CS Mckee LP Has $33.51 Million Position in Dell Technologies Inc. (DVMT)

CS Mckee LP cut its holdings in Dell Technologies Inc. (NYSE:DVMT) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 434,039 shares of the company’s stock after selling 1,480 shares during the quarter. Dell Technologies makes up approximately 2.6% of CS Mckee LP’s holdings, making the stock its 6th largest holding. CS Mckee LP owned about 0.06% of Dell Technologies worth $33,512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DVMT. Longfellow Investment Management Co. LLC boosted its position in Dell Technologies by 316.4% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 104,100 shares of the company’s stock valued at $8,038,000 after acquiring an additional 79,100 shares in the last quarter. Oakbrook Investments LLC bought a new stake in Dell Technologies during the 3rd quarter valued at approximately $270,000. Whittier Trust Co. boosted its position in Dell Technologies by 9.3% during the 3rd quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock valued at $733,000 after acquiring an additional 808 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Dell Technologies during the 3rd quarter valued at approximately $456,000. Finally, Huntington National Bank bought a new stake in Dell Technologies during the 3rd quarter valued at approximately $1,038,000. 23.03% of the stock is currently owned by institutional investors.

Shares of Dell Technologies Inc. (NYSE:DVMT) opened at $78.94 on Tuesday. 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 capitalization of $16,040.00 and a P/E ratio of 12.34. Dell Technologies Inc. has a 12-month low of $53.08 and a 12-month high of $83.98.

In other news, CEO Michael S. Dell acquired 81,573 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were acquired at an average cost of $32.70 per share, with a total value of $2,667,437.10. Following the transaction, the chief executive officer now owns 499,604 shares in the company, valued at approximately $16,337,050.80. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Dell Technologies Inc sold 435,682 shares of Dell Technologies stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $109.31, for a total value of $47,624,399.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 517,809 shares of company stock worth $50,749,496. Insiders own 45.00% of the company’s stock.

Separately, BidaskClub cut Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd.

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Dell Technologies Company 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.

Institutional Ownership by Quarter for Dell Technologies (NYSE:DVMT)

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