Spark Investment Management LLC purchased a new stake in shares of Dell Technologies Inc (NASDAQ:DVMT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 183,600 shares of the company’s stock, valued at approximately $11,219,000. Dell Technologies comprises approximately 0.7% of Spark Investment Management LLC’s investment portfolio, making the stock its 9th largest position.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. increased its position in shares of Dell Technologies by 97.5% in the second quarter. Russell Investments Group Ltd. now owns 439,094 shares of the company’s stock valued at $26,827,000 after buying an additional 216,759 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Dell Technologies by 189.9% in the second quarter. Great West Life Assurance Co. Can now owns 354,939 shares of the company’s stock valued at $21,654,000 after buying an additional 232,496 shares during the period. Shell Asset Management Co. increased its position in shares of Dell Technologies by 1,067.0% in the second quarter. Shell Asset Management Co. now owns 154,126 shares of the company’s stock valued at $9,419,000 after buying an additional 140,919 shares during the period. Harbour Capital Advisors LLC increased its position in shares of Dell Technologies by 6,010.9% in the second quarter. Harbour Capital Advisors LLC now owns 29,088 shares of the company’s stock valued at $476,000 after buying an additional 28,612 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Dell Technologies by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 13,531 shares of the company’s stock valued at $827,000 after buying an additional 597 shares during the period.
Shares of Dell Technologies Inc (NASDAQ DVMT) traded down 0.21% on Friday, reaching $63.04. The company’s stock had a trading volume of 787,831 shares. The stock’s market capitalization is $48.67 billion. The stock has a 50-day moving average of $62.86 and a 200 day moving average of $64.23. Dell Technologies Inc has a 1-year low of $42.02 and a 1-year high of $69.72.
Dell Technologies (NASDAQ:DVMT) last released its earnings results on Thursday, June 8th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.19. Dell Technologies had a negative net margin of 7.76% and a negative return on equity of 43.19%. The company had revenue of $17.82 billion during the quarter. On average, equities analysts forecast that Dell Technologies Inc will post $4.72 EPS for the current year.
In related news, CEO Michael S. Dell bought 33,567 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was bought at an average price of $31.29 per share, for a total transaction of $1,050,311.43. Following the transaction, the chief executive officer now directly owns 404,973 shares in the company, valued at $12,671,605.17. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David I. Goulden sold 4,700 shares of the stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $61.53, for a total transaction of $289,191.00. Following the completion of the sale, the insider now owns 44,255 shares of the company’s stock, valued at approximately $2,723,010.15. The disclosure for this sale can be found here.
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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