Dell Technologies Inc. (DVMT) Posts Quarterly Earnings Results, Beats Estimates By $0.79 EPS

Dell Technologies Inc. (NYSE:DVMT) announced its quarterly earnings data on Thursday, September 7th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.79, Morningstar.com reports. Dell Technologies had a positive return on equity of 19.45% and a negative net margin of 6.24%. The company had revenue of $19.30 billion for the quarter.

Dell Technologies (DVMT) opened at 77.36 on Friday. The firm has a 50-day moving average price of $76.45 and a 200 day moving average price of $69.37. Dell Technologies has a 52-week low of $46.64 and a 52-week high of $77.69. The firm’s market capitalization is $59.78 billion.

In other news, CEO Michael S. Dell acquired 33,567 shares of Dell Technologies stock in a transaction that occurred on Wednesday, July 26th. The stock was purchased at an average price of $31.29 per share, with a total value of $1,050,311.43. Following the completion of the transaction, the chief executive officer now owns 404,973 shares in the company, valued at $12,671,605.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael S. Dell purchased 13,058 shares of Dell Technologies stock in a transaction on Monday, August 28th. The stock was bought at an average cost 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 of the company’s stock, valued at $10,463,315.93. The disclosure for this purchase can be found here. In the last three months, insiders have sold 17,400 shares of company stock valued at $1,103,371. Insiders own 45.00% of the company’s stock.

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

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.

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