Swiss National Bank Decreases Holdings in Dell Technologies Inc. (DVMT)

Swiss National Bank trimmed its position in Dell Technologies Inc. (NYSE:DVMT) by 44.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,047,159 shares of the company’s stock after selling 837,930 shares during the quarter. Swiss National Bank owned 0.14% of Dell Technologies worth $85,113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. California Public Employees Retirement System lifted its position in shares of Dell Technologies by 3.2% during the 4th quarter. California Public Employees Retirement System now owns 432,347 shares of the company’s stock worth $35,141,000 after buying an additional 13,293 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Dell Technologies by 521.4% during the 4th quarter. Teacher Retirement System of Texas now owns 63,262 shares of the company’s stock worth $5,142,000 after buying an additional 53,082 shares during the last quarter. Nicollet Investment Management Inc. bought a new position in Dell Technologies in the fourth quarter valued at about $354,000. Meeder Asset Management Inc. raised its position in Dell Technologies by 18,759.8% in the fourth 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. Finally, Public Employees Retirement Association of Colorado raised its position in Dell Technologies by 3.3% in the fourth 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. 22.97% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider David I. Goulden sold 4,700 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $80.93, for a total transaction of $380,371.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Dell bought 12,967 shares of the firm’s 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 purchase, the chief executive officer now directly owns 552,241 shares of the company’s stock, valued at $18,317,833.97. The disclosure for this purchase can be found here. In the last three months, insiders sold 14,100 shares of company stock valued at $1,171,898. Insiders own 45.00% of the company’s stock.

Several equities analysts have commented on DVMT shares. BidaskClub downgraded Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Gabelli started coverage on Dell Technologies in a research report on Wednesday, January 31st. They issued a “buy” rating and a $106.00 target price for the company. Finally, ValuEngine upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research report on Monday, February 5th.

Shares of Dell Technologies Inc. (NYSE DVMT) opened at $68.30 on Wednesday. The firm has a market capitalization of $52,341.40, a PE ratio of -9.42, a PEG ratio of 1.38 and a beta of -1.25. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.85 and a quick ratio of 0.78. Dell Technologies Inc. has a one year low of $59.92 and a one year high of $92.40.

Dell Technologies (NYSE:DVMT) last issued its quarterly earnings results on Thursday, December 7th. The company reported $1.57 earnings per share for the quarter. Dell Technologies had a positive return on equity of 21.53% and a negative net margin of 4.50%. sell-side analysts expect that Dell Technologies Inc. will post 5.12 EPS for the current year.

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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.

Institutional Ownership by Quarter for Dell Technologies (NYSE:DVMT)

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