Dell Technologies Inc (DVMT) Stake Increased by Andra AP fonden
Andra AP fonden boosted its stake in Dell Technologies Inc (NASDAQ:DVMT) by 536.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,693 shares of the company’s stock after buying an additional 256,000 shares during the period. Andra AP fonden’s holdings in Dell Technologies were worth $18,559,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Hunting Hill Global Capital LLC raised its stake in Dell Technologies by 1.2% in the second quarter. Hunting Hill Global Capital LLC now owns 465,304 shares of the company’s stock valued at $28,435,000 after buying an additional 5,661 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Dell Technologies by 6.7% in the second quarter. Pictet Asset Management Ltd. now owns 82,483 shares of the company’s stock valued at $5,724,000 after buying an additional 5,200 shares during the last quarter. Sei Investments Co. raised its stake in Dell Technologies by 76.2% in the second quarter. Sei Investments Co. now owns 209,192 shares of the company’s stock valued at $12,784,000 after buying an additional 90,488 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Dell Technologies by 687.7% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 31,800 shares of the company’s stock valued at $1,943,000 after buying an additional 27,763 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Dell Technologies during the second quarter valued at about $567,000.
Dell Technologies Inc (NASDAQ DVMT) traded up 2.60% during midday trading on Friday, hitting $71.74. 2,408,954 shares of the stock traded hands. Dell Technologies Inc has a one year low of $42.02 and a one year high of $72.60. The company’s market cap is $55.38 billion. The company’s 50 day moving average is $64.59 and its 200-day moving average is $64.64.
Dell Technologies (NASDAQ:DVMT) last released its quarterly earnings data on Thursday, June 8th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.19. Dell Technologies had a negative net margin of 7.76% and a negative return on equity of 43.19%. The business had revenue of $17.82 billion for the quarter. On average, equities research analysts forecast that Dell Technologies Inc will post $4.72 EPS for the current fiscal year.
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In other news, CEO Michael S. Dell acquired 33,567 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were acquired at an average price of $31.29 per share, with a total value of $1,050,311.43. Following the acquisition, the chief executive officer now directly owns 404,973 shares in the company, valued at $12,671,605.17. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael S. Dell acquired 44,672 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was purchased at an average cost of $25.60 per share, for a total transaction of $1,143,603.20. Following the acquisition, the chief executive officer now owns 335,043 shares in the company, valued at $8,577,100.80. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 17,400 shares of company stock worth $1,103,371.
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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