Teacher Retirement System of Texas raised its stake in Dell Technologies Inc. (NYSE:DVMT) by 521.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,262 shares of the company’s stock after buying an additional 53,082 shares during the quarter. Teacher Retirement System of Texas’ holdings in Dell Technologies were worth $5,142,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Cheyne Capital Management UK LLP purchased a new stake in Dell Technologies in the 3rd quarter valued at $2,186,000. Pentwater Capital Management LP grew its holdings in Dell Technologies by 0.6% in the 3rd quarter. Pentwater Capital Management LP now owns 1,858,538 shares of the company’s stock valued at $143,498,000 after buying an additional 11,446 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Dell Technologies by 7.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,602,358 shares of the company’s stock valued at $123,719,000 after buying an additional 106,567 shares in the last quarter. OZ Management LP grew its holdings in Dell Technologies by 1.3% in the 3rd quarter. OZ Management LP now owns 1,498,098 shares of the company’s stock valued at $115,668,000 after buying an additional 18,868 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Dell Technologies by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,353,765 shares of the company’s stock valued at $104,523,000 after buying an additional 4,196 shares in the last quarter. Institutional investors own 22.97% of the company’s stock.
In related news, insider David I. Goulden sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $87.48, for a total transaction of $411,156.00. Following the completion of the transaction, the insider now directly owns 19,955 shares in the company, valued at approximately $1,745,663.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell bought 14,350 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average price of $32.70 per share, with a total value of $469,245.00. Following the completion of the acquisition, the chief executive officer now directly owns 539,274 shares in the company, valued at $17,634,259.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 14,100 shares of company stock valued at $1,171,898. Company insiders own 45.00% of the company’s stock.
A number of research firms have recently weighed in on DVMT. BidaskClub cut Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Gabelli began coverage on Dell Technologies in a report on Wednesday, January 31st. They set a “buy” rating and a $106.00 price target for the company. TheStreet upgraded Dell Technologies from a “d-” rating to a “c-” rating in a report on Wednesday. Finally, ValuEngine upgraded Dell Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 5th.
Dell Technologies Inc. (NYSE:DVMT) opened at $69.79 on Friday. The firm has a market capitalization of $53,110.79, a price-to-earnings ratio of 11.03, a PEG ratio of 1.40 and a beta of -1.25. 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 twelve month low of $59.92 and a twelve month high of $92.40.
Dell Technologies (NYSE:DVMT) last released 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%. research analysts predict that Dell Technologies Inc. will post 5.12 earnings per share for the current year.
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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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