Rhumbline Advisers Trims Stake in Dell Technologies Inc. (DVMT)

Rhumbline Advisers decreased its holdings in Dell Technologies Inc. (NYSE:DVMT) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,439 shares of the company’s stock after selling 7,673 shares during the quarter. Rhumbline Advisers’ holdings in Dell Technologies were worth $17,406,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. State of Wisconsin Investment Board increased its stake in shares of Dell Technologies by 70.6% in the 3rd quarter. State of Wisconsin Investment Board now owns 1,298,767 shares of the company’s stock valued at $100,278,000 after purchasing an additional 537,367 shares in the last quarter. Beach Point Capital Management LP purchased a new stake in shares of Dell Technologies in the third quarter valued at approximately $7,906,000. Longfellow Investment Management Co. LLC grew its position in shares of Dell Technologies by 316.4% in the third quarter. Longfellow Investment Management Co. LLC now owns 104,100 shares of the company’s stock valued at $8,038,000 after purchasing an additional 79,100 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Dell Technologies by 254.6% in the third quarter. Canada Pension Plan Investment Board now owns 71,031 shares of the company’s stock valued at $5,484,000 after purchasing an additional 51,000 shares in the last quarter. Finally, Opera Trading Capital grew its position in shares of Dell Technologies by 31.1% in the third quarter. Opera Trading Capital now owns 128,757 shares of the company’s stock valued at $9,941,000 after purchasing an additional 30,534 shares in the last quarter. 23.03% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Inc. (DVMT) traded up $0.83 during trading hours on Thursday, reaching $75.89. The company’s stock had a trading volume of 2,010,436 shares, compared to its average volume of 1,397,138. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 2.44. Dell Technologies Inc. has a one year low of $53.08 and a one year high of $83.98. The firm has a market capitalization of $57,548.41, a PE ratio of 11.80 and a beta of 0.08.

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, topping analysts’ consensus estimates of $1.09 by $0.79. Dell Technologies had a positive return on equity of 19.45% and a negative net margin of 6.24%. The business had revenue of $19.30 billion for the quarter.

Separately, BidaskClub upgraded Dell Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 2nd.

In other Dell Technologies news, major shareholder Dell Technologies Inc sold 435,682 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider David I. Goulden sold 72,727 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $32.70, for a total transaction of $2,378,172.90. The disclosure for this sale can be found here. Insiders sold 517,809 shares of company stock worth $50,749,496 in the last three months. 45.00% of the stock is currently owned by corporate insiders.

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Dell Technologies 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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