Investors Buy Dell Technologies (DVMT) on Weakness

Traders bought shares of Dell Technologies Inc. (NYSE:DVMT) on weakness during trading on Tuesday. $55.97 million flowed into the stock on the tick-up and $17.31 million flowed out of the stock on the tick-down, for a money net flow of $38.66 million into the stock. Of all equities tracked, Dell Technologies had the 13th highest net in-flow for the day. Dell Technologies traded down ($0.04) for the day and closed at $79.25

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

The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 2.44. The firm has a market cap of $15,990.00 and a PE ratio of 12.66.

In related news, CEO Michael S. Dell acquired 81,573 shares of the company’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 transaction, the chief executive officer now directly owns 499,604 shares of the company’s stock, valued at approximately $16,337,050.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 517,809 shares of company stock valued at $50,749,496 in the last 90 days. 45.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Roberts Glore & Co. Inc. IL acquired a new stake in Dell Technologies during the 3rd quarter worth $210,000. Stratos Wealth Partners LTD. acquired a new stake in Dell Technologies during the 3rd quarter worth $210,000. Concentric Wealth Management LLC acquired a new stake in Dell Technologies during the 3rd quarter worth $219,000. IBM Retirement Fund acquired a new stake in Dell Technologies during the 3rd quarter worth $234,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in Dell Technologies during the 3rd quarter worth $240,000. 23.03% of the stock is owned by hedge funds and other institutional investors.

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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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