Lathrop Investment Management Corp cut its holdings in Dell Technologies Inc. (NYSE:DVMT) by 39.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,968 shares of the company’s stock after selling 4,536 shares during the period. Lathrop Investment Management Corp’s holdings in Dell Technologies were worth $566,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Stratos Wealth Partners LTD. purchased a new position in shares of Dell Technologies during the third quarter worth about $210,000. Roberts Glore & Co. Inc. IL purchased a new position in shares of Dell Technologies during the third quarter worth about $210,000. Concentric Wealth Management LLC purchased a new position in shares of Dell Technologies during the third quarter worth about $219,000. IBM Retirement Fund purchased a new position in shares of Dell Technologies during the third quarter worth about $234,000. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Dell Technologies during the third quarter worth about $240,000. Institutional investors own 23.13% of the company’s stock.
In other news, CEO Michael S. Dell bought 14,350 shares of the stock in a transaction on Monday, December 11th. The stock was purchased at an average cost of $32.70 per share, with a total value of $469,245.00. Following the purchase, the chief executive officer now owns 539,274 shares of the company’s stock, valued at $17,634,259.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David I. Goulden sold 4,700 shares of Dell Technologies stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $82.66, for a total transaction 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. Insiders have sold a total of 449,782 shares of company stock valued at $48,773,643 over the last 90 days. Insiders own 45.00% of the company’s stock.
Separately, BidaskClub lowered Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd.
Shares of Dell Technologies Inc. (DVMT) opened at $88.39 on Friday. Dell Technologies Inc. has a twelve month low of $57.64 and a twelve month high of $88.52. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.85 and a quick ratio of 0.78. The firm has a market capitalization of $67,790.69, a P/E ratio of -12.19 and a beta of 0.07.
Dell Technologies (NYSE:DVMT) last posted its quarterly earnings results on Thursday, December 7th. The company reported $1.57 earnings per share (EPS) for the quarter. Dell Technologies had a negative net margin of 4.50% and a positive return on equity of 21.53%.
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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.
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