Dell Technologies Inc. (NYSE:DVMT) – Gabelli issued their FY2018 earnings per share (EPS) estimates for shares of Dell Technologies in a research note issued to investors on Wednesday. Gabelli analyst H. Susanto forecasts that the company will post earnings per share of $5.12 for the year. Gabelli currently has a “Buy” rating and a $106.00 target price on the stock. Gabelli also issued estimates for Dell Technologies’ FY2019 earnings at $5.40 EPS, FY2020 earnings at $5.90 EPS, FY2021 earnings at $6.35 EPS and FY2022 earnings at $6.80 EPS.
Separately, BidaskClub lowered shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd.
Dell Technologies (NYSE:DVMT) last released its earnings results on Thursday, December 7th. The company reported $1.57 EPS for the quarter. Dell Technologies had a negative net margin of 4.50% and a positive return on equity of 21.53%.
A number of institutional investors and hedge funds have recently bought and sold shares of DVMT. Cerebellum GP LLC bought a new stake in Dell Technologies in the 4th quarter valued at $129,000. SeaCrest Wealth Management LLC bought a new stake in Dell Technologies in the 4th quarter valued at $136,000. Roberts Glore & Co. Inc. IL bought a new stake in Dell Technologies in the 3rd quarter valued at $210,000. Stratos Wealth Partners LTD. bought a new stake in Dell Technologies in the 3rd quarter valued at $210,000. Finally, Concentric Wealth Management LLC bought a new stake in Dell Technologies in the 3rd quarter valued at $219,000. 23.04% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Michael S. Dell acquired 14,350 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $32.70 per share, with a total value of $469,245.00. Following the transaction, the chief executive officer now owns 539,274 shares of the company’s stock, valued at approximately $17,634,259.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David I. Goulden sold 4,700 shares of the business’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $80.93, for a total transaction of $380,371.00. Following the completion of the sale, the insider now directly owns 20,755 shares in the company, valued at $1,679,702.15. The disclosure for this sale can be found here. Insiders sold a total of 14,100 shares of company stock valued at $1,171,898 in the last three months. 45.00% of the stock is owned by company insiders.
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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