Strong demand for servers and networking in the Dell EMC/Infrastructure Solutions Group (ISG) helped Dell Technologies report stronger results for its third quarter (ended November 3) than it did a year ago, according to company executives. The institutional investor owned 225,439 shares of the company's stock after selling 7,673 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Dell Technologies were worth $24,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also bought and sold shares of the company. P Schoenfeld Asset Management LP increased its holdings in shares of Dell Technologies by 14.2% during the 3rd quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $210,000.
In other Dell Technologies news, major shareholder Dell Technologies Inc sold 435,682 shares of the firm's stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $76.26, for a total value of $358,422.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David I. Goulden sold 72,727 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $109.31, for a total value of $47,624,399.42. Following the completion of the transaction, the insider now owns 30,955 shares in the company, valued at approximately $2,558,740.30. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 517,809 shares of company stock worth $50,749,496.
While Dell is still a privately held company, it has been reporting its finances due to a stock it created through its purchase of EMC.
Separately, BidaskClub upgraded Dell Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 2nd.
Dell Technologies Inc. has a 52-week low of $53.08 and a 52-week high of $83.98. (DVMT) traded up $0.83 on Thursday, hitting $75.89. The company's stock had a trading volume of 2,010,436 shares, compared to its average volume of 1,397,138. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.70 and a current ratio of 0.76. The company has a market cap of $57,548.41, a P/E ratio of 11.80 and a beta of 0.08.
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. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.09 by $0.79. The company had revenue of $19.30 billion for the quarter. Dell Technologies had a positive return on equity of 19.45% and a negative net margin of 6.24%.
Dell Technologies Inc notes that strong results from VMware helped in its fiscal third quarter of 2018. "(DVMT)" was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of U.S. & global trademark and copyright legislation.
Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions.