Pentwater Capital Management LP grew its position in shares of Dell Technologies Inc. (NYSE:DVMT) by 0.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,858,538 shares of the company’s stock after purchasing an additional 11,446 shares during the period. Dell Technologies makes up about 1.2% of Pentwater Capital Management LP’s investment portfolio, making the stock its 10th largest position. Pentwater Capital Management LP owned approximately 0.24% of Dell Technologies worth $143,498,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of DVMT. Cheyne Capital Management UK LLP bought a new stake in Dell Technologies during the third quarter valued at $2,186,000. JPMorgan Chase & Co. increased its stake in Dell Technologies by 310.5% during the third quarter. JPMorgan Chase & Co. now owns 1,009,063 shares of the company’s stock valued at $77,850,000 after purchasing an additional 763,242 shares during the last quarter. State of Wisconsin Investment Board increased its stake in Dell Technologies by 70.6% during the third quarter. State of Wisconsin Investment Board now owns 1,298,767 shares of the company’s stock valued at $100,278,000 after purchasing an additional 537,367 shares during the last quarter. Evercore Trust Company N.A. bought a new stake in Dell Technologies during the third quarter valued at $31,448,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Dell Technologies by 257.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 314,800 shares of the company’s stock valued at $24,408,000 after purchasing an additional 226,800 shares during the last quarter. Institutional investors and hedge funds own 23.03% of the company’s stock.
Shares of Dell Technologies Inc. (NYSE DVMT) traded up $1.15 on Tuesday, hitting $82.43. 665,592 shares of the stock traded hands, compared to its average volume of 773,800. Dell Technologies Inc. has a 52 week low of $54.13 and a 52 week high of $84.77. The firm has a market capitalization of $62,535.78, a P/E ratio of -11.37 and a beta of 0.07. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 2.98.
In related news, insider David I. Goulden sold 4,700 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $82.66, for a total value of $388,502.00. Following the completion of the sale, the insider now owns 30,955 shares of the company’s stock, valued at $2,558,740.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David I. Goulden sold 72,727 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $32.70, for a total transaction of $2,378,172.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 522,509 shares of company stock valued at $51,151,816. Corporate insiders own 45.00% of the company’s stock.
Separately, BidaskClub downgraded shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd.
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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