Paloma Partners Management Co increased its stake in Dell Technologies Inc (NYSE:DVMT) by 1,078.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,051 shares of the company’s stock after buying an additional 108,949 shares during the quarter. Paloma Partners Management Co’s holdings in Dell Technologies were worth $9,676,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of DVMT. Renaissance Technologies LLC grew its stake in shares of Dell Technologies by 182.2% in the fourth quarter. Renaissance Technologies LLC now owns 3,700,100 shares of the company’s stock valued at $300,744,000 after buying an additional 2,389,100 shares in the last quarter. Cheyne Capital Management UK LLP acquired a new stake in shares of Dell Technologies in the third quarter valued at about $2,186,000. Two Sigma Investments LP grew its stake in shares of Dell Technologies by 689.2% in the fourth quarter. Two Sigma Investments LP now owns 1,039,256 shares of the company’s stock valued at $84,471,000 after buying an additional 907,577 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Dell Technologies by 310.5% in the third quarter. JPMorgan Chase & Co. now owns 1,009,063 shares of the company’s stock valued at $77,850,000 after buying an additional 763,242 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Dell Technologies by 136.0% in the fourth quarter. Two Sigma Advisers LP now owns 1,138,983 shares of the company’s stock valued at $92,577,000 after buying an additional 656,382 shares in the last quarter. Institutional investors and hedge funds own 23.20% of the company’s stock.
Dell Technologies Inc (NYSE DVMT) opened at $78.70 on Monday. The company has a market capitalization of $60,381.50, a PE ratio of -11.08, a P/E/G ratio of 1.57 and a beta of -0.83. Dell Technologies Inc has a 1-year low of $59.92 and a 1-year high of $92.40. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 2.98.
In other Dell Technologies news, insider David I. Goulden sold 4,700 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $80.93, for a total transaction of $380,371.00. Following the transaction, the insider now owns 20,755 shares of the company’s stock, valued at approximately $1,679,702.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael S. Dell bought 12,967 shares of Dell Technologies stock in a transaction on Monday, January 8th. The shares were purchased at an average cost of $33.17 per share, for a total transaction of $430,115.39. Following the acquisition, the chief executive officer now owns 552,241 shares in the company, valued at $18,317,833.97. The disclosure for this purchase can be found here. Insiders sold 14,100 shares of company stock valued at $1,171,898 in the last three months. 45.00% of the stock is currently owned by company insiders.
A number of equities research analysts have recently issued reports on DVMT shares. Deutsche Bank started coverage on Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $114.00 target price for the company. Gabelli initiated 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. Wells Fargo & Co initiated coverage on Dell Technologies in a report on Wednesday, February 28th. They issued an “outperform” rating for the company. TheStreet raised Dell Technologies from a “d-” rating to a “c-” rating in a report on Wednesday, February 14th. Finally, ValuEngine raised Dell Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Dell Technologies currently has a consensus rating of “Buy” and an average target price of $110.00.
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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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