NGAM Advisors L.P. Has $3.82 Million Position in Dell Technologies Inc (NASDAQ:DVMT)
NGAM Advisors L.P. reduced its position in shares of Dell Technologies Inc (NASDAQ:DVMT) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 62,522 shares of the company’s stock after selling 2,767 shares during the period. NGAM Advisors L.P.’s holdings in Dell Technologies were worth $3,821,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its stake 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 in the last quarter. Shell Asset Management Co. raised its stake 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 in the last quarter. Finally, Steinberg Global Asset Management raised its stake 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 in the last quarter.
Shares of Dell Technologies Inc (DVMT) opened at 64.45 on Wednesday. Dell Technologies Inc has a one year low of $42.02 and a one year high of $69.72. The stock’s market cap is $49.75 billion. The firm has a 50-day moving average price of $62.70 and a 200-day moving average price of $64.04.
Dell Technologies (NASDAQ:DVMT) last posted its quarterly earnings data on Thursday, June 8th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the 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%. Analysts anticipate that Dell Technologies Inc will post $4.72 earnings per share for the current fiscal year.
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In other news, insider David I. Goulden sold 4,700 shares of the stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $61.53, for a total value of $289,191.00. Following the completion of the transaction, the insider now directly owns 44,255 shares in the company, valued at $2,723,010.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David I. Goulden sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $62.41, for a total transaction of $499,280.00. Following the completion of the transaction, the insider now owns 48,955 shares of the company’s stock, valued at $3,055,281.55. The disclosure for this sale 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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