. The shares were acquired at an average cost of $33.17 per share, with a total value of $430,115.39. Following the acquisition, the chief executive officer now owns 552,241 shares of the company’s stock, valued at $18,317,833.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Dell Technologies Inc. (DVMT) traded up $0.33 during trading on Thursday, hitting $84.61. 678,500 shares of the company traded hands, compared to its average volume of 977,243. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 2.98. Dell Technologies Inc. has a 12-month low of $56.78 and a 12-month high of $85.66. The stock has a market capitalization of $17,090.00 and a PE ratio of -14.20.
Institutional investors have recently modified their holdings of the stock. Roberts Glore & Co. Inc. IL purchased a new position in shares of Dell Technologies during the third quarter worth $210,000. Stratos Wealth Partners LTD. purchased a new position in shares of Dell Technologies during the third quarter worth $210,000. Concentric Wealth Management LLC purchased a new position in shares of Dell Technologies during the third quarter worth $219,000. IBM Retirement Fund purchased a new position in shares of Dell Technologies during the third quarter worth $234,000. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Dell Technologies during the third quarter worth $240,000. 23.13% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This story was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.com-unik.info/2018/01/11/dell-technologies-inc-dvmt-ceo-purchases-430115-39-in-stock.html.
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.
Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.