Penn Davis Mcfarland Inc. decreased its stake in shares of Dell Technologies Inc. (NYSE:DVMT) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,121 shares of the company’s stock after selling 1,940 shares during the period. Dell Technologies accounts for approximately 4.7% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 9th biggest holding. Penn Davis Mcfarland Inc.’s holdings in Dell Technologies were worth $15,941,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its holdings in Dell Technologies by 6.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 316,571 shares of the company’s stock worth $25,731,000 after purchasing an additional 18,786 shares during the last quarter. LGT Capital Partners LTD. raised its holdings in Dell Technologies by 2.9% during the 4th quarter. LGT Capital Partners LTD. now owns 217,135 shares of the company’s stock worth $17,649,000 after purchasing an additional 6,050 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Dell Technologies by 4.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 680,196 shares of the company’s stock worth $52,518,000 after purchasing an additional 27,874 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Dell Technologies during the 3rd quarter worth about $253,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Dell Technologies by 3.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 98,894 shares of the company’s stock worth $7,636,000 after purchasing an additional 3,165 shares during the last quarter. Institutional investors and hedge funds own 23.13% of the company’s stock.
In related news, CEO Michael S. Dell purchased 12,967 shares of the stock in a transaction dated Monday, January 8th. The stock was bought at an average cost of $33.17 per share, with a total value of $430,115.39. Following the purchase, the chief executive officer now directly owns 552,241 shares in the company, valued at approximately $18,317,833.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 directly owns 30,955 shares of the company’s stock, valued at $2,558,740.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 449,782 shares of company stock valued at $48,773,643. 45.00% of the stock is currently owned by company insiders.
Dell Technologies (NYSE:DVMT) last announced its quarterly earnings results on Thursday, December 7th. The company reported $1.57 EPS for the quarter. Dell Technologies had a positive return on equity of 21.53% and a negative net margin of 4.50%.
Separately, BidaskClub cut Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note 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.
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