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Sunday, November 12, 2017

Dell Technologies Inc. (NYSE:DVMT) Major Shareholder Dell Technologies Inc Sells 435,682 Shares

#Dell Technologies Inc. (NYSE: #DVMT) major shareholder #DellTechnologies Inc sold 435,682 shares of the firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC. Dell Technologies Inc. (NYSE DVMT) traded up $0.70 during midday trading on Friday, hitting $82.58. 768,300 shares of the company were exchanged, compared to its average volume of 1,175,249. Dell Technologies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $83.98. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 2.44. The firm has a market capitalization of $63,815.60, a price-to-earnings ratio of 13.09 and a beta of 0.60. Get Dell Technologies Inc. alerts: Enter Your Email Address Submit Dell Technologies (NYSE:DVMT) last posted its quarterly earnings results on Thursday, September 7th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.79. The firm 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 lowered shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. A number of institutional investors have recently bought and sold shares of the business. Cheyne Capital Management UK LLP acquired a new position in Dell Technologies in the third quarter worth approximately $2,186,000. Wells Fargo & Company MN grew its position in Dell Technologies by 7.1% in the third quarter. Wells Fargo & Company MN now owns 1,602,358 shares of the company’s stock worth $123,719,000 after buying an additional 106,567 shares during the last quarter. State of Wisconsin Investment Board grew its position in Dell Technologies by 70.6% in the third quarter. State of Wisconsin Investment Board now owns 1,298,767 shares of the company’s stock worth $100,278,000 after buying an additional 537,367 shares during the last quarter. JPMorgan Chase & Co. grew its position in Dell Technologies by 310.5% in the third quarter. JPMorgan Chase & Co. now owns 1,009,063 shares of the company’s stock worth $77,850,000 after buying an additional 763,242 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Dell Technologies by 7.0% in the third quarter. Bank of New York Mellon Corp now owns 768,832 shares of the company’s stock worth $59,361,000 after buying an additional 50,504 shares during the last quarter. Hedge funds and other institutional investors own 22.96% of the company’s stock. 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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