Canada Pension Plan Investment Board boosted its position in shares of Dell Technologies Inc. (NYSE:DVMT) by 254.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,031 shares of the company’s stock after acquiring an additional 51,000 shares during the period. Canada Pension Plan Investment Board’s holdings in Dell Technologies were worth $5,484,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in DVMT. Clear Harbor Asset Management LLC acquired a new position in shares of Dell Technologies during the third quarter valued at about $240,000. Oakbrook Investments LLC acquired a new position in shares of Dell Technologies during the third quarter valued at about $270,000. Fox Run Management L.L.C. acquired a new position in shares of Dell Technologies during the third quarter valued at about $456,000. Crossmark Global Holdings Inc. acquired a new position in shares of Dell Technologies during the third quarter valued at about $473,000. Finally, Whittier Trust Co. raised its position in shares of Dell Technologies by 9.3% during the third quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock valued at $733,000 after buying an additional 808 shares during the last quarter. 23.32% of the stock is owned by hedge funds and other institutional investors.
In other Dell Technologies news, CEO Michael S. Dell bought 13,058 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were acquired at an average price of $25.03 per share, with a total value of $326,841.74. Following the completion of the purchase, the chief executive officer now directly owns 418,031 shares in the company, valued at approximately $10,463,315.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were 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. Insiders have sold 522,509 shares of company stock valued at $51,064,396 in the last ninety days. 45.00% of the stock is owned by company insiders.
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Separately, BidaskClub lowered shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd.
Dell Technologies Inc. (NYSE:DVMT) opened at $81.81 on Tuesday. The company has a market cap of $63,815.60, a PE ratio of 13.09 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 2.44. Dell Technologies Inc. has a 52-week low of $48.37 and a 52-week high of $83.98.
Dell Technologies (NYSE:DVMT) last announced 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. The business had revenue of $19.30 billion during the quarter. Dell Technologies had a negative net margin of 6.24% and a positive return on equity of 19.45%.
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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