37,901 Shares in Dell Technologies Inc (DVMT) Purchased by Dalton Investments LLC
Dalton Investments LLC bought a new position in shares of Dell Technologies Inc (NYSE:DVMT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 37,901 shares of the company’s stock, valued at approximately $3,081,000. Dell Technologies accounts for about 1.2% of Dalton Investments LLC’s investment portfolio, making the stock its 17th largest holding.
A number of other hedge funds have also recently modified their holdings of the business. Steinberg Global Asset Management raised its stake in Dell Technologies by 24.8% during the fourth quarter. Steinberg Global Asset Management now owns 4,731 shares of the company’s stock worth $385,000 after purchasing an additional 941 shares during the period. Pillar Pacific Capital Management LLC raised its stake in shares of Dell Technologies by 1.4% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 73,472 shares of the company’s stock valued at $5,972,000 after acquiring an additional 1,005 shares during the period. Burren Capital Advisors Ltd raised its stake in shares of Dell Technologies by 2.6% in the 3rd quarter. Burren Capital Advisors Ltd now owns 44,654 shares of the company’s stock valued at $3,448,000 after acquiring an additional 1,126 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Dell Technologies by 2.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 42,056 shares of the company’s stock valued at $3,247,000 after acquiring an additional 1,156 shares during the period. Finally, TCW Group Inc. raised its stake in shares of Dell Technologies by 1.9% in the 3rd quarter. TCW Group Inc. now owns 63,667 shares of the company’s stock valued at $4,916,000 after acquiring an additional 1,200 shares during the period. 22.33% of the stock is currently owned by institutional investors.
In other Dell Technologies news, CEO Michael S. Dell bought 12,967 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were purchased 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 in the company, valued at $18,317,833.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell bought 14,350 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $32.70 per share, for a total transaction of $469,245.00. Following the completion of the purchase, the chief executive officer now 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 ninety days, insiders have sold 14,100 shares of company stock worth $1,171,898. 45.00% of the stock is owned by insiders.
Shares of Dell Technologies Inc (NYSE:DVMT) opened at $73.66 on Friday. The stock has a market cap of $56,673.05, a P/E ratio of 11.77, a PEG ratio of 1.47 and a beta of -0.83. 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 released its quarterly earnings results on Thursday, December 7th. The company reported $1.57 earnings per share (EPS) for the quarter. Dell Technologies had a negative net margin of 4.50% and a positive return on equity of 21.53%. The business had revenue of $19.61 billion for the quarter. sell-side analysts anticipate that Dell Technologies Inc will post 5.16 earnings per share for the current fiscal 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.
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