Dell Technologies Inc (NASDAQ:DVMT) Stake Lowered by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado lowered its position in Dell Technologies Inc (NASDAQ:DVMT) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 43,629 shares of the company’s stock after selling 434 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Dell Technologies were worth $2,666,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Steinberg Global Asset Management increased its position in shares of Dell Technologies by 3.7% in the second quarter. Steinberg Global Asset Management now owns 3,571 shares of the company’s stock worth $218,000 after buying an additional 127 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Dell Technologies by 1,067.0% in the second quarter. Shell Asset Management Co. now owns 154,126 shares of the company’s stock worth $9,419,000 after buying an additional 140,919 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Dell Technologies by 97.5% in the second quarter. Russell Investments Group Ltd. now owns 439,094 shares of the company’s stock worth $26,827,000 after buying an additional 216,759 shares during the last quarter.
Dell Technologies Inc (NASDAQ DVMT) opened at 64.45 on Tuesday. The firm’s market capitalization is $49.75 billion. The stock’s 50 day moving average price is $62.55 and its 200-day moving average price is $64.04. Dell Technologies Inc has a 12 month low of $42.02 and a 12 month high of $69.72.
Dell Technologies (NASDAQ:DVMT) last released its quarterly earnings data on Thursday, June 8th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.19. The business had revenue of $17.82 billion during the quarter. Dell Technologies had a negative net margin of 7.76% and a negative return on equity of 43.19%. Equities analysts forecast that Dell Technologies Inc will post $4.72 earnings per share for the current year.
In other news, insider David I. Goulden sold 4,700 shares of Dell Technologies stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $61.53, for a total transaction of $289,191.00. Following the completion of the sale, the insider now directly owns 44,255 shares of the company’s stock, valued at approximately $2,723,010.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell purchased 44,672 shares of Dell Technologies stock in a transaction that occurred on Friday, June 9th. The stock was bought at an average cost of $25.60 per share, with a total value of $1,143,603.20. Following the completion of the transaction, the chief executive officer now owns 335,043 shares of the company’s stock, valued at $8,577,100.80. The disclosure for this purchase can be found here.
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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