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Saturday, December 23, 2017

Dell Technologies Target of Unusually High Options Trading (DVMT)

Dell Technologies Inc. (NYSE:DVMT) was the target of unusually large options trading on Monday. Investors purchased 3,053 call options on the company. This is an increase of 746% compared to the typical daily volume of 361 call options. Shares of Dell Technologies (NYSE:DVMT) traded down $0.46 during mid-day trading on Friday, reaching $82.08. The company’s stock had a trading volume of 1,027,977 shares, compared to its average volume of 1,409,608. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.78 and a current ratio of 0.85. Dell Technologies has a 12 month low of $54.13 and a 12 month high of $84.77. The firm has a market capitalization of $64,410.63, a P/E ratio of -11.32 and a beta of 0.08. Get Dell Technologies alerts:  Enter Your Email Address Submit Separately, BidaskClub lowered Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd.  In other news, CEO Michael S. Dell acquired 81,573 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was purchased at an average cost of $32.70 per share, with a total value of $2,667,437.10. Following the completion of the acquisition, the chief executive officer now directly owns 499,604 shares in the company, valued at $16,337,050.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David I. Goulden sold 4,700 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $76.26, for a total value of $358,422.00. Following the completion of the sale, the insider now directly owns 34,855 shares of the company’s stock, valued at $2,658,042.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 517,809 shares of company stock worth $50,749,496. Corporate insiders own 45.00% of the company’s stock. A number of hedge funds have recently modified their holdings of #DVMT. @Cheyne Capital Management UK LLP acquired a new position in @Dell Technologies in the third quarter valued at approximately $2,186,000. @JPMorgan Chase & Co. boosted its stake in Dell Technologies by 310.5% in the third quarter. JPMorgan Chase & Co. now owns 1,009,063 shares of the company’s stock valued at $77,850,000 after acquiring an additional 763,242 shares during the period. State of Wisconsin Investment Board boosted its stake 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 valued at $100,278,000 after acquiring an additional 537,367 shares during the period. Evercore Trust Company N.A. acquired a new position in Dell Technologies in the third quarter valued at approximately $31,448,000. Finally, Davidson Kempner Capital Management LP boosted its stake in Dell Technologies by 45.9% in the third 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 during the period. Institutional investors own 23.03% 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.

https://www.truebluetribune.com/2017/12/23/investors-buy-large-volume-of-dell-technologies-call-options-dvmt.html

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