Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Dell Technologies Inc (NYSE:DVMT) by 91.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 334,789 shares of the company’s stock after purchasing an additional 160,144 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Dell Technologies were worth $27,210,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Farallon Capital Management LLC increased its position in shares of Dell Technologies by 4.2% in the 4th quarter. Farallon Capital Management LLC now owns 4,703,440 shares of the company’s stock valued at $382,296,000 after acquiring an additional 190,000 shares during the period. Renaissance Technologies LLC increased its position in shares of Dell Technologies by 182.2% in the 4th quarter. Renaissance Technologies LLC now owns 3,700,100 shares of the company’s stock valued at $300,744,000 after acquiring an additional 2,389,100 shares during the period. Cheyne Capital Management UK LLP acquired a new position in shares of Dell Technologies in the 3rd quarter valued at $2,186,000. Wells Fargo & Company MN increased its position in shares of Dell Technologies by 23.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,983,441 shares of the company’s stock valued at $161,214,000 after acquiring an additional 381,083 shares during the period. Finally, Pentwater Capital Management LP increased its position in shares of Dell Technologies by 0.6% in the 3rd quarter. Pentwater Capital Management LP now owns 1,858,538 shares of the company’s stock valued at $143,498,000 after acquiring an additional 11,446 shares during the period. Hedge funds and other institutional investors own 23.20% of the company’s stock.
Shares of Dell Technologies Inc (NYSE:DVMT) opened at $77.34 on Wednesday. The firm has a market capitalization of $59,842.92, a PE ratio of -10.89, a price-to-earnings-growth ratio of 1.49 and a beta of -0.83. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.78 and a current ratio of 0.85. Dell Technologies Inc has a 12-month low of $59.92 and a 12-month high of $92.40.
In related news, CEO Michael S. Dell purchased 12,967 shares of the business’s stock in a transaction on Monday, January 8th. The shares were bought at an average cost of $33.17 per share, with a total value of $430,115.39. Following the transaction, the chief executive officer now owns 552,241 shares of the company’s stock, valued at $18,317,833.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David I. Goulden sold 4,700 shares of the stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $80.93, for a total value of $380,371.00. Following 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 have sold a total of 14,100 shares of company stock worth $1,171,898 over the last ninety days. 45.00% of the stock is owned by insiders.
Several equities analysts recently issued reports on DVMT shares. Gabelli started coverage on Dell Technologies in a research report on Wednesday, January 31st. They issued a “buy” rating and a $106.00 target price on the stock. Wells Fargo & Co started coverage on Dell Technologies in a research report on Wednesday, February 28th. They issued an “outperform” rating on the stock. ValuEngine raised Dell Technologies from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Stifel Nicolaus downgraded Dell Technologies from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Finally, Deutsche Bank started coverage on Dell Technologies in a research report on Wednesday, February 28th. They issued a “buy” rating and a $114.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Dell Technologies has a consensus rating of “Buy” and an average price target of $110.00.
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Dell Technologies 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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