Dell Technologies Inc. (DVMT) Shares Bought by Governors Lane LP
Governors Lane LP lifted its holdings in Dell Technologies Inc. (NYSE:DVMT) by 8.7% in the 4th quarter, HoldingsChannel reports. The fund owned 855,050 shares of the company’s stock after buying an additional 68,074 shares during the period. Dell Technologies comprises approximately 2.5% of Governors Lane LP’s holdings, making the stock its 13th largest position. Governors Lane LP’s holdings in Dell Technologies were worth $69,498,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Allianz Asset Management GmbH raised its position in shares of Dell Technologies by 866.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 155,501 shares of the company’s stock worth $12,006,000 after acquiring an additional 139,419 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at about $414,000. Beach Point Capital Management LP acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at about $7,906,000. Cowen Inc. acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at about $2,471,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at about $456,000. 22.97% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on the company. ValuEngine upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Gabelli assumed coverage on Dell Technologies in a research note on Wednesday, January 31st. They issued a “buy” rating and a $106.00 target price for the company. Finally, BidaskClub downgraded Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd.
Dell Technologies (NYSE:DVMT) last issued its earnings results on Thursday, December 7th. The company reported $1.57 EPS for the quarter. Dell Technologies had a positive return on equity of 21.53% and a negative net margin of 4.50%. analysts anticipate that Dell Technologies Inc. will post 5.12 earnings per share for the current year.
In related news, CEO Michael S. Dell purchased 12,967 shares of the business’s stock in a transaction on Monday, January 8th. The stock was acquired 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 of the company’s stock, valued at $18,317,833.97. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David I. Goulden sold 4,700 shares of Dell Technologies stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $87.48, for a total value of $411,156.00. Following the transaction, the insider now owns 19,955 shares of the company’s stock, valued at approximately $1,745,663.40. The disclosure for this sale can be found here. Insiders have sold a total of 14,100 shares of company stock valued at $1,171,898 in the last quarter. Company insiders own 45.00% of the company’s stock.
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Dell Technologies Company 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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