Traders sold shares of Dell Technologies Inc. (NYSE:DVMT) on strength during trading hours on Thursday. $43.64 million flowed into the stock on the tick-up and $386.00 million flowed out of the stock on the tick-down, for a money net flow of $342.36 million out of the stock. Of all stocks tracked, Dell Technologies had the 0th highest net out-flow for the day. Dell Technologies traded up $0.25 for the day and closed at $78.24
Separately, BidaskClub downgraded Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd.
The firm has a market cap of $16,240.00 and a price-to-earnings ratio of 12.40. 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 (NYSE:DVMT) last released its quarterly earnings data on Thursday, September 7th. The company reported $1.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.79. The firm had revenue of $19.30 billion during the quarter. Dell Technologies had a positive return on equity of 19.45% and a negative net margin of 6.24%.
In related news, major shareholder Dell Technologies Inc sold 435,682 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total transaction of $47,624,399.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David I. Goulden sold 4,700 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $76.26, for a total value of $358,422.00. Following the sale, the insider now owns 34,855 shares of the company’s stock, valued at approximately $2,658,042.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 517,809 shares of company stock valued at $50,749,496. Corporate insiders own 45.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. grew its holdings in Dell Technologies by 9.3% during the third quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock worth $733,000 after buying an additional 808 shares in the last quarter. Burren Capital Advisors Ltd grew its holdings in Dell Technologies by 2.6% during the third quarter. Burren Capital Advisors Ltd now owns 44,654 shares of the company’s stock worth $3,448,000 after buying an additional 1,126 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Dell Technologies by 2.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 42,056 shares of the company’s stock worth $3,247,000 after buying an additional 1,156 shares in the last quarter. TCW Group Inc. grew its holdings in Dell Technologies by 1.9% during the third quarter. TCW Group Inc. now owns 63,667 shares of the company’s stock worth $4,916,000 after buying an additional 1,200 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Dell Technologies by 0.4% during the third quarter. Great West Life Assurance Co. Can now owns 356,229 shares of the company’s stock worth $27,446,000 after buying an additional 1,290 shares in the last quarter. Institutional investors and hedge funds own 23.03% of the company’s stock.
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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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