Insider Buying: Dell Technologies Inc. (NYSE:DVMT) CEO Purchases 12,967 Shares of Stock

Dell Technologies Inc. (NYSE:DVMT) CEO Michael S. Dell bought 12,967 shares of Dell Technologies stock in a transaction that occurred on Monday, January 8th. The shares were acquired at an average cost of $33.17 per share, with a total value of $430,115.39. Following the acquisition, the chief executive officer now owns 552,241 shares of the company’s stock, valued at $18,317,833.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Dell Technologies Inc. (NYSE:DVMT) traded up $0.65 on Friday, reaching $70.90. 5,470,000 shares of the company were exchanged, compared to its average volume of 3,260,000. The firm has a market capitalization of $14,130.00 and a price-to-earnings ratio of -11.90. Dell Technologies Inc. has a 52-week low of $59.92 and a 52-week high of $92.40. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 2.98.

Dell Technologies (NYSE:DVMT) last posted its quarterly earnings results on Thursday, December 7th. The company reported $1.57 earnings per share 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 large investors have recently bought and sold shares of the business. Meeder Asset Management Inc. boosted its holdings in Dell Technologies by 18,759.8% in the 4th quarter. Meeder Asset Management Inc. now owns 18,294 shares of the company’s stock valued at $1,488,000 after purchasing an additional 18,197 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in Dell Technologies by 3.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 40,369 shares of the company’s stock valued at $3,281,000 after purchasing an additional 1,308 shares during the last quarter. Steinberg Global Asset Management boosted its holdings in Dell Technologies by 24.8% in the 4th quarter. Steinberg Global Asset Management now owns 4,731 shares of the company’s stock valued at $385,000 after purchasing an additional 941 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Dell Technologies in the 4th quarter valued at about $7,154,000. Finally, Gabelli Funds LLC boosted its holdings in Dell Technologies by 1,844.8% in the 4th quarter. Gabelli Funds LLC now owns 61,671 shares of the company’s stock valued at $5,013,000 after purchasing an additional 58,500 shares during the last quarter. Institutional investors own 23.11% of the company’s stock.

A number of research analysts have weighed in on DVMT shares. Gabelli initiated coverage on shares of Dell Technologies in a report 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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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.

Insider Buying and Selling by Quarter for Dell Technologies (NYSE:DVMT)

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