California Public Employees Retirement System Acquires 25,374 Shares of Dell Technologies Inc. (DVMT)

California Public Employees Retirement System increased its holdings in Dell Technologies Inc. (NYSE:DVMT) by 6.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 419,054 shares of the company’s stock after buying an additional 25,374 shares during the period. California Public Employees Retirement System owned about 0.05% of Dell Technologies worth $32,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Roberts Glore & Co. Inc. IL acquired a new position in shares of Dell Technologies during the third quarter worth $210,000. Stratos Wealth Partners LTD. acquired a new position in shares of Dell Technologies during the third quarter worth $210,000. Concentric Wealth Management LLC acquired a new position in shares of Dell Technologies during the third quarter worth $219,000. IBM Retirement Fund acquired a new position in shares of Dell Technologies during the third quarter worth $234,000. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of Dell Technologies during the third quarter worth $240,000. 23.03% of the stock is owned by institutional investors.

Dell Technologies Inc. (NYSE DVMT) opened at $80.99 on Monday. The stock has a market capitalization of $62,586.88, a price-to-earnings ratio of 12.94 and a beta of 0.08. The company has a current ratio of 0.85, a quick ratio of 0.70 and a debt-to-equity ratio of 2.98. Dell Technologies Inc. has a 12-month low of $54.13 and a 12-month high of $83.98.

In related news, insider David I. Goulden sold 4,700 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $76.26, for a total value of $358,422.00. Following the transaction, the insider now directly owns 34,855 shares of the company’s stock, valued at approximately $2,658,042.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell bought 81,573 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was purchased at an average cost of $32.70 per share, for a total transaction of $2,667,437.10. Following the completion of the transaction, the chief executive officer now owns 499,604 shares in the company, valued at $16,337,050.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 517,809 shares of company stock worth $50,749,496. Insiders own 45.00% of the company’s stock.

Separately, BidaskClub downgraded Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd.

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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.

Institutional Ownership by Quarter for Dell Technologies (NYSE:DVMT)

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