Crossmark Global Holdings Inc. purchased a new stake in shares of Dell Technologies Inc. (NYSE:DVMT) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,122 shares of the company’s stock, valued at approximately $473,000.
Other large investors also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC lifted its stake in shares of Dell Technologies by 316.4% during 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 during the last quarter. Huntington National Bank purchased a new stake in Dell Technologies in the third quarter valued at about $1,038,000. Fox Run Management L.L.C. purchased a new stake in Dell Technologies in the third quarter valued at about $456,000. Aperio Group LLC raised its stake in Dell Technologies by 3.6% in the third 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 during the last quarter. Finally, Levy Harkins & Co. Inc. raised its stake in Dell Technologies by 1.9% in the third 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 during the last quarter. Institutional investors own 23.03% of the company’s stock.
Shares of Dell Technologies Inc. (NYSE DVMT) traded up $0.59 on Wednesday, reaching $75.06. The company’s stock had a trading volume of 2,195,497 shares, compared to its average volume of 1,394,522. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.70 and a current ratio of 0.76. Dell Technologies Inc. has a one year low of $52.87 and a one year high of $83.98. The firm has a market capitalization of $57,872.97, a price-to-earnings ratio of 11.87 and a beta of 0.08.
Separately, BidaskClub upgraded Dell Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd.
In other Dell Technologies news, major shareholder Dell Technologies Inc sold 435,682 shares of Dell Technologies stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total value of $47,624,399.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael S. Dell acquired 81,573 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was purchased at an average price of $32.70 per share, for a total transaction of $2,667,437.10. Following the acquisition, the chief executive officer now directly owns 499,604 shares in the company, valued at approximately $16,337,050.80. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 517,809 shares of company stock worth $50,749,496. 45.00% of the stock is currently owned by company insiders.
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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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