Dell Technologies Inc (DVMT) Shares Sold by Capital Fund Management S.A.
Capital Fund Management S.A. cut its stake in shares of Dell Technologies Inc (NYSE:DVMT) by 61.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 121,203 shares of the company’s stock after selling 197,300 shares during the quarter. Capital Fund Management S.A.’s holdings in Dell Technologies were worth $11,771,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in DVMT. Third Point LLC acquired a new position in shares of Dell Technologies during the second quarter worth $169,160,000. Laurion Capital Management LP acquired a new position in shares of Dell Technologies during the third quarter worth $100,122,000. Alpine Associates Management Inc. acquired a new position in shares of Dell Technologies during the second quarter worth $90,101,000. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Dell Technologies by 395.1% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,019,145 shares of the company’s stock worth $86,199,000 after buying an additional 813,315 shares in the last quarter. Finally, Primecap Management Co. CA increased its holdings in shares of Dell Technologies by 27.7% during the third quarter. Primecap Management Co. CA now owns 3,727,141 shares of the company’s stock worth $361,980,000 after buying an additional 807,412 shares in the last quarter. Institutional investors own 23.16% of the company’s stock.
Separately, ValuEngine downgraded shares of Dell Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Dell Technologies has an average rating of “Buy” and an average target price of $108.50.
Dell Technologies (NYSE:DVMT) last posted its quarterly earnings data on Thursday, September 6th. The company reported $1.81 earnings per share for the quarter. The business had revenue of $22.94 billion during the quarter. Dell Technologies had a positive return on equity of 30.61% and a negative net margin of 3.01%.
TRADEMARK VIOLATION NOTICE: “Dell Technologies Inc (DVMT) Shares Sold by Capital Fund Management S.A.” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2018/11/15/dell-technologies-inc-dvmt-shares-sold-by-capital-fund-management-s-a.html.
Dell Technologies Company Profile
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide. It operates through three segments: Client Solutions Group (CSG), Infrastructure Solutions Group (ISG), and VMware. The CSG segment offers hardware, such as desktop personal computers, notebooks, and workstations; and branded peripherals, including monitors and projectors; third-party software and peripherals; and attached software, peripherals, and services comprising support and deployment, configuration, and extended warranty services.
Recommended Story: Beta
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).
Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.