Dell Technologies Inc. (DVMT) Stake Lessened by ACG Wealth

ACG Wealth lessened its stake in shares of Dell Technologies Inc. (NYSE:DVMT) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,793 shares of the company’s stock after selling 2,744 shares during the quarter. ACG Wealth’s holdings in Dell Technologies were worth $1,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cheyne Capital Management UK LLP purchased a new position in shares of Dell Technologies in the third quarter worth approximately $2,186,000. Pentwater Capital Management LP boosted its holdings in shares of Dell Technologies by 0.6% in the third quarter. Pentwater Capital Management LP now owns 1,858,538 shares of the company’s stock worth $143,498,000 after buying an additional 11,446 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Dell Technologies by 7.1% in the third quarter. Wells Fargo & Company MN now owns 1,602,358 shares of the company’s stock worth $123,719,000 after buying an additional 106,567 shares during the last quarter. OZ Management LP boosted its holdings in shares of Dell Technologies by 1.3% in the third quarter. OZ Management LP now owns 1,498,098 shares of the company’s stock worth $115,668,000 after buying an additional 18,868 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Dell Technologies by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,353,765 shares of the company’s stock worth $104,523,000 after buying an additional 4,196 shares during the last quarter. 22.97% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Michael S. Dell bought 12,967 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were bought at an average price of $33.17 per share, for a total transaction of $430,115.39. Following the purchase, the chief executive officer now owns 552,241 shares in the company, valued at $18,317,833.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David I. Goulden sold 4,700 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $87.48, for a total transaction of $411,156.00. Following the sale, the insider now owns 19,955 shares in the company, valued at approximately $1,745,663.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,100 shares of company stock worth $1,171,898. 45.00% of the stock is owned by company insiders.

A number of equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. ValuEngine raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Gabelli assumed coverage on shares of Dell Technologies in a report on Wednesday, January 31st. They issued a “buy” rating and a $106.00 price objective on the stock.

Dell Technologies Inc. (DVMT) opened at $69.87 on Thursday. Dell Technologies Inc. has a 1-year low of $59.92 and a 1-year high of $92.40. The stock has a market cap of $52,549.14, a P/E ratio of -9.64, a P/E/G 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 released its 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%. analysts expect that Dell Technologies Inc. will post 5.12 EPS for the current year.

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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.

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

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