Canada Pension Plan Investment Board lowered its stake in Dell Technologies Inc (NASDAQ:DVMT) by 68.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,031 shares of the company’s stock after selling 43,902 shares during the period. Canada Pension Plan Investment Board’s holdings in Dell Technologies were worth $1,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DVMT. Russell Investments Group Ltd. boosted its position in shares of 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 during the period. Shell Asset Management Co. boosted its position in shares of 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 boosted its position in shares of 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 boosted its position in shares of 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 boosted its position in shares of 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) opened at 72.80 on Tuesday. The firm’s market capitalization is $56.20 billion. The company’s 50-day moving average price is $64.59 and its 200 day moving average price is $64.64. Dell Technologies Inc has a 12 month low of $42.02 and a 12 month high of $73.16.

Dell Technologies (NASDAQ:DVMT) last announced its quarterly earnings results on Thursday, June 8th. The company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.19. The company had revenue of $17.82 billion during the quarter. Dell Technologies had a negative net margin of 7.76% and a negative return on equity of 43.19%. On average, equities research analysts predict that Dell Technologies Inc will post $4.72 earnings per share for the current year.

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In related news, insider David I. Goulden sold 4,700 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $61.53, for a total value of $289,191.00. Following the sale, the insider now owns 44,255 shares in the company, valued at $2,723,010.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David I. Goulden sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $62.41, for a total transaction of $499,280.00. Following the completion of the sale, the insider now owns 48,955 shares in the company, valued at approximately $3,055,281.55. The disclosure for this sale can be found here. Insiders have sold 17,400 shares of company stock valued at $1,103,371 in the last three months.

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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Institutional Ownership by Quarter for Dell Technologies (NASDAQ:DVMT)

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