Dell Technologies Inc. (DVMT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DVMT) by 20.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,029 shares of the company’s stock after selling 7,016 shares during the quarter. Principal Financial Group Inc.’s holdings in Dell Technologies were worth $2,087,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DVMT. Clear Harbor Asset Management LLC bought a new position in Dell Technologies during the third quarter valued at $240,000. Oakbrook Investments LLC bought a new position in Dell Technologies during the third quarter valued at $270,000. Fox Run Management L.L.C. bought a new position in Dell Technologies during the third quarter valued at $456,000. Crossmark Global Holdings Inc. bought a new position in Dell Technologies during the third quarter valued at $473,000. Finally, Whittier Trust Co. grew its holdings in Dell Technologies by 9.3% during the third quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock valued at $733,000 after purchasing an additional 808 shares during the period. 23.03% of the stock is owned by institutional investors.

In other news, insider David I. Goulden sold 4,700 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $82.66, for a total value of $388,502.00. Following the completion of the transaction, the insider now directly owns 30,955 shares of the company’s stock, valued at $2,558,740.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total value of $47,624,399.42. The disclosure for this sale can be found here. Insiders sold 517,809 shares of company stock valued at $50,749,496 over the last ninety days. Corporate insiders own 45.00% of the company’s stock.

Dell Technologies Inc. (DVMT) opened at $78.94 on Tuesday. Dell Technologies Inc. has a twelve month low of $53.08 and a twelve month high of $83.98. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.76 and a quick ratio of 0.70. The company has a market capitalization of $16,040.00 and a price-to-earnings ratio of 12.34.

Separately, BidaskClub raised Dell Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 2nd.

ILLEGAL ACTIVITY WARNING: “Dell Technologies Inc. (DVMT) Shares Sold by Principal Financial Group Inc.” was originally published by Week Herald and is the property of of Week Herald. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://weekherald.com/2017/12/12/dell-technologies-inc-dvmt-shares-sold-by-principal-financial-group-inc.html.

Dell Technologies 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.

Want to see what other hedge funds are holding DVMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DVMT).

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

Receive News & Ratings for Dell Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply