Lathrop Investment Management Corp reduced its position in shares of Dell Technologies Inc. (NYSE:DVMT) by 39.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DVMT. Cheyne Capital Management UK LLP acquired a new position in Dell Technologies during the 3rd quarter valued at $2,186,000. JPMorgan Chase & Co. raised its stake in Dell Technologies by 310.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,063 shares of the company’s stock valued at $77,850,000 after purchasing an additional 763,242 shares during the last quarter. State of Wisconsin Investment Board raised 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 buying an additional 537,367 shares in the last quarter. Evercore Trust Company N.A. acquired a new position in shares of Dell Technologies in the 3rd quarter valued at $31,448,000. Finally, Davidson Kempner Capital Management LP raised its stake in shares of Dell Technologies by 45.9% in the 3rd quarter. Davidson Kempner Capital Management LP now owns 901,761 shares of the company’s stock valued at $69,625,000 after buying an additional 283,553 shares in the last quarter. 23.11% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Michael S. Dell acquired 12,967 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were purchased at an average price of $33.17 per share, with a total value of $430,115.39. Following the acquisition, the chief executive officer now directly owns 552,241 shares in the company, valued at $18,317,833.97. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael S. Dell acquired 14,350 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were bought at an average cost of $32.70 per share, for a total transaction of $469,245.00. Following the acquisition, the chief executive officer now owns 539,274 shares in the company, valued at $17,634,259.80. The disclosure for this purchase can be found here. Insiders have sold a total of 14,100 shares of company stock valued at $1,171,898 in the last quarter. 45.00% of the stock is currently owned by corporate insiders.
Shares of Dell Technologies Inc. (DVMT) traded up $0.65 during mid-day trading on Friday, hitting $70.90. 5,470,000 shares of the stock were exchanged, compared to its average volume of 3,260,000. The firm has a market cap of $14,130.00 and a PE ratio of -11.90. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 2.98. Dell Technologies Inc. has a 52 week low of $59.92 and a 52 week high of $92.40.
Dell Technologies (NYSE:DVMT) last announced its 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%.
A number of equities analysts have recently issued reports on DVMT shares. Gabelli started coverage on shares of Dell Technologies in a research note on Wednesday. They issued a “buy” rating and a $106.00 price objective for the company. BidaskClub cut shares of 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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