SG Americas Securities LLC Acquires 102,801 Shares of Dell Technologies Inc. (DVMT)
SG Americas Securities LLC boosted its holdings in Dell Technologies Inc. (NYSE:DVMT) by 1,117.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,004 shares of the company’s stock after acquiring an additional 102,801 shares during the quarter. SG Americas Securities LLC’s holdings in Dell Technologies were worth $8,648,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in DVMT. Cheyne Capital Management UK LLP bought a new position in Dell Technologies in the 3rd quarter valued at about $2,186,000. State of Wisconsin Investment Board lifted its position in Dell Technologies by 70.6% in the 3rd 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 in the last quarter. Beach Point Capital Management LP bought a new position in Dell Technologies in the 3rd quarter valued at about $7,906,000. Longfellow Investment Management Co. LLC lifted its position in Dell Technologies by 316.4% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 104,100 shares of the company’s stock valued at $8,038,000 after acquiring an additional 79,100 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in Dell Technologies by 254.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 71,031 shares of the company’s stock valued at $5,484,000 after acquiring an additional 51,000 shares in the last quarter. 23.32% of the stock is currently owned by institutional investors and hedge funds.
Dell Technologies Inc. (NYSE:DVMT) traded up $0.20 during trading on Friday, hitting $81.49. 1,120,000 shares of the company’s stock traded hands, compared to its average volume of 1,160,000. Dell Technologies Inc. has a 1 year low of $51.02 and a 1 year high of $83.98. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.70 and a current ratio of 0.76. The company has a market cap of $16,590.00 and a PE ratio of 12.91.
Dell Technologies (NYSE:DVMT) last posted its earnings results on Thursday, September 7th. The company reported $1.88 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $19.30 billion for the quarter.
In other news, CEO Michael S. Dell bought 13,058 shares of the company’s stock in a transaction on Monday, August 28th. The shares were purchased at an average price of $25.03 per share, with a total value of $326,841.74. Following the transaction, the chief executive officer now directly owns 418,031 shares in the company, valued at $10,463,315.93. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Dell Technologies Inc sold 435,682 shares of Dell Technologies stock in a transaction that occurred 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. In the last three months, insiders have sold 517,809 shares of company stock worth $50,749,496. Insiders own 45.00% of the company’s stock.
Separately, BidaskClub raised shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd.
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Dell Technologies 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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