Traders sold shares of Dell Technologies Inc (NYSE:DVMT) on strength during trading on Tuesday. $19.91 million flowed into the stock on the tick-up and $43.60 million flowed out of the stock on the tick-down, for a money net flow of $23.69 million out of the stock. Of all companies tracked, Dell Technologies had the 20th highest net out-flow for the day. Dell Technologies traded up $0.03 for the day and closed at $69.82
DVMT has been the topic of a number of research analyst reports. BidaskClub lowered Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Gabelli initiated coverage on Dell Technologies in a report on Wednesday, January 31st. They issued a “buy” rating and a $106.00 target price on the stock. TheStreet raised Dell Technologies from a “d-” rating to a “c-” rating in a report on Wednesday, February 14th. Finally, ValuEngine raised Dell Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 5th.
The company has a market capitalization of $13,910.00 and a price-to-earnings ratio of -11.72. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.78 and a current ratio of 0.85.
Dell Technologies (NYSE:DVMT) last released its earnings results on Thursday, December 7th. The company reported $1.57 earnings per share (EPS) for the quarter. Dell Technologies had a positive return on equity of 21.53% and a negative net margin of 4.50%. research analysts expect that Dell Technologies Inc will post 5.12 EPS for the current year.
In other news, insider David I. Goulden sold 4,700 shares of Dell Technologies 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 of the company’s stock, valued at approximately $1,745,663.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell acquired 12,967 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were purchased at an average cost of $33.17 per share, for a total transaction of $430,115.39. Following the acquisition, the chief executive officer now directly owns 552,241 shares in the company, valued at approximately $18,317,833.97. The disclosure for this purchase can be found here. Insiders sold a total of 14,100 shares of company stock worth $1,171,898 in the last ninety days. Insiders own 45.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Dell Technologies by 14.7% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 113,946 shares of the company’s stock worth $9,262,000 after buying an additional 14,573 shares during the period. J. Goldman & Co LP lifted its position in shares of Dell Technologies by 324.5% during the 4th quarter. J. Goldman & Co LP now owns 943,454 shares of the company’s stock worth $76,684,000 after buying an additional 721,191 shares during the period. We Are One Seven LLC bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $137,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of Dell Technologies by 52.7% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 11,300 shares of the company’s stock worth $918,000 after buying an additional 3,900 shares during the period. Finally, Banco de Sabadell S.A bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $2,543,000. 22.33% of the stock is currently owned by institutional investors.
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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