Athos Capital Ltd trimmed its position in Dell Technologies Inc. (NYSE:DVMT) by 4.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 60,758 shares of the company’s stock after selling 2,500 shares during the period. Dell Technologies comprises 3.5% of Athos Capital Ltd’s investment portfolio, making the stock its 9th biggest position. Athos Capital Ltd’s holdings in Dell Technologies were worth $4,691,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Levy Harkins & Co. Inc. lifted its stake in shares of Dell Technologies by 1.9% during the 3rd quarter. Levy Harkins & Co. Inc. now owns 196,714 shares of the company’s stock valued at $15,188,000 after buying an additional 3,695 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Dell Technologies by 3.6% during the 3rd quarter. Aperio Group LLC now owns 168,289 shares of the company’s stock valued at $12,994,000 after buying an additional 5,831 shares in the last quarter. Longfellow Investment Management Co. LLC lifted its stake in Dell Technologies by 316.4% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 104,100 shares of the company’s stock worth $8,038,000 after purchasing an additional 79,100 shares in the last quarter. Huntington National Bank purchased a new stake in Dell Technologies in the 3rd quarter worth approximately $1,038,000. Finally, Whittier Trust Co. lifted its stake in Dell Technologies by 9.3% in the 3rd quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock worth $733,000 after purchasing an additional 808 shares in the last quarter. 23.32% of the stock is owned by institutional investors and hedge funds.
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Separately, BidaskClub upgraded shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd.
In related news, major shareholder Dell Technologies Inc sold 435,682 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total transaction of $47,624,399.42. 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 the business’s stock in a transaction on Monday, August 28th. The stock was purchased at an average cost of $25.03 per share, for a total transaction of $326,841.74. Following the acquisition, the chief executive officer now owns 418,031 shares in the company, valued at $10,463,315.93. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 517,809 shares of company stock worth $50,749,496. 45.00% of the stock is owned by insiders.
Shares of Dell Technologies Inc. (NYSE:DVMT) opened at $81.49 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 2.44. The firm has a market cap of $63,815.60, a price-to-earnings ratio of 13.09 and a beta of 0.60. Dell Technologies Inc. has a 52-week low of $48.82 and a 52-week high of $83.98.
Dell Technologies (NYSE:DVMT) last posted its quarterly earnings data on Thursday, September 7th. The company reported $1.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.79. Dell Technologies had a negative net margin of 6.24% and a positive return on equity of 19.45%. The firm had revenue of $19.30 billion for the quarter.
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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