@DellTechnologies Inc. (NYSE: #DVMT ) CEO @MichaelDell purchased 81,573 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were purchased at an average cost of $32.70 per share, for a total transaction of $2,667,437.10. Following the transaction, the chief executive officer now owns 499,604 shares of the company’s stock, valued at $16,337,050.80. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Dell Technologies Inc. (NYSE DVMT) opened at 82.24 on Friday. The firm’s 50-day moving average price is $78.30 and its 200 day moving average price is $78.30. Dell Technologies Inc. has a 52-week low of $46.64 and a 52-week high of $82.50. The firm’s market cap is $63.55 billion. Dell Technologies (NYSE:DVMT) last announced its quarterly earnings data on Thursday, September 7th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.79. Dell Technologies had a positive return on equity of 19.45% and a negative net margin of 6.24%. The firm had revenue of $19.30 billion for the quarter. On average, equities research analysts forecast that Dell Technologies Inc. will post $5.05 EPS for the current year.  A hedge fund recently raised its stake in Dell Technologies stock. Longfellow Investment Management Co. LLC raised its position in shares of Dell Technologies Inc. (NYSE:DVMT) by 316.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,100 shares of the company’s stock after buying an additional 79,100 shares during the quarter. Dell Technologies comprises 2.2% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 17th largest position. Longfellow Investment Management Co. LLC’s holdings in Dell Technologies were worth $8,038,000 at the end of the most recent quarter. 22.93% of the stock is currently owned by institutional investors and hedge funds. Separately, BidaskClub raised Dell Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd.
https://weekherald.com/2017/10/21/michael-s-dell-purchases-81573-shares-of-dell-technologies-inc-dvmt-stock.html
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