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Principale » Rhumbline Advisers Trims Stake in Dell Technologies Inc. (DVMT)

Rhumbline Advisers Trims Stake in Dell Technologies Inc. (DVMT)

08 Décembre 2017

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Dell Technologies Inc. (NYSE:DVMT) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,293 shares of the company's stock worth $3,188,000 after buying an additional 1,371 shares during the last quarter.

Other institutional investors have also made changes to their positions in the company. IL acquired a new position in Dell Technologies during the 3rd quarter worth approximately $210,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dell Technologies by 3.4% during the 3rd quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Dell Technologies by 13.9% during the 3rd quarter. P Schoenfeld Asset Management LP now owns 462,975 shares of the company's stock valued at $35,746,000 after purchasing an additional 57,400 shares in the last quarter. The firm owned 314,800 shares of the company's stock after acquiring an additional 226,800 shares during the quarter. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Dell Technologies Inc sold 435,682 shares of the firm's stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $82.66, for a total value of $388,502.00. Following the transaction, the insider now owns 34,855 shares in the company, valued at $2,658,042.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 517,809 shares of company stock valued at $50,749,496. Insiders own 45.00% of the company's stock.

Separately, BidaskClub downgraded shares of Dell Technologies from a "strong-buy" rating to a "buy" rating in a research report on Thursday, November 2nd.

Dell Technologies today reported Q3 2018 revenues were up 20.6 per cent year-on-year to US$19.6bn. (DVMT) traded up $0.59 during mid-day trading on Thursday, reaching $75.06. 2,010,436 shares of the stock traded hands, compared to its average volume of 1,397,138. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 2.44.

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The company has a market capitalization of $8,112.68, a price-to-earnings ratio of 34.80, a PEG ratio of 1.91 and a beta of 0.37. The restaurant operator reported $1.27 EPS for the quarter, topping the Zacks' consensus estimate of $1.22 by $0.05.

The financial numbers don't yet provide a complete year-over-year comparison, as the previous fiscal year's third quarter data didn't reflect combined company earnings with EMC Corp., the data storage giant Dell acquired in September of 2016. There was also a net loss of $533m, down from $1.51bn loss a year ago and smaller than last quarter's $978m. This is an increase over its revenue of $16.25 billion that was reported in the same period of the year prior. Dell Technologies had a positive return on equity of 19.45% and a negative net margin of 6.24%.

Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. "(DVMT)" was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and global copyright and trademark legislation.

Meanwhile, during the same quarter Dell Technologies Inc.

Rhumbline Advisers Trims Stake in Dell Technologies Inc. (DVMT)