Leucadia National Corp Raises Position in Dell Technologies Inc (DVMT)
Leucadia National Corp increased its stake in shares of Dell Technologies Inc (NASDAQ:DVMT) by 15.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,438 shares of the company’s stock after buying an additional 23,612 shares during the period. Dell Technologies comprises approximately 0.9% of Leucadia National Corp’s holdings, making the stock its 12th largest position. Leucadia National Corp’s holdings in Dell Technologies were worth $10,660,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in Dell Technologies by 97.5% in the second quarter. Russell Investments Group Ltd. now owns 439,094 shares of the company’s stock valued at $26,827,000 after buying an additional 216,759 shares in the last quarter. Shell Asset Management Co. increased its position in Dell Technologies by 1,067.0% in the second quarter. Shell Asset Management Co. now owns 154,126 shares of the company’s stock valued at $9,419,000 after buying an additional 140,919 shares during the period. Steinberg Global Asset Management increased its position in Dell Technologies by 3.7% in the second quarter. Steinberg Global Asset Management now owns 3,571 shares of the company’s stock valued at $218,000 after buying an additional 127 shares during the period. Harbour Capital Advisors LLC increased its position in Dell Technologies by 6,010.9% in the second quarter. Harbour Capital Advisors LLC now owns 29,088 shares of the company’s stock valued at $476,000 after buying an additional 28,612 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Dell Technologies by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 13,531 shares of the company’s stock valued at $827,000 after buying an additional 597 shares during the period.
Dell Technologies Inc (NASDAQ DVMT) traded up 0.18% during trading on Monday, hitting $71.87. 106,873 shares of the company traded hands. The company’s market capitalization is $55.48 billion. The stock has a 50 day moving average price of $64.59 and a 200 day moving average price of $64.64. Dell Technologies Inc has a 12-month low of $42.02 and a 12-month high of $72.60.
Dell Technologies (NASDAQ:DVMT) last posted its earnings results on Thursday, June 8th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.19. Dell Technologies had a negative return on equity of 43.19% and a negative net margin of 7.76%. The company had revenue of $17.82 billion for the quarter. On average, equities analysts anticipate that Dell Technologies Inc will post $4.72 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/08/28/leucadia-national-corp-raises-position-in-dell-technologies-inc-dvmt.html.
In other Dell Technologies news, insider David I. Goulden sold 8,000 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $62.41, for a total value of $499,280.00. Following the transaction, the insider now owns 48,955 shares of the company’s stock, valued at $3,055,281.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David I. Goulden sold 4,700 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $67.00, for a total value of $314,900.00. Following the completion of the transaction, the insider now directly owns 42,055 shares in the company, valued at approximately $2,817,685. The disclosure for this sale can be found here. In the last three months, insiders sold 17,400 shares of company stock worth $1,103,371.
About Dell Technologies
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.
Want to see what other hedge funds are holding DVMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc (NASDAQ:DVMT).
Receive News & Stock Ratings for Dell Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies Inc and related stocks with our FREE daily email newsletter.