Sei Investments Co. lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 135,097 shares of the technology company’s stock after selling 22,011 shares during the quarter. Sei Investments Co.’s holdings in Dell Technologies were worth $5,433,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of DELL. Victory Capital Management Inc. boosted its position in shares of Dell Technologies by 1.3% during the fourth quarter. Victory Capital Management Inc. now owns 225,782 shares of the technology company’s stock worth $9,081,000 after buying an additional 2,858 shares during the period. TCTC Holdings LLC raised its holdings in Dell Technologies by 58.6% during the fourth quarter. TCTC Holdings LLC now owns 1,741 shares of the technology company’s stock worth $70,000 after acquiring an additional 643 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Dell Technologies by 31.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 324,152 shares of the technology company’s stock valued at $13,037,000 after purchasing an additional 76,997 shares during the last quarter. CoreCap Advisors LLC bought a new position in shares of Dell Technologies in the 4th quarter valued at about $32,000. Finally, Advisor Group Holdings Inc. raised its stake in Dell Technologies by 2.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 159,089 shares of the technology company’s stock valued at $6,399,000 after buying an additional 3,545 shares during the period. 26.42% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Dell Technologies
In other Dell Technologies news, COO Anthony Charles Whitten sold 15,983 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $36.49, for a total transaction of $583,219.67. Following the completion of the sale, the chief operating officer now directly owns 841,207 shares of the company’s stock, valued at approximately $30,695,643.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Anthony Charles Whitten sold 15,983 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $36.49, for a total value of $583,219.67. Following the completion of the sale, the chief operating officer now owns 841,207 shares in the company, valued at approximately $30,695,643.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Richard J. Rothberg sold 200,958 shares of the firm’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $45.36, for a total transaction of $9,115,454.88. Following the transaction, the general counsel now directly owns 149,379 shares in the company, valued at $6,775,831.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 522,371 shares of company stock worth $22,038,868. 48.60% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Dell Technologies Stock Down 3.8 %
Dell Technologies stock opened at $45.49 on Tuesday. The company has a market capitalization of $33.26 billion, a PE ratio of 17.23, a PEG ratio of 0.93 and a beta of 1.02. The firm’s fifty day moving average is $44.00 and its 200 day moving average is $41.94. Dell Technologies Inc. has a 12-month low of $32.90 and a 12-month high of $51.40.
Dell Technologies (NYSE:DELL – Get Rating) last announced its quarterly earnings results on Thursday, June 1st. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.45. Dell Technologies had a negative return on equity of 147.96% and a net margin of 2.01%. The business had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.27 billion. During the same quarter in the prior year, the company earned $1.64 earnings per share. The company’s quarterly revenue was down 19.9% on a year-over-year basis. Sell-side analysts expect that Dell Technologies Inc. will post 4.24 EPS for the current fiscal year.
Dell Technologies Profile
Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.
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