Dell Technologies Inc. (NYSE:DVMT) Shares Sold by Opera Trading Capital

Opera Trading Capital trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DVMT) by 87.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,913 shares of the company’s stock after selling 112,844 shares during the period. Opera Trading Capital’s holdings in Dell Technologies were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Longfellow Investment Management Co. LLC lifted its position in shares of Dell Technologies by 316.4% during the third quarter. Longfellow Investment Management Co. LLC now owns 104,100 shares of the company’s stock worth $8,038,000 after purchasing an additional 79,100 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in Dell Technologies during the third quarter worth about $270,000. Whittier Trust Co. raised its stake in Dell Technologies by 9.3% during the third quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock worth $733,000 after acquiring an additional 808 shares during the period. Fox Run Management L.L.C. acquired a new stake in Dell Technologies during the third quarter worth about $456,000. Finally, Huntington National Bank acquired a new stake in Dell Technologies during the third quarter worth about $1,038,000. 22.97% of the stock is owned by hedge funds and other institutional investors.

DVMT has been the topic of several research reports. ValuEngine upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Gabelli assumed coverage on shares of Dell Technologies in a research note on Wednesday, January 31st. They set a “buy” rating and a $106.00 price objective on the stock. Finally, BidaskClub lowered shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd.

In related news, CEO Michael S. Dell acquired 14,350 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of $32.70 per share, for a total transaction of $469,245.00. Following the completion of the acquisition, the chief executive officer now directly owns 539,274 shares of the company’s stock, valued at approximately $17,634,259.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David I. Goulden sold 4,700 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $80.93, for a total transaction of $380,371.00. The disclosure for this sale can be found here. Insiders sold 14,100 shares of company stock worth $1,171,898 in the last 90 days. 45.00% of the stock is owned by company insiders.

Shares of Dell Technologies Inc. (NYSE DVMT) opened at $69.87 on Thursday. Dell Technologies Inc. has a 12 month low of $59.92 and a 12 month high of $92.40. The company has a market cap of $52,549.14, a P/E ratio of -9.64, a price-to-earnings-growth ratio of 1.39 and a beta of -1.25. 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 announced its quarterly earnings results on Thursday, December 7th. The company reported $1.57 EPS for the quarter. Dell Technologies had a negative net margin of 4.50% and a positive return on equity of 21.53%. equities research analysts forecast that Dell Technologies Inc. will post 5.12 EPS 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.

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

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