IBM Retirement Fund acquired a new position in shares of Dell Technologies Inc. (NYSE:DVMT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,037 shares of the company’s stock, valued at approximately $234,000.

Other hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. bought a new stake in Dell Technologies during the 3rd quarter worth approximately $210,000. Concentric Wealth Management LLC bought a new stake in Dell Technologies during the 3rd quarter worth approximately $219,000. Clear Harbor Asset Management LLC bought a new stake in Dell Technologies during the 3rd quarter worth approximately $240,000. Oakbrook Investments LLC bought a new stake in Dell Technologies during the 3rd quarter worth approximately $270,000. Finally, Massey Quick Simon & CO. LLC bought a new stake in Dell Technologies during the 3rd quarter worth approximately $366,000. Institutional investors and hedge funds own 23.32% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/11/16/ibm-retirement-fund-takes-position-in-dell-technologies-inc-dvmt.html.

Separately, BidaskClub raised shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd.

Dell Technologies Inc. (DVMT) traded down $1.22 during trading hours on Thursday, hitting $80.27. 1,555,600 shares of the stock were exchanged, compared to its average volume of 1,334,755. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.70 and a current ratio of 0.76. Dell Technologies Inc. has a 12 month low of $49.72 and a 12 month high of $83.98. The company has a market cap of $16,310.00 and a price-to-earnings ratio of 12.91.

Dell Technologies (NYSE:DVMT) last posted its quarterly earnings data on Thursday, September 7th. The company reported $1.88 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.79. Dell Technologies had a negative net margin of 6.24% and a positive return on equity of 19.45%. The company had revenue of $19.30 billion for the quarter.

In related news, insider David I. Goulden sold 4,700 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $82.66, for a total transaction of $388,502.00. Following the transaction, the insider now directly owns 30,955 shares of the company’s stock, valued at $2,558,740.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total transaction of $47,624,399.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 517,809 shares of company stock worth $50,749,496. Insiders own 45.00% 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.

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. (NYSE:DVMT).

Institutional Ownership by Quarter for Dell Technologies (NYSE: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.